Retail & Consumer
LATEST NEWS FROM RETAIL & CONSUMER
Retail & Consumer
JBS seeks full control of Pilgrim's Pride
Brazil's JBS , the world's largest meatpacker, on Tuesday proposed acquiring the remaining shares of Pilgrim's Pride PPC.O, seeking full control of the U.S. poultry producer.
Retail & Consumer
Home Depot tops second-quarter estimates on steady repair demand
Home Depot beat Wall Street estimates for second-quarter sales and profit on Tuesday, as resilient demand for smaller repair-and-maintenance projects helped offset a sluggish U.S....
Retail & Consumer
German investor morale improves more than expected in August, ZEW finds
German investor morale rose more than expected to 34.2 points in August, the ZEW economic research institute said on Tuesday, as positive quarterly results and export orders help...
Retail & Consumer
UK grocery inflation eases further, says Worldpanel
British grocery price inflation eased to its lowest level since October 2024 in August, market researcher Worldpanel by Numerator said on Tuesday, offering more respite to househo...
Retail & Consumer
Russian company asks Putin to place Nestle assets under temporary administration, Kommersant reports
A little-known Russian company has asked President Vladimir Putin to place the Russian assets of Swiss food group Nestle under temporary administration, the Kommersant newspaper r...
Retail & Consumer
Serve Robotics partners with Grubhub in robot delivery expansion push
Serve Robotics said on Monday it is partnering with Grubhub to fulfill orders on the food delivery platform using its sidewalk delivery robots, tapping a new marketplace days afte...
Retail & Consumer
Apple to change app data consent rules, German regulator says
Apple will change rules governing how app developers can use personal data for targeted advertising on iPhones and iPads, Germany's competition authority said on Monday, closing ...
Retail & Consumer
German drone maker Helsing enlists Rakuten to broker Japan military deal
German drone maker Helsing has enlisted Japanese e-commerce and finance firm Rakuten to help finalise a deal to sell its unmanned systems to Japan's army, a spokesperson for Raku...
Retail & Consumer
From coffee to hotpot, brands race to grab a bite of China's growing burger market
Burgers are having a moment in China, with budget-conscious diners and smaller households turning the humble sandwich into one of the country's hottest fast-food battlegrounds.
Retail & Consumer
New Zealand's a2 Milk full-year profit falls 44% on weaker China-label IMF sales
New Zealand's a2 Milk reported a 44% drop in its full-year profit on Monday as customers switched to other brands after supply chain disruptions left its key China-label infant m...
Retail & Consumer
France's Lactalis buys Saputo's British dairy unit in $1.34 billion deal
French dairy giant Lactalis reached an agreement to buy Canadian rival Saputo's unit in Britain in a deal valuing the business at 988 million pounds ($1.34 billion), the compan...
Retail & Consumer
Apple trains its own AI model for China market with Alibaba's support, sources say
The AI model was developed specifically for the Chinese market in partnership with the Alibaba Group, a departure from the iPhone maker's strategy of relying on third-party models ...
Retail & Consumer
Singapore's Olam posts sixfold jump in first-half profit, declares special dividend
Singapore's Olam Group reported a nearly sixfold jump in first-half profit on Friday, boosted by gains from asset sales and a revaluation linked to its ongoing restructuring pro...
Retail & Consumer
Tyson Foods will close or sell three US beef facilities as industry struggles
Tyson Foods said on Thursday it will close or sell three of its beef plant and packaging operation sites, further shrinking its beef footprint as a historic U.S. cattle shortage d...
Retail & Consumer
Thai Beverage logs rise in nine-month profit over lower costs, brand spending
Singapore-listed Thai Beverage (ThaiBev) posted a 7.2% rise in nine-month operating earnings on Thursday, helped by growth across all businesses on the back of effective brand in...
Retail & Consumer
UK's Frasers snaps up Harvey Nichols, warns of tough turnaround choices
British retail tycoon Mike Ashley's Frasers bought Harvey Nichols out of administration on Thursday, helping keep the struggling luxury department chain's stores open but noting t...
Retail & Consumer
Porsche plans to discontinue Taycan production by 2030, WirtschaftsWoche reports
Porsche AG plans to discontinue production of its electric model Taycan by 2030, WirtschaftsWoche cited sources as saying on Thursday.
Retail & Consumer
Tapestry forecasts weak annual sales amid Kate Spade struggles, shares fall
Tapestry forecast sluggish growth in annual revenue on Thursday, overshadowing its better-than-expected quarterly profit, as persistent struggles at Kate Spade raise concerns abo...
Retail & Consumer