Price hikes

Jul 29, 2024 | finimize.com | Price hikes

What’s going on here? Colgate Palmolive India saw its first-quarter profit rise by a remarkable 33%, driven by price hikes and steady domestic demand. What does this mean? Colgate Palmolive India’s ability to strategically raise prices allowed it to counter the rising costs of raw materials, boosting its net profit to 3.64 billion rupees ($43.5 million) from 2.74 billion rupees a year ago.

May 23, 2024 | esmmagazine.com | Price hikes

Frostkrone Food Group is turning heads at this year’s PLMA, in Amsterdam, with a delectable range of innovative finger foods and snacks. Among the highlights are the newly unveiled Cheese Burger Balls, carefully selected from a pool of submissions to secure a prime spot at PLMA’s New Product Expo. The bite-size concept has been a hit, offering the authentic taste of classics in a trendy finger food format.

May 22, 2024 | esmmagazine.com | Dayeeta Das |Price hikes

Skincare giant Beiersdorf has entered into a multi-year partnership with Rubedo Life Science to develop an anti-ageing solution for the global face care market. The partnership will see Beiersdorf leverage Rubedo’s expertise in targeting cellular senescence – the process of cell ageing, the company added. “Our mission is to define the future of skin care through breakthrough innovation,” commented Beiersdorf chief executive Vincent Warnery.

May 20, 2024 | esmmagazine.com | Dayeeta Das |Price hikes

US retailer Walmart is launching its data analytics product suite Walmart Luminate internationally with Walmex in Mexico followed by Walmart Canada later this year. In line with the strategy used in the US, Walmart will launch the platform in phases, starting with the shopper behaviour feature, followed by channel performance and customer perception.

May 16, 2024 | esmmagazine.com | Price hikes

US retail giant Walmart raised its full-year forecast and reported better-than-expected first-quarter results, betting on easing inflation to further boost demand for essentials and bring a rebound in sales of discretionary products like apparel and electronics. The strong performance by the nation's largest retailer could assuage some investors' fears about ebbing US consumer spending.