United States

The chief executive of Switzerland-based chocolate company Lindt & Sprüngli has announced that the firm is determined to remain independent and would even reject a takeover bid... 2008-04-16

Swiss food and drink giant Nestlé has agreed to sell its shares in US eyecare firm Alcon to multinational pharmaceutical company Novartis for US$39bn. This massive sale gives the... 2008-04-08

France-based drinks group Pernod Ricard will acquire Absolut vodka maker Vin & Spirit after seeing off competition from US-based Fortune Brands and Bermuda-based Bacardi. As predicted... 2008-04-02

UK-based retailer Tesco has announced it will pause the expansion of its US convenience store business Fresh & Easy. The revelation was leaked out on a blog by Fresh & Easy's... 2008-04-01

Brazil's largest retailer Companhia Brasileira de Distribuição (CBD) has reported a 7.4% increase in net sales and a 15.7% increase in earnings before interest, tax, depreciation... 2008-03-31

Sources close to the auction of Sweden's state-owned Vin & Spirit, the maker of the world's second best-selling vodka brand Absolut, have suggested that four bidders have submitted... 2008-03-28

Coca-Cola has removed the controversial sweetener sodium cyclamate from the Mexican version of Coke Zero after a campaign from consumer groups conducted via the internet. Coca-Cola... 2008-03-20

A class action lawsuit has been filed in Los Angeles which accuses Dannon, the North American unit of French food and drink firm Danone, of misleading customers about the health benefits... 2008-03-18

UK based confectionery and beverage firm Cadbury-Schweppes has announced that the planned demerger of its US beverages operations will go ahead in May. The firm has revealed that... 2008-03-12

Global retail giant Wal-Mart has teamed up with humanitarian organisation Mercy Corps to launch a venture that both insist will benefit poor Guatemalan farmers. Wal-Mart has committed... 2008-03-12