Limited-edition Coca-Cola cans for the Chinese New Year

Special can designs have been launched by Coca-Cola to celebrate the Chinese New Year.In what has become a yearly promotion, the Coca-Cola cans are decorated with New Year’s wishes, featuring popular greetings phrases as part of its ‘Share a Coke’ campaign, encouraging consumers to purchase and collect all the varieties of can labels.Making good use of the traditional Coca-Cola...

Walmart dispute hits Campbell results

Campbell Soup reported a 2 percent drop in sales in its second quarter following retail chain Walmart, one of its key customers in the US, placing fewer orders for its canned soups.The Walmart issue weighed on Campbell’s results after the two businesses could not agree on pricing and shelf-space promotion for the company's soup products.Although organic sales were down...

Profits jump at brewer Molson Coors

Despite a slight fall in its global beer volumes, sales at Molson Coors increased in 2017 by 0.2 percent to US$11 billion, mostly because of increased volumes in its European business.Year-end net profit jumped from $295 million in 2016 to $1.4bn 2017, because of the recent change in the US tax reforms. These enabled Molson Coors to gain a...

Skin health business dents Nestlé profits

A fall in consumer demand in the US and Brazil hit profits at Nestlé in 2017.The Swiss-based food giant added that issues at its Nestlé Skin Health arm as well as sales growth falling below expectations to 2.4 percent had an impact on the results.Net profit fell by nearly 16 percent to CHF 7.18 billion (US$7.7bn) in 2017 compared...

Drinks distributor to be acquired by Cott Corporation

Cott Corporation is expanding its reach in the US North East with the acquisition of Crystal Rock Holdings in a deal that is said to be worth US$35 million.While Cott is a beverages supplier to retail brands, Crystal Rock is a distribution service supplier with a presence in the North America and European home and office bottled water delivery...

Snacks division helps PepsiCo’s finances

PepsiCo says it has achieved or exceeded all of its fiscal targets for 2017, with the beverage giant’s sales rising by 1.2 percent to US$63.5 billion and its operating profits rising by 7 percent to $10.5bn compared to last year.Strong performance in its snacks division is said to have helped the results, with Frito- Lay’s revenue rising by 2...

Strong end to year aids Heineken results

Dutch-based global brewer Heineken reported strong sales at the end of 2017 and well as good performance in emerging regions.Sales grew 5.3 percent to €21.89bn ($26.98bn) compare with 2016, while net profit jumped 26 percent to €1.94 billion ($2.38bn).However, negative currency movements and weak economies in areas such Nigeria and the Democratic Republic of Congo wiped €567m off sales.Jean-François...

Russian alcohol limits hit Carlsberg sales

A limit on the size of plastics beer bottles in Russia has affected Carlsberg’s 2017 sales and profits, with a DKK 4.8 billion ($788m) impairment of the Russian Blatika brand affecting net profit, which stood at 1.26 billion kroner ($210 million), down from DKK 4.49m ($738m) the previous year.Sales also declined one percent to DKK 61.8bn ($10.1bn) compared with...

Thai Union picks up sustainability award

Thai Union Group’s global director for Sustainable Development Dr Darian McBain has been named Sustainability Leader of the Year at the edie Sustainability Leaders Awards.McBain’s role in establishing and implementing the tuna canner’s sustainability strategy, along with numerous initiatives and activities helped her to win over nine other finalists, which included personnel from Procter & Gamble and The Co-Op.The...

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