Prime Highlights: Hilton Foods has formed a long-term joint venture with The National Agricultural Development Company (NADEC) to expand meat production in Saudi Arabia. Hilton Foods will hold a 49%…
Mondelez International, the owner of Oreo cookies, launched a preliminary takeover offer for Hershey. The deal will make one of the largest foods and beverage companies worldwide. It is the…
McDonald's is to introduce a new McValue menu in 2025 in a bid to keep customers as food prices skyrocket. The fast-food chain intends to maintain its $5 value meal,…
The recent ransomware attack one of the company's vendors in software leaves the Starbucks employees unable to access their employee platform, hence facing scheduling challenges. The outage, starting over the…
Yum Brands Inc said it has missed the analysts' expectations for third-quarter earnings and revenue, whose downward trend is largely because of same-store sales falling at KFC and Pizza Hut.…
Starbucks is in serious trouble regarding a challenging market environment in China, as the same-store sales for that region decreased 14% during the fourth quarter of 2024. According to many…
Starbucks announced on Wednesday that it will eliminate the surcharge for dairy substitutes, resulting in savings of more than 10% on beverages for some U.S. customers. The company also stated…
Coca-Cola Company reported solid quarterly earnings on Wednesday by beating estimates, for the most part since price increases offset weakening consumer demand. Still, the company shares fell 2% during morning…
PepsiCo Inc. disclosed its official acquisition of Mexican American food maker Siete Foods for $1.2 billion in cash. The all-cash deal is described as the biggest food-related acquisition the company has…
Nestlé has committed €30 million (approximately $32.97 million) to upgrade its cereal beverages production line at the Avanca factory in Portugal, the only facility of its kind in Europe. This…
