Richa Naidu

Danone Trims Product Range As Shoppers Balk At High Prices

French food giant and the world's biggest yoghurt maker Danone is cutting the variety of products its sells, a top executive said, adapting to changing consumer shopping habits in Europe and beyond as inflation bites into household spending.

Imperial Brands Says No 'Buyback' Clause In Russia Exit

Imperial Brands said on Tuesday the terms of its recent agreement to exit Russia did not include a clause allowing it to buy back its business there in future, as Western companies rush to leave the country following its invasion of Ukraine.

Unilever Warns Of More Price Hikes As Cost Pressures Build

Unilever raised prices by over 8% in the first quarter and warned more hikes were on the way as the maker of Dove soap and Ben & Jerry's ice cream lifted its cost inflation forecast for the second half of the year due to the Ukraine conflict.

Nestle To Suspend 'Vast Majority' Of Sales In Russia

Nestle is to halt the sale of a wide range of brands in Russia, including KitKat chocolate bars and Nesquik, amid Ukrainian President Volodymyr Zelenskiy's criticism of the world's biggest food company for its continued presence in the country.

Nestle To Suspend Many Products In Russia Including KitKat

Nestle said on Wednesday it will halt the sale of several non-essential products including KitKat candy bars and Nesquik chocolate mix in Russia, in an unprecedented move amid pressure on the world's top consumer goods company after criticism from Ukrainian President Volodymyr Zelenskiy.