September 2, 2025

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September 2, 2025

Nestle has dismissed CEO Laurent Freixe for his failure to disclose a romantic relationship with a direct subordinate. “This new change is likely to keep afloat the question mark about the mid-term direction of the company,” JP Morgan analysts said (via CNN Business).
Kraft Heinz announced it would be splitting into two separate companies, effectively undoing its 2015 merger which was arranged, in part, by Berkshire Hathaway (via CNN Business).
Cracker Barrel fired back against Steak ‘n Shake CEO Sardar Biglari after the latter publicly criticized the former’s rebranding efforts (via FOX Business).
McDonald’s has announced the return of its popular Extra Value Meals. Customers will save 15% on combo meals as compared to buying the menu items separately (via CNBC).
U.S. small businesses continued to exhibit strength in August, per Fiserv data. Year-over-year, sales grew by 3.9% and transactions by 3.7%, although growth was a bit lower than in July (via Chain Store Age).
Suntory CEO Takeshi Niinami has resigned from the company following allegations he may have purchased an illegal supplement, in breach of Japan’s strict drug laws (via Reuters).
Walmart of Mexico and Central America is ramping up investment in El Salvador to the tune of about $260 million. Store openings and remodels, as well as several operational upgrades besides, are in the cards (via Chain Store Age).