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CEO Ramon Laguarta last month indicated PepsiCo was identifying “structural cost reduction actions”.
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The tie-up is intended to establish a “more economically sustainable model” throughout the cattle supply chain, Tyson said.
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The revised forecast puts earnings broadly in line with the company’s 2025 normalised pre-tax profits.
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Jan Plambeck will take up the role at the family-owned business in January, succeeding Peter Amon.
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“We are very focused on investing in the growing categories of value-added dairy,” president and CEO Carl Colizza told analysts.
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“Fuel and shipping costs remain elevated and weather conditions, including the effects of El Niño, continue to affect fruit availability,” the group said.
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The Japan-based group booked higher sales and earnings for the first half of its financial year.
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Even accounting for the impact of disposals, first-quarter sales fell.
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Auclair joins Glacier from France-based confectioner Carambar & Co., which US-based Ferrara Candy acquired last year.
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