Heineken NV appointed Rafael Oliveira chief executive officer, as the Dutch brewer breaks with habit by hiring an outsider to try to reverse a slump in demand.

Philip Morris International Inc. cut its profit forecast for this fiscal year after writing down the value of its investment in its Canadian affiliate by $500 million.

More than 40 nations will meet Monday to outline their military contributions to a European-led mission to escort ships through the Strait of Hormuz once there’s a stable ceasefire.

More than 40 nations will meet Monday to outline their military contributions to a European-led mission to escort ships through the Strait of Hormuz once there’s a stable ceasefire.

Diageo Plc’s sales unexpectedly rose as growth in Africa and Latin America was enough to offset significant weakness in the US.

Carlsberg A/S started the year with positive sales volumes in all regions, a sign the Danish brewer’s strategy to diversify into alcohol-free drinks is working in spite of disruptions from the Iran war.

Philip Morris International Inc.’s profit rose more than expected in the first quarter on sales of smoke-free products including heated tobacco and nicotine pouches.

Diageo Plc’s shares slumped the most on record after new Chief Executive Officer Dave Lewis set out the scale of turnaround needed at the British distiller.

British American Tobacco Plc warned South Africa’s government for years that it would be forced to end production there if illegal cigarette sales weren’t stamped out, according to the chief executive officer.

Anheuser-Busch InBev offset a slump in volumes in western markets with growth in Africa and South America, alongside stronger sales of premium beer.

Carlsberg A/S widened its operating profit outlook compared with last year in a move reflecting the brewer’s cautious stance over future demand for its drinks.

A Kenyan contractor filed a fresh case against Diageo Plc, asking a court to block its proposed sale of East African assets to Asahi Group Holdings Plc until a separate matter is resolved.

Ocado Group Plc’s Canadian partner will close its automated warehouse in Calgary due to slower-than-expected growth, the latest setback for the British online grocery delivery company.

Nestlé SA is forging ahead with the sale of a stake in its €5 billion ($5.8 billion) water business, which includes the well-known brands Perrier and S.Pellegrino, people familiar with the matter said.

Heineken NV Chief Executive Officer Dolf van den Brink is stepping down months after the company warned on profit over falling beer sales.

Three of Britain’s biggest retailers faced a tough Christmas marked by volatile consumer demand and intense price competition.

Tesco Plc’s sales rose less than analysts expected during the crucial Christmas period as inflation-squeezed shoppers curtailed spending.

Ocado Group Plc has ended exclusive arrangements to supply its automated grocery warehouse technology as investor pressure grows following setbacks to its partnership with Kroger Co. in the US.

Diageo Plc agreed to sell its majority stake in East African Breweries Ltd. to Japan’s Asahi Group Holdings Ltd. in a $2.3 billion deal as the struggling UK distiller streamlines operations to speed its turnaround.

British American Tobacco Plc is seeing early benefits from a US crackdown on illicit vaping products, though it stopped short of upgrading its guidance due to uncertainty around the timeline of enforcement efforts.