ZURICH/LONDON (Reuters) – Nestle (NESN.VX: Quote, Profile, Research, Stock Buzz) is selling the bulk of its Jenny Craig weight loss business to a U.S. private equity firm as the world’s largest food group works to trim its portfolio.
Nestle said on Thursday it was selling the Jenny Craig business in North America and Oceania to North Castle Partners for an undisclosed sum. The smaller business in France is not part of the deal, it said.
LONDON (Reuters) – Imperial Tobacco Group (IMT.L: Quote, Profile, Research, Stock Buzz) said cost cuts and the launch of electronic cigarettes would help deliver “modest” growth for the new year as it posted slightly better than expected earnings.
Imperial, and its rivals such as Philip Morris International (PM.N: Quote, Profile, Research, Stock Buzz) and British American Tobacco (BATS.L: Quote, Profile, Research, Stock Buzz) are grappling with declining sales in a number of markets due to increasing government regulation and more health-aware consumers, as well as smuggling and an economic downturn.
BRUSSELS/LONDON, Oct 28 (Reuters) – With half the world’s
beer produced by four big firms and few markets left for them to
tap, the time may be right for a $100 billion merger between the
two largest, Anheuser-Busch InBev and SABMiller
This mega-deal is tipped by analysts as the most likely
tie-up because of the other two, Heineken is family
controlled and Carlsberg is protected by a trust.
LONDON, Oct 24 (Reuters) – Unilever Plc
reported slower sales growth after demand for its consumer goods
was hit by the devaluation of a handful of emerging market
currencies and other factors such as rising onion prices in
“This is a soft quarter without a shadow of a doubt,” Chief
Financial Officer Jean Marc Huet told Reuters in an interview On
LONDON (Reuters) – Consumer goods group Reckitt Benckiser (RB.L: Quote, Profile, Research, Stock Buzz) is reviewing options for its pharmaceuticals unit, it said on Tuesday, effectively putting up for sale its prescription medicine for heroin addiction, which faces cheap, copycat competition.
Shares in the British company rose over 4.5 percent in early trading. Bank of America Merrill Lynch has valued the pharmaceuticals unit at about 2 billion pounds ($3.2 billion).
WOKING (Reuters) – When Sue Clark named the near-black Fawcett’s Folly imperial stout the winner of SABMiller’s (SAB.L: Quote, Profile, Research, Stock Buzz) 2013 employee brew-off contest last week, it was not just because she likes dark beer.
The head of the brewer’s European business praised its “360-degree marketing,” which appealed to both men and women and is the type of advertising she is betting on to help stem declines in beer demand.
LONDON (Reuters) – China’s crackdown on corruption, and with it luxury gift-giving, has again hit quarterly sales of spirits, European drinks groups Diageo Plc (DGE.L: Quote, Profile, Research, Stock Buzz) and Remy Cointreau SA (RCOP.PA: Quote, Profile, Research, Stock Buzz) said on Thursday.
In contrast, brewer SABMiller Plc (SAB.L: Quote, Profile, Research, Stock Buzz) said sales of lager in the last three months jumped 10 percent by volume in China, one of the markets that helped the maker of Peroni and Grolsch beers post a 6 percent rise in net sales by value, up from a 2 percent rise the previous quarter.
LONDON, Oct 17 (Reuters) – Strong sales of alcohol in the
Americas have helped European drinks firms to offset sluggish or
non-existent growth in Europe and Asia.
Diageo Plc, the world’s biggest spirits company,
reported a 3.1 percent rise in sales for its first quarter,
ended on Sept. 30.
LONDON, Oct 15 (Reuters) – Diageo, the world’s
biggest spirits group, should see sales growth in Africa
accelerate as it expands into new markets like Ethiopia and
Angola and rising incomes enable traditional beer drinkers to
try spirits, it said on Tuesday.
Africa currently generates 1.4 billion pounds ($2.2
billion)in annual sales for Diageo, accounting for 12 percent of
the group total, and sales have been growing at a compound
annual rate of 13 percent over the past decade.
DETROIT/LONDON, Oct 10 (Reuters) – The U.S. Department of
Energy will consider bids to purchase Fisker Automotive’s
government loan on Friday in what could be the start of a
lengthy and expensive process to revive the dormant green-car
Fisker, which has not built a car in about 15 months, does
not have enough money to pay millions in outstanding bills. The
company laid off most of its employees in April after running
short of cash, a month after co-founder and executive chairman
Henrik Fisker resigned.