Is there a decline in consumer spending? Here's what CEOs are saying – Business News (Trending Perfect)

[ad_1] People walk past Sweetgreen restaurant in Manhattan on September 14, 2023. Jenna Moon | The Washington Post | Getty Images As prices and interest rates continue to rise, Chipotle Burrito bowls and European vacations are still on the table for many consumers. But Big Macs and kitchen remodels are not. The latest round of … Read more

3G Capital quietly exited its investment in Kraft Heinz last year – Business News (Trending Perfect)

[ad_1] Brazilian private equity firm 3G Capital quietly sold its 16.1% stake Kraft Heinz In the fourth quarter, nearly nine years after orchestrating the blockbuster merger between Kraft Foods and Heinz with Warren Buffett. The sale marks the end of the 3G era. The company's influence over Kraft Heinz has diminished in recent years with … Read more

Gatorade is expanding into new products including plain water – Business News (Trending Perfect)

[ad_1] As Gatorade approaches its 60th birthday, the brand remains energetic, branching out into new categories from unflavored water to energy drink mixes. Since its founding in 1965, Gatorade has been the dominant sports drink. It accounted for 63.5% of the US sports drink market in 2023, according to data from Euromonitor International. What is … Read more