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Coca-Cola to appeal $6bn US Tax Court decision amid ongoing IRS dispute

The Coca-Cola Company has announced that it will appeal a US Tax Court decision that determined it owes $2.7bn in federal income taxes.

Business

Campbell explores strategic alternatives for Noosa yogurt brand

Campbell Soup Company has confirmed plans to divest its Noosa yogurt business, which it acquired in its recent purchase of Sovos Brands.

Mergers & Acquisitions

Hain Celestial streamlines operations and trims portfolio to bolster financial health

The Hain Celestial Group has unveiled a series of strategic measures aimed at advancing the 'Focus' pillar of its Hain Reimagined business strategy.

Health

Coca-Cola reports revenue growth in Q4 and FY23 results

The Coca-Cola Company has published its fourth quarter and full year 2023 results, reporting 7% net revenue growth for Q4 and 6% for the FY.

Finance

PepsiCo posts quarterly revenue decline for first time in nearly four years

PepsiCo's quarterly net revenue fell 0.5% to $27.85 billion, with organic revenue growth of 4.5%, this is the first drop in 14 quarters.

Beverage

Research: European consumers embrace private labels amid rising living costs

A study by packaging company Amcor has revealed a consumer trend in Europe: consumers are opting for private label goods amid the cost of living crisis.

Finance

Costa Group agrees to AUD 1.5bn takeover offer - Reuters

According to Reuters, Costa Group has agreed to a takeover by private equity firm Paine Schwartz Partners, in a deal valuing AUD 1.50bn (approx. $962.6m).

Finance