Magnolia, a subsidiary of San Miguel Group is launching affordable new brands and repackaging its products to help consumers cope with higher costs. Cost of raw materials has squeezed profits, but company pledges to focus on developing products and new packaging to suit consumers' budget and lifestyle. Source: tmcnet.com
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New prescription drug labeling rule from the Food and Drug Administration says that if a label meets the agency's requirements, state law failure-to-warn suits over the drug's risks are pre-empted, but plaintiffs' lawyers have vowed to fight.
Taking a lead from CPG companies, footwear and apparel company Timberland plans to roll out new packaging that will include a "nutrition label" detailing how and where the product was manufactured and its impact on the environment.