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Nestle sales accelerate over pandemic demand

Bloomberg Nestle SA, the world’s largest food company, reported its fastest sales growth in five years as stuck-at-home consumers adopted more cats and dogs, boosting demand for pet food. Revenue growth may cross the threshold of 4% and should at least match last year’s 3.6% pace, on an adjusted basis, CEO Mark Schneider said. Analysts have forecast 3.9% growth. Nestle’s ...

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Hermes sales soar on top luxury brands

Bloomberg Hermes International sales jumped as the Birkin bag maker continued to benefit from its established appeal as a premium luxury brand. Sales rose 16% in the fourth quarter at constant exchange rates, almost twice as much as analysts expected. The leather goods unit was the main driver behind the performance. The shares rose as much as 8.9% to a ...

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Myanmar protesters plan even bigger rallies post deadly clashes

Bloomberg Myanmar’s anti-military protesters plan to hold their largest mass rally yet on Monday after two demonstrators were shot dead this weekend. Shops and businesses are expected to close in solidarity, with the nation’s largest retailer, City Mart, announcing it will shut all of its outlets. The violent crackdown on the largely-peaceful movement risks stunting an already troubled economy. Nearly ...

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