FMCG
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Russia places Nestle business under temporary administration
The decree transfers Nestle’s Russian assets to L.E.V. Management as the Swiss food giant assesses its options and seeks to protect its employees and operations.
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Hain Celestial to sell international business to Aurelius
The transaction includes major food and beverage brands and is expected to leave Hain focused on its North American portfolio and debt reduction.
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McCain Foods India appoints Aditya Krishna as Managing Director
Krishna will build on McCain India’s grower partnerships, potato innovation and food processing initiatives while Avishek Kar takes over as Commercial Head.
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Woolworths Holdings reports 5.3% earnings growth as food business drives performance
Woolworths Food delivered strong growth and market share gains, prompting the retailer to refocus its broader lifestyle strategy around the premium grocery business.
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RCL Foods earnings fall 27% as sugar imports, pet food disruptions hit profit
RCL Foods says deep-sea sugar imports, weaker global prices and a pet food recall weighed on earnings, while groceries and baking delivered stronger performances.