Hain Celestial to “aggressively” cut portfolio as shares slide on $531m loss
Hain Celestial plans to “aggressively” trim the US food and drink major’s portfolio under interim president and CEO Alison Lewis.…
Baby Food
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UK food, drinks body takes swipe at government’s “inflation-fuelling” policies
The Food and Drink Federation (FDF) has taken a swipe at UK government policy as an uptick in grocery inflation…
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Nestlé leans on scale with new CEO to add fresh “perspective”
Nestlé’s new CEO is likely to bring a change of “pace” as the company ups its game to drive organic…
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Jatcorp CEO Sunny Liang steps down
Australian milk powders business Jatcorp has revealed its CEO and director Sunny Liang, has resigned from the business after just…
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No more “boring” Nestlé – what next after shock CEO sacking?
Nestlé’s reputation as one of the consumer goods sector’s dependable names has taken a knock over the last couple of…
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Nestlé dismisses CEO after “undisclosed romantic relationship”
Nestlé has dismissed CEO and company veteran Laurent Freixe after an “undisclosed romantic relationship with a direct subordinate”. In a statement…
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Mengniu Dairy H1 profits slide as revenues curdle
China Mengniu Dairy saw its profits fall in the first half of the year as sales were hit, in part,…
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Bubs Australia reports first annual profit
Infant formula maker Bubs Australia has reported its first annual profit, largely driven by its US operations. The company recorded…
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Texas investigates Gerber, Plum Organics for heavy metals in baby food
Texas Attorney General (AG) Ken Paxton has launched an investigation into baby-food manufacturers Gerber and Plum Organics for allegedly misleading…
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Danone rejigs leadership structure
Danone has made changes to the way the French group organises its leadership geographically. The food and drinks major is…
