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☆ Consumer giants from Starbucks to General Mills have one big sales problem: China
▼ + stars: | 2024-08-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Nurphoto | Nurphoto | Getty ImagesBEIJING — A theme emerging in the latest slew of U.S. companies' earnings reports is a drag from the China market. "Consumer sentiment in China is quite weak," McDonald's chairman, CEO and director Christopher Kempczinski, said of the quarter ended June 30. Apple said Greater China sales fell by 6.5% year-on-year in the quarter ended June 29. Procter and Gamble said China sales for the quarter ending late June fell by 9%. The only public disclosures regarding Peet's China business described it as "strong double-digit organic sales growth" in the first half of the year.

Persons: —, Christopher Kempczinski, McDonald's, Lei Meng, Apple, Johnson, that's, General Mills, Kofi Bruce, Mills, Andre Schulten, Procter, Gamble, Schulten, Marriott's, Domino's, DPC Dash, There's, James Quincey, Quincey, We've, Laxman Narasimhan, Luckin Organizations: Nurphoto, Getty, BEIJING, U.S, Nationwide, UBS Securities, General, Procter, Marriott, Asia Pacific, Starbucks Locations: Yichang, Hubei province, China, U.S, Canada, Greater China, Southeast Asia, Japan, South Korea, Asia, Peet's

☆ I had nightmares and started drinking heavily because I was so burned out at work. Quitting was the only way out.
▼ + stars: | 2024-05-30 | by ( Jamie Killin | ) www.businessinsider.com time to read: +8 min

Harley Davidson was my first opportunity to work on the client side of marketing, not the agency side. AdvertisementThis pattern became more unhealthy at Harley Davidson. He was telling me, "You're going to be the president of Harley Davidson. Shortly after, I started drinking heavily to cope with the stress and help myself fall asleep. AdvertisementI quit Harley Davidson in September 2016, and I stopped having nightmares.

Persons: —, Shelley Paxton, Hagen Dazs, I'd, Harley Davidson, wouldn't, You've, Harley, I've Organizations: Service, Business, Boston College, AOL, Visa, Global Integrated Marketing, Omnicom Media Locations: Minneapolis, East, Boston, Chicago, Europe, Istanbul, United States, Shanghai, France, New Zealand, Canada, Italy

☆ Cold Stone Creamery is being sued because its pistachio ice cream has no pistachios in it
▼ + stars: | 2024-05-10 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Cold Stone Creamery is facing legal action over 'pistachio' ice cream that contains no pistachios. AdvertisementThe parent company of Cold Stone Creamery is facing legal action after a New York woman ordered "pistachio" ice cream only to discover that it didn't contain pistachios. It all started when the plaintiff visited a Cold Stone Creamery in Levittown, Long Island, in July 2022, ordering what she believed was a pistachio ice cream. The plaintiff's lawyers argued that had she been aware of this, she wouldn't have bought the ice cream. Related storiesIn the ruling, the plaintiff compared Cold Stone Creamy's pistachio ice cream to offerings from Häagen-Dazs and Ben and Jerry's, both of which contained real pistachios.

Persons: —, Gary R, Brown, wouldn't, Jerry's, Kahala Brands, Taco, Oren Bitan Organizations: Service, Cold, Eastern, Court, Kahala Brands, Kahala, Business, Taco Bell Locations: New York, York, Brooklyn, Levittown, Long, Häagen

☆ Now Hibernating: Chocolate Chip Ice Cream
▼ + stars: | 2024-02-15 | by ( Matt Richtel | ) www.nytimes.com time to read: +1 min

Her husband, Mark, 68, has long been a fan of chocolate chip, but he doesn’t see it around much anymore. “In the small container.” Then she corrected herself: “Oh, that’s chocolate chocolate chip.”Vanilla chocolate chip ice cream, once a staple of the ice cream world and one of the top sellers of all time, has fallen out of favor. The flavor can still be found (a closer inspection of the Safeway aisle in this university mountain town revealed pints of Baskin Robbins’s chocolate chip), but it has been losing ground to flavors with more stuff, like cookies and cream and chocolate chip cookie dough. Those two flavors are among the nation’s top five best sellers, according to the International Dairy Foods Association, while chocolate chip no longer makes the top 10. “Chocolate chip used to be a flavor we produced constantly,” said Christine Crowley, communications specialist for Babcock Dairy Plant, which has 75 years of ice-cream making under its belt, in Madison, Wis. Chocolate chip hasn’t been a staple for a decade, she said: “Now it’s seasonal.”

Persons: Cherry Garcia, Dr Pepper, Robin Sawyer, Mark, Ms, Sawyer, “, ”, Christine Crowley Organizations: Safeway, International Dairy Foods Association, Babcock Dairy Plant Locations: Baskin, Madison, Wis

☆ Speakeasies, Golf and a Pool: 5 Baseball Parks That Go Beyond Baseball
▼ + stars: | 2023-08-23 | by ( Gerald Narciso | ) www.nytimes.com time to read: +1 min

“Let’s go Mets,” Mr. Thompson, a resident of Manhattan, told the guard. The couple walked into the Cadillac Club to catch a game between the Mets and their crosstown rival Yankees. feel, but you are a little isolated from the normal ballpark,” said Mr. Thompson, who was given the tickets (membership cost: up to $25,000 each per season) through a friend. Hip lounges, inventive culinary offerings and original in-game vantage points are some of the ways M.L.B. teams are elevating the ballpark experience this summer.

