Edition:
United Kingdom

Uday Sampath Kumar

Kraft Heinz hires global brand expert Patricio as CEO

22 Apr 2019

Kraft Heinz Co named Miguel Patricio as its next chief executive on Monday, hoping the 30-year marketing veteran will revitalize brands such as Planters nuts and Oscar Mayer bacon at one of the world's largest packaged food companies.

Senate leader calls for raising minimum age to buy tobacco products to 21

18 Apr 2019

U.S. Senate Majority leader Mitch McConnell said on Thursday he plans to introduce legislation to raise the minimum age for buying tobacco products, including vaping devices, to 21 from 18 to curb their "epidemic" use among teens.

UPDATE 2-U.S. Senate leader calls for raising minimum age to buy tobacco products to 21

18 Apr 2019

April 18 U.S. Senate Majority leader Mitch McConnell said on Thursday he plans to introduce legislation to raise the minimum age for buying tobacco products, including vaping devices, to 21 from 18 to curb their "epidemic" use among teens.

Best Buy replaces turnaround chief Joly with longtime CFO

15 Apr 2019

Best Buy Co Inc on Monday named Chief Financial Officer Corie Barry as the company's chief executive officer, the first woman to lead the consumer electronics retailer in its 53-year history. | Video

Kellogg agrees $1.3 billion cookie sale with Nutella-maker Ferrero

01 Apr 2019

MILAN U.S. food group Kellogg Co has agreed to sell its Keebler biscuits brand and other assets to Nutella maker Ferrero for $1.3 billion (992.59 million pounds) as it focuses on its core cereals and snacks businesses.

Lululemon soars on menswear, online push; inches into Nike turf

28 Mar 2019

Shares of yoga-pants specialists Lululemon Athletica Inc rose 15 percent on Thursday, with several Wall Street analysts raising their price targets for the company after a blockbuster fourth quarter.

Nike's North America sales fail to impress, shares slip

21 Mar 2019

Nike Inc reported quarterly revenue that failed to beat Wall Street estimates for the first time in over a year, as sales fell short of expectations in its biggest market of North America, sending its shares tumbling 5 percent on Thursday.

Levi Strauss valued at $6.6 billion as IPO prices above target

21 Mar 2019

Levi Strauss & Co fetched a higher price than expected in its initial public offering (IPO) on Wednesday, selling $623.3 million (471.8 million pounds) in shares as the U.S. jeans maker looks to return to the stock market after 34 years as a family-owned company. | Video

UPDATE 4-Higher store investments to hit Dollar General profit, shares fall 10 pct

14 Mar 2019

March 14 Dollar General Corp will plough back a part of its 2019 profit to revamp its supply chain and add self-checkout lanes at its stores as it competes with online grocers and U.S. chains Walmart Inc and Kroger Co .

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