Welcome to the Latest News: Castillo Hermanos, a prominent business conglomerate from Guatemala, has recently announced its acquisition of Harvest Hill Beverage Company, the maker of popular drinks such as SunnyD, Juicy Juice, and Little Hug. The purchase was made…
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The CEO of Jack Daniel’s maker Brown-Forman has stated that the decision by Canadian retailers to remove U.S. alcohol from shelves in protest of President Donald Trump’s trade policies is more financially damaging to the company than the actual tariffs.…
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Dive Brief: Since taking over Hain two years ago, Davidson has focused on stabilizing the struggling parts of the company’s portfolio to prepare them for growth or a potential sale. Dive Insight: It’s not surprising to see Hain exploring options…
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Diageo, the parent company of Guinness, is anticipating a potential $200 million impact on its operating profits in the upcoming financial quarter starting in March if tariffs on the U.S. and Mexico are imposed next month. During an earnings call…
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Key Points: Brown-Forman, the owner of Jack Daniel’s, is laying off 640 workers and closing its bourbon cooperage in Louisville, Kentucky. The company will now source bourbon barrels from an external supplier to cut costs and streamline its structure. The…
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Flowers Foods Acquires Simple Mills in $795 Million Deal Flowers Foods, known for its iconic Wonder bread, has announced the acquisition of better-for-you snacks maker Simple Mills for a whopping $795 million. This strategic move is set to enhance Flowers…