PepsiCo has announced its acquisition of Poppi, a rapidly growing prebiotic soda brand, for $1.95 billion. This strategic move aims to strengthen …
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Business
Stoli Group USA Files for Bankruptcy Amid Declining Spirit Sales
by Sonia Parkby Sonia ParkStoli Group USA, the American distributor of the iconic Stoli vodka brand, has filed for Chapter 11 bankruptcy, citing ongoing financial challenges. …
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Business
Campbell’s Drops “Soup” from Name, Reflecting Shift in Consumer Tastes
by Sonia Parkby Sonia ParkIn a historic move that reflects changing consumer preferences, the iconic Campbell Soup Company announces plans to rebrand itself as The Campbell’s …
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Business
McDonald’s Misses Q2 Estimates as Consumers Pull Back on Spending
by Sonia Parkby Sonia ParkMcDonald’s reports a disappointing second-quarter earnings result, revealing that its revenue fell short of expectations. The fast-food giant recorded just under $6.5 …
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In a move that signifies the end of an era for movie rentals, Redbox is officially going out of business. For over …