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Kraft Heinz sees 7.1% decline in Q4 net sales despite pricing uptick; CEO remains optimistic for 2024 growth
Kraft Heinz saw a 7.1% decline in Q4 net sales, dropping to over $6.8 billion from $7.3 billion in the corresponding period last year.In...
Tim Hortons expands menu selection with delectable loaded wraps and bowls
Tim Hortons, the Canadian coffeehouse chain, has unveiled two fresh additions to its menu: the Sweet Chilli Chicken Loaded Wrap and the Loaded Bowl.The...
Nike to cut over 1,600 jobs, streamline operations amid weaker profits
Nike has announced plans to reduce its total workforce by approximately 2%, amounting to over 1,600 jobs, in response to weaker profits this year,...
Govt raises FCI’s authorized capital to INR 21,000 Crore, aims to ease borrowing and strengthen food security
According to a notification from the Ministry of Food issued on Friday, the central government has raised the authorized capital of the Food Corporation...
Swedish lifestyle brand Gaston Luga enters Indian market, teams up with Maison ID8 Brands for expansion
Gaston Luga, the Swedish lifestyle brand, has ventured into the Indian market through a collaboration with Maison ID8 Brands, a renowned entity recognized for...
Juniper Hotels sets price band for INR 1,800 Crore IPO at INR 342-360 per share; subscription opens Feb 21
Luxury hotel developer Juniper Hotels, which runs properties under the Hyatt chain in India, has set the price band for its public issue at...
Chocolate giants Hershey and Cadbury plan price hikes as cocoa prices skyrocket
The producers of Hershey and Cadbury chocolates are planning more price hikes to cover a fresh record-setting surge in cocoa prices, even as inflation-hit...
Haircare startup iluvia secures undisclosed Series A funding from Fireside Ventures and Multiply Ventures
Iluvia, a Bengaluru-based professional haircare brand under Renaura Wellness Pvt. Ltd., has secured a Series A funding from Fireside Ventures and Multiply Ventures.The investment...
India’s consumer packaged goods sector saw balanced growth in 2023: Bain & Company Report
India's consumer packaged goods (CPG) industry witnessed a balanced growth in 2023, as highlighted by a report from Bain & Company, a prominent global...
Juniper hotels to kick off INR 1,800 Crore IPO on February 21
Juniper Hotels, operating hotels under the "Hyatt" brand, has unveiled details regarding its inaugural public offering. The offering, valued at INR 1,800 crore, will...
IHCL expands brand portfolio with Ambuja Neotia Group’s Tree of Life Resorts & Hotels acquisition
Tata Group backed Indian Hotels Company Limited (IHCL) has expanded its brand portfolio through a 'strategic alliance' with Kolkata's Ambuja Neotia Group for Tree...
FMCG market growth set to rebound next fiscal year, says Godrej Consumer Products CEO
The FMCG market growth rate is expected to improve next fiscal year, according to Sudhir Sitapati, Managing Director and Chief Executive Officer of Godrej...