Fast-fashion retailer Forever 21 filed for bankruptcy late on Sunday, joining a growing list of brick-and-mortar companies that have seen sales hit by the rise of competition from online sellers like Amazon.com Inc and the changing fashion trends dictated by millennial shoppers. | Video
CHICAGO The world's two largest consumer goods companies, Nestle SA and Procter & Gamble Co , have acknowledged they will fall short of goals to use only those ingredients that do not contribute to deforestation in their products by 2020.
CHICAGO, Sept 27 The world's two largest
consumer goods companies, Nestle and Procter & Gamble
, told Reuters this week that they will fall short of
their goals to only source key ingredients that do not
contribute to deforestation by 2020.
McDonald's Corp will test a new "plant, lettuce and tomato" sandwich using Beyond Meat patties in some restaurants in Canada next week, the company said on Thursday, following major rivals' bets on the plant-based protein mania in North America. | Video
CHICAGO Investors are chewing out Kraft Heinz Co for failing to lay out a full strategy for how it plans to compete in the roughly $3 billion(2.43 billion pounds)-a-year plant-based protein market.
Campbell Soup Co on Friday reported better-than-expected fourth-quarter profit and margins as the food company sold more soups and snacks, tightened up its supply chain and cut costs, sending shares up more than 8%.
Kraft Heinz Co reported weak sales on Thursday, prompting the maker of packaged foods to write down the value of several business units by more than $1 billion and drop its full-year forecast as it struggles to lure back customers. | Video
Aug 8 Kraft Heinz Co reported weak sales
on Thursday, prompting the maker of packaged foods to write down
the value of several business units by more than $1 billion and
drop its full-year forecast as it struggles to lure back
Shares fell to a record low as the Chicago-based company
marked a 12th straight quarter of lackluster sales.
Kraft Heinz, which counts billionaire Warren Buffett as its
largest investor, has been battered by competition from
private-label brands, changing consumer tastes and lower
investment in its brands due to heavy cost-cutting under leaders
installed by Brazilian private equity firm 3G Capital.