American consumers are up in arms about rising food prices and they will likely feel more of a financial pinch, courtesy of California's drought.» Read More
Dec 31- Revlon Inc said it would exit China, where sales of its cosmetics have been falling, and cut more than 1,000 jobs as part of a restructuring designed to save about $11 million a year. Revlon, owner of the Almay cosmetics brand and Sinful Colors nail polish, said in a filing that its Chinese operations accounted for about 2 percent of total net sales.
Dec 31- Cosmetics maker Revlon Inc, known for its Almay and Sinful Colors brands, said it would exit its China operations as part of a restructuring that would save about $11 million annually. Sales from China, which had declined in 2012, accounted for about 2 percent of Revlon's total net sales.
*Eyes expansion in Singapore, Hong Kong, Australia and Nordics. LONDON, Dec 31- With revellers raising a glass of bubbly to the new year, England's tiny sparkling wine industry is set for a lift in 2014 as established brands step up export plans and newcomers join the party.
India has approved a $110 million investment plan by Tesco, paving the way for the British retailer to venture into Asia's third-largest economy.
NEW DELHI/ MUMBAI, Dec 30- India's foreign investment regulator has approved a $110 million investment plan by Tesco, formally paving the way for the British retailer to venture into Asia's third-largest economy.
"This confirms that PED is in the nation's hog herd, which was not shown nor implied in their previous report," Rich Nelson, chief strategist at Allendale Inc, said after seeing USDA's lower hog numbers on Friday. The U.S. Department of Agriculture on Friday reported the U.S. hog herd as of Dec. 1 at 99 percent of a year ago, or 65.940 million head.
Dec 27- Private equity firm Brynwood Partners said it will sell its stake in DeMet's Candy Company, the U.S. maker of Flipz chocolate pretzels and Turtles covered nut clusters, to Turkey's Yildiz Holdings for $221 million.
LJUBLJANA, Dec 26- A decade ago, with Slovenia cruising towards membership of the European Union, a local brewery called Union caught the eye of Belgian beer giant Interbrew. Union and its larger rival, Lasko, are national treasures in Slovenia, a question of allegiance that divides beer drinkers the same way soccer splits Manchester between City and United.
*Brazil is bright spot for Carrefour, but competition strong. *Brazil business estimated to be worth 7- 9 bln euros. With its core French business on the mend, Carrefour chief executive Georges Plassat has said he wants to speed up expansion in the fast-growing emerging markets of Brazil and China, but has yet to say how.
SANTIAGO, Dec 23- Chile's largest beer brewer Compania Cervecerias Unidas said it was entering the Paraguayan market via the purchase of stakes in a drinks company and a distributor.
MADRID, Dec 23- Mexican frozen food company Sigma and Shuanghui International Holdings of China have signed an agreement to share ownership of Spanish meat processor Campofrio, cooling hopes of a bidding war.
WASHINGTON, Dec 20- U.S. poultry producers have dramatically reduced the presence of harmful bacteria in poultry meat, a trade group said on Friday in defending the food safety record of the industry. "The numbers tell us we're making tremendous progress," the National Chicken Council said in a statement that described poultry as overwhelmingly safe to eat.
MUMBAI, Dec 20- A regional court in India on Friday ordered the annulment of the sale of United Spirits to British spirits group Diageo, dealing a further blow to a transaction beset by complications, though Diageo said it would appeal the decision.
WASHINGTON, Dec 20- Cars, cosmetics, information technology and medicines are among the industries earmarked for potential gains in trade talks between the European Union and the United States, negotiators said on Friday.
LONDON, Dec 20- Altria Group and Philip Morris International, the makers of Marlboro cigarettes in the United States and internationally, are teaming up to market electronic cigarettes and other "reduced risk" tobacco products.
Dec 20- Walgreen Co, the largest U.S. drugstore operator, reported higher quarterly sales on Friday, but an increase in promotions and a slowdown in the introduction of higher-profit generic drugs cut into its gross profit margin. Wasson said the business environment was challenging and said Walgreen would focus on containing costs to protect margins.
Dec 20- Walgreen Co, the largest U.S. drugstore operator, reported higher first-quarter sales but said an increase in promotions and a slowdown in the introduction of higher-profit generic drugs cut into the gross profit margin.
INDORE, India Dec 20- India is likely to import a record 4 million tonnes of refined palm oil in 2013/ 14 as export taxes in key supplier Indonesia make it cheaper than the crude variety, an executive at India's top edible oil buyer said.
Dec 19- Rite Aid Corp, the third-largest U.S. drugstore chain, cut its full-year profit forecast, mainly due to Medicare reimbursement cuts and higher cost of some generic drugs, sending the company's shares down as much as 11 percent. Rite Aid cut its full-year profit forecast to 17- 23 cents per share from 18- 27 cents per share.
MUMBAI, Dec 19- It took months of arm-twisting and assurances from New Delhi to persuade British retailer Tesco Plc to take the plunge and become the first foreign player to set up a chain of supermarkets in India.