Monday, December 23

Tag: food products

AB Foods Sees Strong Primark Margin Recovery, Launches Buyback 
7Nov By adminNo Comments
World

AB Foods Sees Strong Primark Margin Recovery, Launches Buyback 

Updated Nov. 7, 2023 3:18 am ETAB Foods said it will provide further returns to shareholders after its fiscal 2023 profit rose, and that it expects fashion retailer Primark’s margins to substantially recover on the back of easing costs.The British conglomerate said Tuesday that it aims to buy back 500 million pounds ($617.1 million) in shares over the next 12 months. In October the group completed a GBP500 million buyback program.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Stocks Edge Up to Build on Rally
7Nov By adminNo Comments
Money

Stocks Edge Up to Build on Rally

U.S. stocks rose Monday, building on a rally that pushed major indexes sharply higher over the past week.The S&P 500 added 0.2%, while the Dow Jones Industrial Average inched up 35 points, or 0.1%. The tech-heavy Nasdaq Composite rose 0.3% for its seventh consecutive session of gains, the longest winning streak since January.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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FDA Expands Recall of Children’s Fruit Pouches Over Possible Lead Contamination
6Nov By adminNo Comments
World

FDA Expands Recall of Children’s Fruit Pouches Over Possible Lead Contamination

Federal health officials expanded a recall of children’s fruit pouches to include two more brands over fears of possible lead contamination.Grocery store chains Schnucks and Weis Markets were added to the recall after the Food and Drug Administration said certain brand-name cinnamon applesauce pouches sold in their stores could contain too much lead.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Big Western Brands Are Getting Squeezed by Chinese Belt-Tightening
5Nov By adminNo Comments
World

Big Western Brands Are Getting Squeezed by Chinese Belt-Tightening

Updated Nov. 5, 2023 12:01 am ETHONG KONG—Leading Western brands in China are feeling the pinch from the country’s consumer slump.From luxury cosmetics firm Estée Lauder to apparel maker Canada Goose and iPhone seller Apple, companies are reporting weak results, with some saying customers aren’t reopening their wallets almost a year after Covid-related isolation ended.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Brynwood Raises $750 Million to Back Consumer Brands
26Oct By adminNo Comments
World

Brynwood Raises $750 Million to Back Consumer Brands

Oct. 26, 2023 6:30 am ET|WSJ ProBrynwood Partners, a buyout shop that targets consumer products, has raised its largest investment pool since the firm’s founding nearly 40 years ago. Greenwich, Conn.-based Brynwood said it wrapped up its Brynwood Partners IX fund with more than $750 million, or around 16% more than it collected for a predecessor vehicle that closed on $649 million in 2018.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8The go-to source for all things private equity.News, data and analysis to help you find opportunities, and to follow the broad trends in dealmaking, investing and regulation.
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Synlait Milk Taps Paul McGilvary as Interim Chair After Robertson Exit
24Oct By adminNo Comments
World

Synlait Milk Taps Paul McGilvary as Interim Chair After Robertson Exit

Synlait Milk said Simon Robertson has resigned as chair of the board after three years in the role.The New Zealand-based dairy supplier on Monday said independent director Paul McGilvary will act as interim chair while it looks for a permanent replacement.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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