business news
05 Aug 2022
--- The plant-based meat company is cutting 4% of its workforce as Beyond Meat’s transition to a mass market company is not going as smoothly as anticipated. Inflation, interest rates, recession concerns, COVID-19, labor...
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04 Aug 2022
--- Board of director members from Ben & Jerry Israel have accused parent company Unilever of freezing their salaries in July.The ice cream business and its parent company are entrenched in a dispute over the sale of Ben...
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02 Aug 2022
--- As Halloween is on the horizon and supply chain disruptions within the confectionery space are being reported internationally, Hershey has backtracked after saying candy supplies could be running short, now claiming they are...
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02 Aug 2022
--- Symrise has revealed a “strong increase in sales and profit” in the first half of 2022 with organic sales growth of 10.2%. Taste, Nutrition & Health achieved organic sales growth of 12.7%. In the Food &...
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28 Feb 2022
--- With a major corporate reorganization in view, Olam Group reports “record” performance in fiscal 2021. With Ukrainian fighters battling Russian troops, the global agri-food heavyweight has disclosed that it has...
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17 Jan 2022
--- Ohly has developed a yeast-based braised chicken flavored modifier to cater to vegetarian consumers’ cravings for comfort food while encouraging flexitarians to broaden their plant-based diet.
07 Sep 2021
--- Azelis, a service provider for the specialty chemicals and food ingredients industries, has announced its initial public offering (IPO) and intention to list shares on the regulated Euronext Brussels market.The company...
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30 Jul 2021
--- Heineken has obtained control of UBL in India, following United Breweries Limited’s (UBL) annual general meeting yesterday. This comes at the heels of Heineken’s recent acquisition of additional ordinary shares...
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04 Dec 2020
--- Global food commodity prices have increased to an almost six-year high in November, according to a benchmark United Nations report. FAO also trims its cereal crop forecasts and notes 45 countries need external assistance for...
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23 Sep 2020
--- Fi Europe 2020 has been postponed following months of speculation over whether or not one of the biggest events in the F&B calendar would go ahead. Earlier today, organizers confirmed that the live event, which was...
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20 Jan 2020
--- Global food and agri-business Olam International (OIL) is moving forward with its strategy to unlock and maximize the company’s long-term value by reorganizing the business into two new distinct operating groups...
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30 Aug 2019
--- Pilgrim’s Pride Corporation is to acquire Tulip Limited, a leading prepared foods supplier with 12 fresh and value-added operations in the UK, from Danish Crown. The transaction creates one of the largest integrated...
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29 Aug 2019
--- The world’s second-largest distiller, Pernod Ricard, along with alcohol manufacturer and marketer Castle Brands Inc. have announced that they have entered into a definitive agreement. In the deal, a subsidiary of...
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27 Aug 2019
--- Flavors and fragrances company Givaudan has shared its latest insights and expertise on alternative proteins, with a focus on the functional aspects of plant proteins and overcoming taste challenges. In an event that sought...
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22 Aug 2019
--- Del Monte Pacific Limited (DMPL) has announced its plans to move to an asset-light strategy and divest production facilities of US subsidiary Del Monte Foods. Facilities to be closed are located at Sleepy Eye, Minnesota;...
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20 Aug 2019
--- Chlorinated chicken, as part of a post-Brexit free trade deal with the US, is “the thin end of the wedge” that could impact public health and threaten thousands of jobs in the UK food processing industry. This is...
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07 Aug 2019
--- Fonterra has announced its intention to sell a portion of its stake in China-based Beingmate Baby & Child Food Company Ltd, which is currently a shareholding of 18.8 percent. Chief Executive of the New Zealand...
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05 Aug 2019
--- Products, production, employees and regional responsibility are the key fields of action that German-based Uelzena Group is targeting, according to its 2018 sustainability report dubbed “Basis for the future:...
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02 Aug 2019
--- US-based Campbell Soup Company is selling its Australian brand Arnott’s and other international operations to global investment firm KKR for US$2.2 billion in cash. The deal is subject to customary purchase price...
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31 Jul 2019
--- Food inflation eased slightly to 1.7 percent in July from 1.8 percent in June, according to the British Retail Consortium (BRC)-Nielsen Shop Price Index for July 2019. Fresh Food inflation also slowed in July to 1.2 percent...
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