German meat consumption reaches all-time low
In Germany, the consumption of meat has hit a new record low, with total annual consumption decreasing by 0.8% year-on-year to 51.6kg in 2023, according...
Category : Finance
Princes of UK name new CEO
Princes Group, a UK food and drinks producer, has appointed Simon Harrison, their deputy managing director, as the new CEO. Harrison, who has been with...
$125m Start-Up Investment Fund Supported by Backers including Tesco and Woolworths
Five grocery heavyweights, including UK supermarket giant Tesco and Australia’s Woolworths, have joined forces with Ahold Delhaize, Empire Company/Sobeys, and Shoprite to establish a new...
Valio shutting down two plants in Finland
Valio, a key player in the food and drink industry, has recently announced plans to close two manufacturing facilities in Finland. The closures, expected to...
Barilla withdraws US brand Tolerant Foods’ grain-free pasta
Barilla has made the decision to discontinue its range of grain-free pasta products sold under the Tolerant Foods brand in the US. The Italian company...
Indian court dismisses government’s claim in Nestlé Maggi case
India’s consumer court has recently cleared Nestlé of government allegations of “unfair trade practices” in relation to the lead contamination scandal that shook the Maggi...
Migration to ERP system impacts Lamb Weston Holdings’ sales and profit predictions
The change in ERP system at Lamb Weston Holdings has caused the US potato products group to revise its sales and profit forecasts. The company...
Vandemoortele solidifies US production by acquiring bakery competitor Banneton
Vandemoortele, a Belgium-based baker, has recently acquired a majority stake in New Jersey-based Banneton, marking its first manufacturing presence in the US. Banneton, known for...
St. Paul Cheese Maker Acquires Dutch Company Koninklijke ERU
St. Paul, a cheese producer in the food and beverage industry, is set to acquire Dutch peer Koninklijke ERU. The financial details of the deal...
France introduces new agricultural legislation to safeguard food sovereignty
France has introduced a new draft law aimed at safeguarding the future of agriculture and farming to bolster national food security. The proposed regulation focuses...