The majority of this week’s most-popular news covered the CPG and retail industries, with the breaking news earlier this week about Ferrero’s $2.8 billion acquisition of Nestle’s US confectionery business taking the most-read spot.
Changes at Walmart also captured readers’ interest, with news about the retail giant’s plan to cut its corporate workforce by 1,000 positions by the beginning of 2019, add cashierless checkout lanes to 100 stores by month's end, and raise wages. The retailer also plans to restructure management roles in stores, removing co-managers and adding assistant managers, according to Bloomberg.
Other popular stories included news about Jack Link’s foray into the chip aisle with its new line of pork rinds, Oreo’s Amazon Cookie Club subscription and Post Holdings combining its private brands businesses into a single segment and considering multiple "creative alternatives" for it, among them a possible sale, an initial public offering, private equity placement or a combination of options.
One foodservice news item made the top 10 this week – McDonald’s decision to stop using foam cups by the end of this year and switch to 100% fiber-based packaging over the next two years, the company said.
Check out this week's full list of the 10 most-clicked food and beverage stories below:
- Ferrero acquires Nestle's US chocolate business for $2.8B
- Walmart plans to cut more than 1,000 corporate positions
- Jack Link's enters chip category with new launch
- Post Holdings to consider sale, IPO or other options for private brands
- Analyst: Another acquisition could make Amazon largest grocer
- Oreo debuts Cookie Club subscription via Amazon
- Boomchickapop, Quest Nutrition among brands issuing new products
- Walmart to raise wages, shutter 63 Sam's Club stores
- Trader Joe's, Amazon, Costco atop grocery choice survey
- McDonald's to stop using foam cups this year
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