Persons: Chad Thompson, Kitty, “ Let’s, ” Mr, Thompson, Starling Marte, ”, “, you’ve Organizations: Citi Field, New York Mets, League Baseball’s, Mets, Cadillac, Yankees Locations: Manhattan

☆ Take a look inside the factory fueling candy giant Mars' $1 billion ice cream ambitions
▼ + stars: | 2023-06-25 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

Mars has also been expanding its portfolio, rolling out new flavors such as M&M's Cookies and Cream Ice Cream Cookie Sandwiches and Twix Cookie Dough Ice Cream. Mars' ice cream goals hinge on the old and the newMars entered the ice cream category in 1986 when it bought Dove, then known just for its ice cream bars before the candy company expanded it into chocolate. "We don't have the biggest ice cream brands, but we do believe we have the biggest brands in ice cream," Shaf Lalani, the U.S. head of Mars Ice Cream, told CNBC. "Mars Inc. ice cream brands face hefty competition, being ranks away from the leading spot in the U.S. ice cream market," said Carl Quash, Euromonitor's head of food and nutrition research. Twix Ice Cream is the fastest-growing product in the company's ice cream portfolio.

Persons: Mars, Anton Vincent, hasn't, General Mills, Bell, Carl, Lalani, — Organizations: Mars, Kind, Kind North America, National Football League, Cream, CNBC, U.S, Euromonitor, Haagen, Unilever, Mars Inc, Tru Locations: Burr Ridge , Illinois, Mars Wrigley North America, U.S, , Illinois, Kind North

LONDON/BERLIN, May 30 (Reuters) - Nestle (NESN.S), the world's biggest packaged food company, said on Tuesday it had hired the London Stock Exchange Group's (LSEG) finance chief Anna Manz as its new chief financial officer. Manz will replace Francois-Xavier Roger, who the company said is stepping down to "pursue new professional challenges" after eight years in the role. Nestle, whose more than 2,000 brands include Kit Kat, Haagen-Dazs and Nescafe, said Manz will join Nestle as soon as she is released from her current duties. "We trust that Anna will pursue Francois' legacy, considering her strong career at Diageo," Vontobel analyst Jean-Philippe Bertschy said. Rival Unilever Plc (ULVR.L) also said on Tuesday that CFO Graeme Pitkethly would leave the consumer goods giant by the end of May 2024 after more than two decades.

☆ Nestlé Says Less Than Half of Its Main Portfolio Is Ranked as Healthy
▼ + stars: | 2023-03-21 | by ( Joshua Kirby | ) www.wsj.com time to read: +3 min

Nestlé SA promised it will work to boost the nutritional value of its snacks, drinks and food products, after most of its portfolio was rated as unhealthy. Less than half of Nestlé’s main food-and-drink portfolio is considered healthy, according to the results of an international nutrient profiling system that the Swiss food company published for the first time. Nestlé started using it last year with the aim of boosting transparency about the nutritional value of its products. “Our focus is on improving the nutritional value of our products,” Nestlé said. The rankings from the Access to Nutrition Initiative rate companies on their practices and disclosure, including on ensuring healthy products and influencing consumer choices.

☆ Companies are suspending ads on Twitter after Elon Musk's takeover. Here's the full list of brands pressing pause on advertising.
▼ + stars: | 2022-11-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

"As always, we will continue to monitor this new direction and evaluate our marketing spend," a spokesperson for General Mills told The Wall Street Journal. As is normal course of business with a significant change in a media platform, we have temporarily paused our paid advertising. VolkswagenVolkswagen has reportedly taken similar steps and pulled its ads from the social media platform, per The Wall Street Journal's anonymous sources. Jakub Porzycki/NurPhoto via Getty ImagesAccording to the report, Oreo maker Mondelez International has also suspended advertising on Twitter for the time being. Interpublic GroupMajor advertising agency Interpublic Group has also advised clients to pause spending on Twitter advertising during the company's "chaotic" interim.

☆ How an ex-lawyer built Halo Top into an ice cream sensation with $347 million in sales
▼ + stars: | 2018-11-01 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +10 min

During the summer of 2017, low-calorie Halo Top Creamery was the best-selling pint of ice cream in America. "He just wanted to eat an entire pint of ice cream and not hate himself for it." To satisfy his sweet tooth, he wanted to concoct something that tasted like ice cream but was healthier and had less sugar. He liked his creation so much that he eventually bought an ice cream maker (on sale on Amazon for $20). The ice cream market in the U.S. was $6.7 billion for the 52 weeks ended Sept. 28, 2018, according to Nielsen.

Persons: Jerry's, Doug Bouton, that's, we've, Bouton, Justin, Woolverton, Margie Brevidoro, Haagen Dazs, Dazs, Justin Woolverton, Kirk McKoy, Latham & Watkins, who'd, we're, it'd, Khloe Kardashian, Kloss, Ashley Benson, Nina Dobrev, Hilary Duff Organizations: Ben, CNBC, Nestle, Woolverton, Latham &, Amazon, Bouton, Foods, Top, U.S, Nielsen Locations: America, United States, U.S, Los Angeles, L.A, Oakland , California, Chicago

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