Mission Foods Mexico investing in tortilla plant

MERIDA, MEXICO — Mission Foods Mexico, a subsidiary of Gruma SAB de CV, said it plans to invest 1.5 billion pesos ($87.5 million) over the next six to eight years to build a production plant in Hunucma, Yucatan, in Mexico. Mission Foods said it will make tortillas, toast and packaged snacks at the facility. The […]

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Adidas slumps as weak profit forecast follows currency hit

By Bloomberg Published Feb 1, 2024 Adidas AG slumped after the German sports apparel maker said negative currency movements mean its profit this year will be less than half of what analysts were expecting. Reuters Operating profit should be around €500 million ($542 million) in 2024, Adidas said late Wednesday. That’s below the average analyst […]

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L’Occitane still driven by booming Sol de Janeiro in first nine months of fiscal 2023-24

Translated by Nicola Mira Published Feb 1, 2024 Cosmetics group L’Occitane, whose brand portfolio includes among others L’Occitane en Provence, Melvita and Sol de Janeiro, recorded sales worth €1.9 billion in the first nine months of its non-standard 2023-24 fiscal year, closed on December 3 2023. The result was equivalent to an 18.9% increase (and […]

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Nestle makes additional layoffs in Ohio

SOLON, OHIO — Nestle USA said it plans to lay off 216 employees from its facility in Solon. The company cited the need to optimize its business as the reason for the layoffs. The affected employees will be leaving the company in May. This is not the first time that Nestle has laid off employees […]

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Beauty and accessories brand Misbu to enter North Indian market with Gurugram store

Tata Group’s Gen Z focused beauty and accessories brand Misbu plans to enter the North Indian brick-and-mortar market by opening a 2,500 square foot outlet in Gurugram. The store will enable the brand to connect with new customers who can try out its products in person.  A look from Misbu’s new ‘Brand New You’ campaign […]

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