WORLD NEWS
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Nestle ships more infant formula to US to mitigate shortage
US- Nestlé, the world’s largest food company, has started shipping infant formula products to the US from Europe to leverage the shortfall caused by the…
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Emmi Group phases out distribution of Onken brand in German Market
GERMANY – Swiss multinational dairy company, Emmi has decided to put an end to the distribution of the Onken brand in Germany, effective this summer…
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McDonald’s to leave Russia 32 years after historic entry
RUSSIA – American multinational fast food corporation McDonald’s is exiting the Russian market bringing an end to a stint that commenced 32 years ago when…
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Stora Enso to take another US$58m hit following decision to exit Russia
RUSSIA – Finnish corrugated packaging company Stora Enso is expecting to incur an additional loss of US$55 million following its decision to fulling divest its…
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Molson Coors invests US$16m in upgrading, expanding capacity at UK cider production plant
UK – American multinational beverage company Molson Coors has invested US$16 million in upgrading facilities at a 300-year old UK cider production facility. The facility…