Core Viewpoint - A class action securities lawsuit has been filed against Perrigo Company plc, alleging securities fraud that affected investors between February 27, 2023, and November 4, 2025 [1] Group 1: Allegations of Fraud - The lawsuit claims that Perrigo's infant formula business, acquired from Nestlé, suffered from significant underinvestment in maintenance and operational improvements [2] - It is alleged that Perrigo needed to make substantial capital and operational expenditures beyond previously stated cost estimates to remediate issues in the infant formula business [2] - The complaint states that there were significant manufacturing deficiencies in the facility for the infant formula business [2] - As a result of these issues, Perrigo's financial results, including earnings and cash flow, were overstated [2] - The positive statements made by the defendants regarding the Company's business and prospects were materially misleading and lacked a reasonable basis [2] Group 2: Legal Process and Participation - Investors who suffered losses during the relevant time frame have until January 16, 2026, to request to be appointed as lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the top securities litigation firms in the United States [4]

Nestlé's water business has been sued by a local French competitor, Bonneval Emergence for alleged "unfair competition". Local publication Le Monde on Wednesday (17 December) reported it had learned Bonneval Emergence had filed a suit against the Perrier water maker with the economic activities in Nanterre. The group has also asked the court to pause sales of Nestlé's bottled water brands, including Vittel, Contrex and Perrier, and to recall bottles, with a €1m ($1.2m) penalty for each day of delay. It ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Perrigo Company plc regarding a class action lawsuit alleging that the company made materially false and misleading statements about its infant formula business and its financial results during the specified class period [1]. Group 1: Allegations - The complaint alleges that the infant formula business acquired from Nestlé suffered from significant underinvestment in maintenance, operational improvements, and repairs [1]. - Perrigo needed to make substantial capital and operational expenditures beyond the company's stated cost estimates to remediate the infant formula business [1]. - There were significant manufacturing deficiencies in the facility for the company's infant formula business [1]. - As a result of the aforementioned issues, the company's financial results, including earnings and cash flow, were overstated [1]. - The defendants' positive statements about the company's business, operations, and prospects were materially misleading and lacked a reasonable basis [1]. Group 2: Class Action Details - The class period for the lawsuit is from February 27, 2023, to November 4, 2025 [1]. - Shareholders are encouraged to register for the class action by January 16, 2026, to potentially be appointed as lead plaintiff [2]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive status updates throughout the lifecycle of the case [2].

Core Viewpoint - Nestlé ADRs have increased nearly 20% since late January, prompting questions about potential further upside for the company [1] Group 1: Financial Performance - The significant return in USD for Nestlé primarily stems from strong financial performance [1] Group 2: Market Sentiment - The rise in Nestlé's stock price indicates positive market sentiment towards the Swiss food giant [1]

Core Viewpoint - The Gross Law Firm is notifying shareholders of Perrigo Company plc regarding a class action lawsuit due to alleged misleading statements and operational deficiencies related to the company's infant formula business [1][3]. Group 1: Allegations - The complaint alleges that during the class period from February 27, 2023, to November 4, 2025, Perrigo issued materially false and misleading statements [3]. - Specific allegations include significant underinvestment in the infant formula business acquired from Nestlé, necessitating substantial capital and operational expenditures beyond stated cost estimates [3]. - The complaint also highlights significant manufacturing deficiencies in the infant formula facility, leading to overstated financial results, including earnings and cash flow [3]. Group 2: Class Action Details - Shareholders who purchased PRGO shares during the specified class period are encouraged to register for the class action, with a deadline of January 16, 2026, to seek lead plaintiff status [4]. - Registration allows shareholders to receive updates throughout the lifecycle of the case, with no cost or obligation to participate [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that artificially inflated stock prices [5].

