Tag Archives: Food / Drinks

Coca-Cola plans to remove ‘zombie brands’ from its portfolio

Coca-Cola Co. says it will streamline its portfolio, cutting what it calls “zombie brands” to focus on more successful brands and smaller names with potential. According to James Quincey, CEO of Coca-Cola KO, + 2.34% Many of the company’s 400 “master brands” are located in one country and represent only …

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Beyond Meat Stock gets a double discount, to sell

Text size Drew Angerer / Getty Images An old bull in Beyond Meat stock cut its Buy-to-Sell equivalent rating, bypassing Hold and joining most Wall Street analysts who are lukewarm or cold toward the fake meat startup. Analysts do not usually downgrade stocks. Stocks are usually down one notch at …

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Here’s the impact on revenue Facebook will take when Diageo and Starbucks join the list of companies pulling ads from the platform.

Facebook shares fell in pre-market trading on Monday, after Diageo and Starbucks became the latest companies to stop advertising on social media platforms for ineffective surveillance of hate speech. Shares of the social networking company FB, -2.48%, which operates Instagram and WhatsApp, in addition to its eponymous platform, fell more …

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