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 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 Register LONDON, May 27 (Reuters) – The US baby … 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 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

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 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

Makers of basic necessities face ‘tradeoff’ supplying Russia with cookies, soap

Customers at the Edeka grocery store buy pasta, as the spread of coronavirus disease (COVID-19) continues in Duesseldorf, Germany, April 29, 2020. REUTERS / Wolfgang Rattay Register now for FREE unlimited access to Register NEW YORK / LONDON, March 9 (Reuters) – Makers of everyday staples from Pampers diapers to Dove soap are walking … Read more

McDonald’s, Starbucks, Coke and Pepsi all halt sales in Russia

Iconic American companies make a statement Shell to withdraw entirely from Russia Nickel trading halted in London after price surge Volkswagen stops taking orders for plug-in vehicles NEW YORK, March 8 (Reuters) – McDonald’s, PepsiCo, Coca-Cola and Starbucks stopped sales of their best-known products in Russia on Tuesday, offering a united rebuke of the war … Read more