Core Insights - General Mills reported earnings per share of $1.10, exceeding the estimated $1.02, and revenue of approximately $4.86 billion, surpassing the estimated $4.78 billion [1][5] - The company has faced challenges, including a decline in second-quarter profit and sales, but implemented price cuts to attract consumers affected by inflation, which boosted sales [2][5] - General Mills reaffirmed its full-year outlook, demonstrating confidence in its strategic direction despite a volatile environment [3][5] Financial Metrics - The company has a price-to-earnings (P/E) ratio of approximately 10.15, indicating the market's valuation of its earnings [4] - The price-to-sales ratio is about 1.38, and the enterprise value to sales ratio is around 2.07, reflecting the company's valuation compared to its sales [4] - The debt-to-equity ratio is approximately 1.47, highlighting its use of debt financing relative to equity [4]

Core Viewpoint - General Mills, Inc. is experiencing fluctuations in its consensus price target, reflecting changing analyst expectations in a competitive food market [1][2] Price Target Summary - The average price target for General Mills increased to $51 from $50.5 in the previous quarter but decreased from $53 last year, indicating a shift in analyst expectations [2] - Analyst Christopher Growe from Stifel Nicolaus has set a more optimistic price target of $64 for the stock, suggesting a divergence from the consensus [3] Earnings and Market Conditions - General Mills is scheduled to announce its second-quarter earnings results on December 17, with analysts predicting a decline in earnings, which may have influenced recent adjustments in price targets [2][3] - The company faces challenges related to sales and margins due to price resets and costs from launching new pet products, yet there are signs of improvement in volumes and brand health [4]

Acquisition Overview - California Pizza Kitchen (CPK) is being acquired by a group led by Consortium Brand Partners, with Jon Weber appointed to lead restaurant operations [1][2] - The acquisition follows CPK's bankruptcy in July 2020 due to a sales slowdown and high debt levels [1] Management Structure - Jon Weber, CEO of Convive Brands, will become CEO of CPK's restaurant division, while Michael Beacham will oversee the consumer packaged goods (CPG) business [2] - The investor group includes Eldridge Industries, Bain Capital's credit arm, and Aurify Brands [2] Financial Aspects - The deal terms were not disclosed, but reports indicate the acquisition is valued at less than $300 million [3] - The transaction is expected to be completed by late December 2025 [2] Company Background - CPK was founded 40 years ago in Beverly Hills and operates over 120 locations globally [3] - The company currently sells frozen pizzas through a partnership with Nestlé and salad dressings via Litehouse, distributing products across more than 10,000 grocery retailers worldwide [5] Future Plans - The new owners plan to expand CPK's restaurant footprint both in the US and internationally through franchise partners [5] - There are intentions to increase grocery distribution of CPK-branded products and continue menu development [5] - Consortium Brand Partners' founder, Cory Baker, highlighted the brand's strong loyalty and significant growth opportunities [5] Investor Group Background - Consortium Brand Partners is making its first move into the restaurant sector with this acquisition [3] - Eldridge Industries' Convive Brands owns Le Pain Quotidien and The Little Beet, while Aurify Brands operates Melt Shop and Fields Good Chicken [4]

Core Insights - Hain Celestial has appointed Alison Lewis as the permanent CEO to lead the company in its turnaround efforts after a challenging period [1][3]. Group 1: Leadership and Strategy - Alison Lewis, who took over as interim CEO in May, has focused on stabilizing sales, improving profitability, optimizing cash flow, and deleveraging the balance sheet [2]. - The chair of Hain, Dawn Zier, expressed confidence in Lewis's ability to create shareholder value due to her extensive consumer packaged goods (CPG) expertise and strong performance track record [3]. - Lewis is the third CEO in three years for Hain, following the ousting of Wendy Davidson in May [3]. Group 2: Market Challenges - Hain faces increasing competition from major players like General Mills and Nestlé, which have introduced their own better-for-you product lines [4]. - The company is also contending with inflation, economic uncertainty, and other headwinds that have negatively impacted its business [4]. Group 3: Operational Changes - Lewis has announced plans to eliminate unprofitable or low-margin stock-keeping units (SKUs) and is working to simplify the food and beverage portfolio by exiting or selling businesses where Hain is at a structural disadvantage [5]. - An interim chief business officer has been hired to assist with cost reduction and restructuring efforts [5]. Group 4: Financial Performance - In the most recent quarter ending September 30, Hain reported net sales of $368 million, reflecting a 7% decline year-over-year, primarily due to a downturn in the snacks segment [6].

This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. Nestlé is undertaking an extensive review of its U.S. portfolio as the DiGiorno pizza maker works with a "sense of urgency" to strengthen its brands and win more eating occasions amid a pullback in spending and changing consumer preferences, according to the division's top executive. In this first interview since taking over as CEO of Nestlé USA in January, Marty Thompson ...