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Tag: maker

Snack-maker Kind takes its bars to refrigerators and freezers

Snack-maker Kind is branching out even further from its signature nut bars. By midyear, frozen and refrigerated bars, chocolate bark and snack mixes from Kind will be in grocery stores. The company already sells fruit bites and grain clusters in addition to granola and nut bars. Kind’s expansion comes as consumers turn their focus to …

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Aluminum foil maker Reynolds leans on innovation to drive sales growth

Monica Schipper | Getty Images Reynolds Consumer Products is best known for its aluminum foil and Hefty trash bags, but that could soon change. The company’s net sales in 2018 were $3.1 billion. More than a fifth of that revenue came from products that are less than three years old. CEO Lance Mitchell said that the …

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Oreo maker Mondelez says coronavirus could hurt sales in first quarter

Mondelez CEO Dirk Van de Put said on Thursday that he expects first-quarter revenue to be affected by the spread of the coronavirus, which has killed at least 171 people in China and infected more than 8,200 since emerging less than a month ago. The company has already closed two factories near the epicenter of …

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Guitar maker Fender fined £4.5m for price fixing in UK | Business

The guitar maker Fender has been fined £4.5m for price fixing by the UK’s competition watchdog as part of its clampdown on the musical instrument industry. The Competition and Markets Authority imposed the penalty on Fender Europe for breaking competition law by preventing online discounting for its guitars. It is the biggest fine issued in …

Guitar maker Fender fined £4.5m for price fixing in UK | BusinessRead More

Corona-maker Constellation pumps $40 million into seltzer launch

Constellation Brands CEO Bill Newlands told CNBC Wednesday the company is committing big dollars to launch a line of Corona hard seltzers, an alcoholic beverage category that is a growing favorite among millennials. The spirits company, whose portfolio includes Corona Extra, Modelo Especial and Svedka Vodka, plans on spending more than $40 million in marketing …

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Digital is the difference maker in Target, Kohl’s results

Tariffs on Chinese imports are not the biggest weight on the retail cohort, according to CNBC’s Jim Cramer. Retailers must win in the current environment by either having a strong online presence or offering discount prices, he told “Mad Money” viewers Wednesday. “If you’re not offering a great digital experience or nearly unbeatable bargains … …

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