Cosmetics company Revlon files for bankruptcy protection

A Public Safety officer keeps watching as people stand in front of a billboard owned by Revlon that takes their pictures and displays them in Times Square in the Manhattan borough of New York October 13, 2015. REUTERS / Carlo Allegri Register now for FREE unlimited access to Reuters.com Register June 16 (Reuters) – Revlon … Read more

Analysis: As shortage persists, Reckitt tightens grip on US baby formula market

Cans of Enfamil baby formula, produced by Mead Johnson, on partially empty shelves in a Target store, amid continuing nationwide shortages in infant and toddler formula, in San Diego, California, US, May 25, 2022. REUTERS / Bing Guan Register now for FREE unlimited access to Reuters.com Register LONDON, May 27 (Reuters) – The US baby … Read more

EY evaluating strategic options to improve audit quality

The logo of Ernst & Young is seen in Zurich, Switzerland November 13, 2020. REUTERS / Arnd Wiegmann / Files Register now for FREE unlimited access to Reuters.com Register May 26 (Reuters) – Ernst & Young is evaluating options to improve their audit quality, Chief Executive Carmine Di Sibio said on Thursday in an internal … Read more

Biden invokes Defense Production Act to increase infant formula supply

WASHINGTON, May 18 (Reuters) – President Joe Biden took steps on Wednesday to address the shortage of infant formula in the United States, invoking the Defense Production Act to help manufacturers obtain the ingredients needed to ramp up supply, the White House said. Biden also directed US agencies to use Defense Department commercial aircraft to … Read more

Exclusive: India’s Reliance to acquire dozens of brands in $ 6.5 billion consumer goods play

Customers buy grocery items inside a superstore of Reliance Industries Ltd, in Mumbai, India, October 7, 2020. REUTERS / Niharika Kulkarni / File Photo Register now for FREE unlimited access to Reuters.com Register India retail giant plans big push in consumer goods business Reliance in late-stage talks with 30 brands for deals-source Indian firm is … Read more

Biden administration holds EV industry meeting with Musk, Barra

WASHINGTON, April 6 (Reuters) – The Biden administration said senior officials held a meeting Wednesday with major automotive leaders including Tesla (TSLA.O) Chief Executive Elon Musk and General Motors (GM.N) Chief Executive Mary Barra to discuss electric vehicles and charging. The administration said in a statement “there was broad consensus that charging stations and vehicles … Read more

GSK still plans to list consumer arm in July despite market volatility

A GlaxoSmithKline (GSK) logo is seen at the GSK research center in Stevenage, Britain November 26, 2019. REUTERS / Peter Nicholls Register now for FREE unlimited access to Reuters.com Register Feb 28 (Reuters) – GSK (GSK.L) on Monday stood by plans to float its consumer healthcare business on the stock market in July, despite market … Read more

Nestle to suspend many products in Russia including KitKat

LONDON, March 23 (Reuters) – 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. Nestle shares were down 1.3% at 1236 … Read more

Analysis: Western companies wrestle with Russia ‘half-exits’

March 18 (Reuters) – Western companies that maintain a presence in Russia to provide essential goods such as food and medicines are trying to strike a balance between President Vladimir Putin’s government and advocates of Ukraine pulling them in opposite directions. More than 400 companies have withdrawn from Russia since the launch of its attack … Read more

Nestle, tobacco groups latest companies to pull back from Russia

March 9 (Reuters) – Nestle (NESN.S), Philip Morris (PM.N) and Imperial Brands (IMB.L) joined the list of multinationals stepping back from Russia on Wednesday as pressure mounts from consumers in the West to take a stand against the invasion of Ukraine. The world’s biggest packaged food group fell into line with rivals Procter & Gamble … Read more