Coca-Cola: Reports Continued Strong Results in Q3-2019
Atlanta / GA. (ccc) The Coca-Cola Company continued to execute on its key strategies in the third quarter, with strong revenue growth and value share gains globally. Reported net revenues grew 8 percent and organic revenues (non-GAAP) grew 5 percent, driven by innovation, revenue...
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Nestle S.A.: reports nine-month sales for 2019
Vevey / CH. (nsa) Swiss Nestle S.A. announced its financial results for the nine-months 2019. Highlights: Organic growth of 3.7 percent, with real internal growth (RIG) of 3.0 percent and pricing of 0.7 percent. Growth was supported by strong momentum in the United States and Purina PetCare. Total...
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AAK: Further Increases Shares in Indian JV
Malmo / SE. (aak) Swedish AAK Group (former AarhusKarlshamn AB) has acquired an additional five percent of the shares of AAK Kamani, the joint venture between AAK and Kamani Oil Industries Pvt Limited that was formed in September 2015. AAK now owns 69 percent of AAK Kamani. The...
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Wendy’s Company: Investor Day 2019 set targets
Dublin / OH. (twc) The Wendy’s Company held its Investor Day earlier today, during which the Company provided an overview of its long-term strategic vision, including additional details regarding its plans to launch breakfast across the U.S. system in 2020, as well as an update on its...
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Campbell: Completes Sale of European Chips Business
Camden / NJ. (csc) Campbell Soup Company announced it has completed the sale of its European Chips Business to Valeo Foods, a portfolio company of CapVest Partners LLP, for approximately GBP 66 million (approximately USD 80 million based on current exchange rates). The Campbell...
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VMG Partners: Announces Acquisition of «Popchips»
Los Angeles / CA. (vmg) VMG Partners, a private equity firm specializing in building iconic consumer brands in the food and beverage, personal care and beauty, pet food and wellness categories, announced today the debut of a new branded snacking platform, Velocity Snack Brands (VSB)...
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Domino’s Pizza: Announces Q3-2019 Financial Results
Ann Arbor / MG. (dp) Domino’s Pizza Inc., the largest pizza company in the world based on global retail sales, announced results for the third quarter, comprised of growth in global retail sales and earnings per share. Global retail sales increased 5.8 percent in the third quarter, or 7.5 percent without...
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Aryzta AG: Underlying Ebitda stabilized in FY-2019
Zurich / CH. (aag) Swiss-Irish Aryzta AG announced its financial results for the year ended 31 July (FY-2019). Project Renew is progressing well and delivered EUR 26 million savings in FY-2019, which equates to annualised run-rate savings of EUR 40 million, the company said in its statement...
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Aryzta AG: sells majority of its Picard stake to IGZ
Zurich / CH. (aag) Swiss-Irish Aryzta AG announced that it has received a binding offer from Invest Group Zouari (IGZ) to sell the majority of its interest in Picard. Transaction highlights: Consideration for the 43 percent stake of EUR 156 million which, combined with prior Picard dividend income of...
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Cerealto Siro: sells Paterna factory to Grupo Bimbo
Madrid / ES. (csf) Cerealto Siro Foods has reached a sale agreement for the factory of Paterna (Valencia) with Bakery Iberian Investments SL, subsidiary of Mexico’s Grupo Bimbo. The operation is subject to the approval of Spain’s National Commission of Markets and Competition (CNMC)...
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