Dive Brief: Eskimo Pie, the almost 100-year-old chocolate-coated ice cream bar brand, announced it will change its name and branding. The treat, which is currently owned by Dreyer’s Grand Ice Cream, the U.S. subsidiary of global ice cream maker Froneri, pledged to have a new name and remove the Eskimo […]
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Nokia hopes for slice of 5G pie on Huawei’s home turf
LONDON — Finnish telecommunications equipment maker Nokia is stepping up efforts to expand its market share in China where it has struggled to secure a foothold. Despite years of operation, Nokia has not managed to crack the Chinese market and it now hopes a new CEO, Pekka Lundmark, will push […]
China food chains eat humble pie after anger at price rises
SHANGHAI – Two Chinese restaurant operators have apologized after a customer backlash over recent price increases, highlighting the difficulty that the country’s businesses face in recovering from the coronavirus outbreak. Both Haidilao International Holding and Xibei Youmiancun admitted they were wrong to hike some prices to try to mitigate rising operating […]