Nov. 19, 2024
| Today’s news and insights for food industry leaders
The packaged goods giant also plans to fix, rather than sell, the majority of its underperforming businesses, CEO Laurent Freixe told investors and analysts.
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The company, with nearly half a billion in annual sales nationwide, is doubling down on its recent success and the popularity of electrolyte-infused drinks.
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The food giant's $1.1 billion investment marks the third manufacturing location dedicated to the brand.
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Consumers prefer glass packaging but struggle to find it in grocery stores. Brands can leverage this demand by launching their product in glass packaging with O-I.
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