PepsiCo and Carrefour come to an agreement on pricing dispute in Europe
PepsiCo and Carrefour have successfully resolved a pricing dispute that had been ongoing in Europe. This development is in line with current food and beverage...
Category : Finance
Katarina Tell Named New CEO of Cloetta
Cloetta, a Sweden-based confectionery company, has named Katarina Tell as its new CEO and president. She will assume the roles by September 1, succeeding Henri...
Former Starbucks CEO acquires partial ownership in Tony’s Chocolonely
Howard Schultz, former Starbucks chief executive, becomes a minority shareholder in Dutch chocolate supplier Tony’s Chocolonely, enhancing the food and beverage industry trends. Schultz’s recent...
Canadian Company, Cooke, Announces Closure of US Seafood Facility
Canadian seafood company Cooke is set to close a facility in the US state of Massachusetts by the end of May. The Cooke US subsidiary,...
Synlait seeks assistance from largest shareholder following missed debt payment
Synlait Milk, a New Zealand dairy company, has missed a debt repayment deadline of NZ$130m ($77.7m) under its loan agreements. As a result, the company...
Podravka joins firms in conducting due diligence for Fortenova agricultural assets
Podravka is currently conducting due diligence to potentially acquire the agri-food business of Fortenova, a fellow Croatia-based group. In a recent statement, Podravka revealed that...
Dole’s sale of its US fresh vegetable unit to Fresh Express has been cancelled.
The cancellation of the sale of its fresh vegetables unit by Dole plc to Fresh Express, a subsidiary of Chiquita Brands International, highlights the challenges...
CVC Capital Partners purchases Spain’s Monbake Group
Monbake Group, a frozen baked-goods business in Spain, has been acquired by Luxembourg-based private-equity firm CVC Capital Partners. The acquisition was made from France-based investment...
Bornstein Seafoods to close two US locations as part of optimization efforts
Bornstein Seafoods is making moves to consolidate its processing operations, announcing plans to close two processing sites in the US. The family-owned business will be...
SemCap invests in Aloha plant-based protein snacks and drinks business
Aloha, a US plant-based snacks and drinks business, has received a minority investment from SemCap Food and Nutrition. SemCap has infused $68m to acquire a...