Bloomberg Kenya Airways Plc has selected financial advisers at Seabury Consulting to help the airline evaluate options to restructure its debt load, according to people with knowledge of the matter. The airline, in which the Kenyan government has a 48.9% stake, faces mounting debts and depressed passenger demand amid pandemic-related travel restrictions. A representative for Kenya Airways said the ...

    Bloomberg Nestle SA agreed to acquire a majority stake in Orgain, a maker of plant-based protein powders and other products, expanding its nutrition portfolio. Butterfly Equity and Orgain founder Andrew Abraham will keep a minority stake, staying on as chief executive officer, the companies said, confirming an earlier report by Bloomberg about the sale. Financial details weren’t disclosed, ...

    Bloomberg Starbucks Corp. shares pared an earlier loss in late trading after the company released an updated forecast that only projects a slight impact on profits despite a surge in costs related to labor and the ongoing pandemic. The company now sees earnings per share falling 4% to 6% in its current fiscal year, versus a prior view ...