business news
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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31 Jul 2019
--- Nestlé Indonesia is using a CHF99 million (US$100 million) investment to expand its three factories in Karawang (West Java), Kejayan (East Java) and Panjang (Lampung) to increase its current production capacity by 25...
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26 Jul 2019
--- Swiss dairy product and milk processor, Emmi Group, has acquired Pasticceria Quadrifoglio in a bid to expand and strengthen its existing dessert network in Italy. The family-run company will become the fourth member of the...
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25 Jul 2019
--- Unilever has attributed steady half-year growth to its emerging market businesses, which grew by 6.2 percent, while developed markets weakened, according to its mid-year financials. Results across the brand’s global...
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17 Jul 2019
--- Weeks after temporarily converting a London meatshop into a meat-free butchers in celebration of World Meat Free Week, Sainsbury’s will be launching the UK’s first “no- and low-alcohol pub.” Dubbed...
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25 Jun 2019
--- UK plant-based firm, The Meatless Farm Co, will see its ground mince and burger patties stocked in Whole Foods Market stores across the US, effective this summer. The vegan producer’s transatlantic expansion coincides...
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24 Jun 2019
--- UK supermarket Sainsbury’s has temporarily converted a London meatshop into a meat-free butchers to mark World Meat Free Week. Meat alternatives including mushroom, jackfruit, and pea protein are used to recreate over...
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20 Jun 2019
--- Firmenich has announced a strategic partnership with ArtSci Biology Technologies, taking an undisclosed minority equity stake in this leading local flavor company in China. Building on Firmenich’s distributor agreement...
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18 Jun 2019
--- Kemin Industries, a global ingredient manufacturer, has unveiled its new global vision and logo to align the company strategically for 2042 and beyond. The new vision, “Kemin strives to sustainably transform the...
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17 Jun 2019
--- Givaudan, the world’s leading flavors and fragrances supplier, has officially inaugurated its new flagship Innovation Center in Kemptthal, Switzerland. The move is aimed at accelerating its global efforts in creating...
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14 Jun 2019
--- Barentz International has entered into a joint venture with TasteStrik, a Dutch family business and a leading developer, producer and supplier of high-quality flavorings and ingredients for the bakery, cereal, chocolate,...
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