AGP Executive Report
Last update: 9 hours agoProduct Safety: Nearly 339,000 DREO heaters sold in the US and Canada are being recalled after reports of fires; affected owners can get free replacements. A separate recall covers almost six million coffee makers over burn risks. India’s FMCG Push: Reliance Consumer is expanding its Independence biscuit range with nine variants and 28 new SKUs, starting in Tamil Nadu. Big Deal: Kimberly-Clark has closed its $48.7 billion acquisition of Kenvue, bringing household brands including Huggies, Kleenex, Tylenol and Listerine under one company. Packaging Investment: Sonoco plans to spend $40 million to modernize its Virginia paperboard mill, while Ringmetall has acquired bag-in-box maker Rapak to enter North America’s market. Retail and Trade: Hong Kong retail sales rose 6.4% in September, with online sales up 12%; China’s import expo opens this week with 4,142 overseas exhibitors. Costs: Aramco is weighing an expansion of its East-West crude pipeline as shipping disruption drives up transport costs, with the company warning of knock-on pressure on food and consumer goods.
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