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The Reese’s owner is also modelling for a less severe tariff impact this year as sales growth outlook tweaked higher.
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Princes Group was seeking to raise £400m ($524.4m) in group proceeds for a market capitalisation of £1.16bn.
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Granarolo said the acquisition is intended to improve its customer reach through its UK subsidiary, primarily in London.
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Founded in 1972, TCF is known for the Ickx and Pralibel Belgium chocolate brands.
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The confectionery giant said “sales and availability have significantly dropped” for the bars and trail mixes launched in 2023-24.
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The Boulder Canyon brand owner has struck the deal with Insignia International, as reported in Utz’s latest results.
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Fruitist said the backing would help the company "meet soaring consumer demand for healthier, fresher alternatives to processed snacks".
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Volume/mix decreases were most pronounced in Europe, where pricing exceeded other geographical regions.
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