Brief: Kerry Group CEO: Cost of living pressures leading to more promotions, private label
29/07/2026 10:21
BRIEF-Kerry Group CEO: Cost of living pressures leading to more promotions, private label July 29 (Reuters) - Kerry Group PLC KYGa.I CEO interview with Reuters:
KERRY GROUP CEO: SEEING QUITE AN ELEVATED LEVEL OF PROMOTIONAL ACTIVITY AMONG FOODSERVICE, RETAIL CUSTOMERS DUE TO COST OF LIVING PRESSURES
KERRY GROUP CEO: ALSO SEEING SIGNIFICANT LEVEL OF ACTIVITY ON PRIVATE LABEL, RETAILERS LAUNCHING PRODUCTS AT BETTER PRICE POINT TO BRANDED PLAYERS
KERRY GROUP CEO: CONTINUES TO BE RELATIVELY MUTED CONSUMER DEMAND FOR FOOD AND BEVARAGE IN CHINA, NOT AS STRONG AS IT WAS 4-5 YEARS AGO
KERRY GROUP CEO: USING MORE ROAD TRANSPORT AS OPPOSED TO OCEAN TRANSPORT TO MOVE GOODS AROUND MIDDLE EAST, AFRICA, HAVE HAD TO REROUTE RAW MATERIALS
Further company coverage: [KYGa.I]
(Reporting By Padraic Halpin)