Packaging

Ardagh Group S.A. has announced a comprehensive recapitalization agreement with key financial players, including its controlling shareholder and a significant creditor coalition. The deal slashes $4.3 billion in debt via a debt-for-equity swap, extends bond maturities to 2030, and injects $1.5 billion in new capital. Ownership will transfer to noteholders, while Ardagh retains its Glass and Metal Packaging businesses. The transaction, expected to close by September 30, 2025, is subject to regulatory approvals.

White Elephant Food faces scrutiny over its “Most” instant noodle branding, igniting a social media firestorm. The company swiftly responded with packaging adjustments addressing consumer concerns. This highlights a broader “larger portion” marketing trend within the instant noodle industry. The controversy underscores the need for transparency and clear product labeling, serving as a crucial lesson for competitors in a competitive market.