Banks vie to finance Reckitt's home care asset sale | Lakeside Foods debuts frozen appetizers, canned beans | Hormel Foods CEO James Snee to retire at end of fiscal 2025
Banks are vying to provide debt financing for the potential sale of Reckitt Benckiser's home care assets, which could potentially bring in more than $7.3 billion. Morgan Stanley is advising Reckitt and offering staple financing to potential buyers.
Lakeside Foods is debuting a line of frozen appetizers -- for foodservice distribution and private-label retail stores -- designed to crisp in air fryers and ovens, featuring breaded green beans, pickles and Wisconsin white cheddar cheese curds. The company also has introduced canned organic garbanzo and black beans with Himalayan pink salt.
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Volume was stronger and prices remained steady in the nonalcoholic beverage space in the two weeks that ended Dec. 28, according to NielsenIQ data reporting on sales trends for carbonated soft drinks, energy drinks, bottled water, sports drinks, sparkling flavored water, ready-to-drink coffee and coconut water. Carbonated soft drinks saw a 7.3% sales increase, while energy drinks rose by 6.8%, according to the report.
Consumer Brands recently released the findings of a poll we commissioned, conducted by Morning Consult, that shows voters support a more targeted approach that exempts ingredients and inputs that aren't readily available in the U.S. but are needed by domestic manufacturers. This approach could help the Trump administration achieve its core policy objectives of countering China and dealing with issues like border security, without the negative impact of tariffs contributing to inflation at the grocery store. Learn more.
Looking for actionable tariff and tax insights that can help your CPG company stay ahead in this rapidly evolving trade environment? Join us for a deeper-dive look at the Trump administration's proposed tariffs and tax reforms. Industry experts will discuss how tariffs could affect supply chains, input costs, and consumer prices, as well as new investment opportunities presented by potential tax reforms. Register here.
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Kimberly-Clark spread its $1.1 billion media account among four major holding companies, culminating in an agency review prompted by its "Powering Care" strategy. Interpublic Group will handle glo