Global luxury lifestyle brand Michael Kors Holdings Limited had an exceptional fiscal 2014 first quarter ended June 29 with a total revenue of $641 million, a 54.5% increase from $414.9 million in the first quarter of fiscal 2013.
Increased advertising to support brand differentiation ate into second quarter profits at snack maker Snyder’s-Lance, but the company expects the investment to pay off during the second half of the year.
Campbell Soup Company has appointed Ed Carolan as president of U.S. retail and Tim Hassett as SVP and GM of Away from Home and as chief customer officer of Campbell North America. Both will report to Mark Alexander, president of Campbell North America.
President Bill Clinton and Chelsea Clinton visited Kanombe school in Kigali, Rwanda, to see the P&G Purifier of Water packets at work as part of Procter and Gamble’s Clinton Global Initiative Commitment to Action to provide clean drinking water to those who need it most.
Clorox sales results for the fourth quarter ended June 30 increased slightly, but despite being lower than anticipated, the company is ready to take on competitive pressures and increase its merchandising activity.
Cereal maker Post Holdings has signed a definitive agreement to acquire Premier Nutrition, makers of the Joint Juice brand. PNC is a rapidly growing marketer and distributor of premium protein beverages and foods under its Premier Protein brand and nutritional supplements under its Joint Juice brand.
Henkel Consumer Goods Inc., a provider of leading consumer brands such as Dial, Purex, Soft Scrub and Right Guard, plans to leverage Datalliance VMI’s platform for its expanding consumer goods Vendor Managed Inventory program.
Procter & Gamble plans to remain focused on keeping existing and potential customers and shareholders happy, following its net sales for fiscal 2013 which increased 1% to $84.2 billion, including a negative two-point impact from foreign exchange.