STOCKHOLM : Hygiene products group Essity said on Wednesday it has initiated a strategic review of its stake in China-based Vinda and its Consumer Tissue Private Label Europe business.The Swedish company said in a statement the aim of the review is to reduce its Consumer Tissue division's share of group
STOCKHOLM : Hygiene products group Essity said on Wednesday it has initiated a strategic review of its stake in China-based Vinda and its Consumer Tissue Private Label Europe business.
The Swedish company said in a statement the aim of the review is to reduce its Consumer Tissue division's share of group sales. "The strategic review includes exploring different options and may result in divestments, although no such decisions have yet been taken," it said.Vinda in 2022 accounted for 16 per cent of Essity's 156 billion Swedish crowns turnover, while the Consumer Tissue Private Label Europe business represented 6 per cent.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Consumer protection bodies urged to investigate ChatGPT, othersBRUSSELS : The European Consumer Organisation (BEUC) has joined the chorus of concern about ChatGPT and other artificial intelligence chatbots, calling on EU consumer protection agencies to investigate the technology and the potential harm to individuals.The growing popularity of Microsoft-backed Open AI'
Read more »
South Korea economy averts recession thanks to consumer spending boostSEOUL : South Korea's economy in the first quarter expanded by 0.3 per cent over the previous three-month period, official advance estimates showed on Tuesday, compared with a median 0.2 per cent rise tipped in a Reuters survey.It follows a 0.4 per cent contraction of Asia's fourth-largest economy during
Read more »
TI forecasts downbeat second quarter on growing demand weaknessTexas Instruments forecast second-quarter revenue and profit below Wall Street estimates on Tuesday (Apr 25), signalling demand weakness is spreading to most of the analogue chipmaker's end-markets. A chip supply glut, which started from the consumer electronics market, has seeped into broader markets like
Read more »
South Korean consumers' inflation expectations fall to 11-month lowSEOUL: South Korean consumers' inflation expectations fell in April to the lowest in nearly a year, a central bank survey showed on Wednesday, while overall consumer sentiment hit a 10-month high. The median of consumers' inflation expectations for the next 12 months fell to 3.7 per cent in April from 3.9
Read more »
TI forecasts downbeat second-quarter on expanding demand weakness:Texas Instruments forecast second-quarter revenue and profit below Wall Street estimates on Tuesday on worries overstocked customers will either push out or cancel orders amid slowing demand across most of the analog chipmaker's end markets.A chip supply glut, which started from the consumer electronics mark
Read more »
Appliance maker Whirlpool's results beat on N. America strengthWhirlpool Corp on Monday reported better-than-expected results for the first quarter, mainly on the back of strong demand for its refrigerators and washing machines in North America – its largest market.Whirlpool, like many consumer products makers, has had to raise prices to combat higher raw material
Read more »