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Nestlé upgrades its R&D center in Singapore

The Nestlé Group is upgrading its research and development (R&D) center in Singapore, which is celebrating its 40th anniversary this year. Laboratory facilities, demonstration kitchens, sensory testing areas, and the group’s basic research center will be included in the new facility. The amount of the investment was not disclosed. “The modernization of the
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Walmart beats expectations, raises forecast

The U.S. retailer Walmart raised its same-store sales forecast after beating analysts’ estimates thanks to back-to-school spending after more than a year of distance learning. According to IBES data from Refinitiv, sales excluding fuel at the group’s U.S. stores open at least a year rose 5.2% in the second quarter, beating analysts’ expectations by 3.69
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Unilever: first-half profit down

Unilever announced a 5% decline in first-half profit to 3.1 billion euros ($3.65 billion), which was partly driven by foreign exchange losses. Sales rose by a mere 0.3% to 25.8 billion euros (30 billion dollars), largely because of a negative currency effect. According to the group, sales would have been much higher with a constant […]