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Illycaffè Reports Revenue And Profit Growth In FY 2023

Italian coffee company Illycaffè achieved solid revenue growth in 2023, reaching €595.1 million (+5.7% at constant exchange rates and +4.8% at...

Kimberly-Clark To Reorganise Business, Incur $1.5bn In Charges

Consumer goods maker Kimberly-Clark said it will reorganise into three business units as it looks to simplify operations and cut costs

BAT Invests £30m In New Innovation Centre In Southampton

British American Tobacco (BAT) has opened an innovation centre at its global research and development (R&D) headquarters in Southampton.

Investment Firm Nimbus To Acquire CelaVita From McCain

Nimbus Investment Fund has agreed to acquire chilled potato products maker CelaVita B.V. from McCain.

Glanbia Sees Decline In Full-Year Revenue, EPS Up By A Fifth

Nutrition group Glanbia has reported group revenues of $5.4 billion in its full year 2023, representing a decline of 8.7% compared to the previous financia...

Thai Union Group To Exit Red Lobster Business

Seafood giant Thai Union Group PCL plans to divest its minority investment in US restaurant chain, Red Lobster.

Mars Invests $237m In New Nature's Bakery Facility In Salt Lake City

Confectionery giant Mars has announced an investment of $237 million (€216.3 million) in a new baking facility for its Nature's Bakery brand, located...