Unilever is in talks with McCormick & Company about selling its foods business, in a potential deal that would bring together the British company’s Hellmann’s and Knorr brands with McCormick’s Cholula hot sauce.
Canadian retailer Loblaw on Wednesday missed analysts’ estimates for fourth-quarter revenue, signaling consumers are turning cautious and more discerning in their spending pattern as tariff uncertainty hovers.
General Mills cut its annual core sales and profit forecasts on Tuesday as the Cheerios cereal maker contends with a volatile economic backdrop and evolving consumer tastes.
Prime Minister Mark Carney has earned global admiration for openly declaring the end of a global order based on rules, but he has had far less success addressing a growing and more day-to-day concern at home: the rising cost of food.
Packaged food makers and fast-food restaurants may be forced to overhaul more of their products next year as newly approved, appetite-suppressing GLP-1 pills become available in January, analysts say.
Food prices are 27 per cent higher now than they were in 2020, the new Canada’s Food Price Report shows. Meat prices are particularly to blame for the rise.
Canadian food and beverage makers have begun to feel the pinch of trade tensions with the U.S. according to a new forcast by Farm Credit Canada, which downgraded sales growth predictions from the start of the year.