US

Mars To Buy Britain's Hotel Chocolat

Britain's Hotel Chocolat agreed to a £534 million takeover offer from Mars Inc, as the specialist chocolatier succumbs to the US food giant to help i...

US Retailers Stuck With Excess Stock Offer Bargains As Holiday Season Nears

As the holiday shopping season approaches, major US retailers from Dollar General to Walmart and Macy's could be saddled with too much...

Tyson Foods Forecasts Downbeat Annual Revenue On Slowing Meat Demand

US meatpacker Tyson Foods recently forecast revenue for its next fiscal year below Wall Street estimates after fourth-quarter sales missed expectation...

AB Foods 'Not Worried' About Food Demand Impact Of New Weight-Loss Drugs

Associated British Foods, one of the world's biggest producers of bread, cereals and hot drinks, is not concerned about the impact on demand from new appet...

Coty Raises Annual Core Sales Outlook As Fragrances, Cosmetics Drive Demand

Coty recently raised its annual core sales forecast on the back of higher pricing and strong demand from customers who snapped up the CoverGirl parent...

World Wine Output To Fall To Lowest In 60 Years

World wine production is expected to fall to its lowest level in 60 years in 2023 due to poor harvests in the Southern Hemisphere and in some major Europea...

Starbucks To Raise Wage For US Store Workers By At Least 3% From 2024

Starbucks will raise the hourly pay for its US retail workers by at least 3% from 2024, it said on Monday as it plans to expand its store count amid strong...

Starbucks Gets Sales Bump From US Demand For 'Affordable Luxuries'

Starbucks beat Wall Street targets for fourth-quarter sales and profit as robust demand for its pricey coffees and cold drinks in North America offset a fe...