Hispanic Consumer Spending Slowdown Rattles Major Food and Beverage Brands
Major consumer brands report significant sales declines as Hispanic shoppers reduce grocery spending amid rising unemployment and immigration concerns. Companies like Constellation Brands, Coca-Cola, and Colgate-Palmolive are adapting strategies to reconnect with this crucial consumer segment commanding $3.6 trillion in economic power.
PepsiCo Expands Health Beverage Portfolio with $1.95B Poppi Acquisition
PepsiCo has acquired prebiotic soda maker Poppi for $1.95 billion, marking a strategic expansion into functional beverages. The deal comes as Poppi faces legal challenges over health claims, though investor confidence remains high with PepsiCo shares rising 2% following the announcement.
Campbell's Historic Rebrand Drops 'Soup' to Reflect Diverse Portfolio
The Campbell Soup Company has officially changed its name to 'The Campbell's Company' in a landmark decision reflecting its evolution beyond soup products. This strategic rebranding acknowledges the company's expanded portfolio, which includes popular brands like Goldfish, Pepperidge Farm, and Snyder's of Hanover.