I nearly spit out my coffee. These multi-multi BILLION dollar companies are now claiming that they are struggling financially? Or aren’t the profit margins big enough for CEO so-and-so to afford the G-6 or the vacation condo in St. Bart’s anymore? Tough nuggies.
Writer Evie Liu of Barron’s states in her article, “The industry behemoths are scrambling to adapt—through mergers, acquisitions, spinoffs, and asset sales. But it remains to be seen whether any of those efforts could rekindle growth and boost efficiency.”
Gee, maybe they should talk to BigFood–the very food suppliers SF has tried to contact, that feed these giant food manufacturers–and compel them to quit blaming gas and just lower their prices below the gouging level, and to a more reasonable profit margin. Maybe they could stay in business then? Good grief.
More to come. This is a BREAKING STORY. -MK
Write to Evie Liu at [email protected]