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Snap, crackle and pay: Ferrero to buy WK Kellogg for $3.1 bn
Snap, crackle and pay: Ferrero to buy WK Kellogg for $3.1 bn
Economy
by  AFP

The Ferrero Group will acquire US cereal mainstay WK Kellogg for $3.1 billion as the Italian food giant expands further in North America, the companies announced Thursday. "Over recent years, Ferrero has expanded its presence in North America," said Giovanni Ferrero.

Shein faces 150-mn-euro fine in France
Shein faces 150-mn-euro fine in France
Economy
by  AFP

E-commerce giant Shein faces a possible 150-million-euro ($175-million) fine in France for failing to properly get consent to track users on the internet. It also found during a 2023 inspection that when users refused the tracking cookies Shein continued to read information from them.