Princes Prepare to Increase Prices Due to Rising Costs in the Middle East
Princes Group, a prominent player in the UK food and beverage industry, is gearing up to implement price increases as a strategy to counteract rising...
Category : Finance
Mars CEO Takes Board Position at GLP-1 Supplier Novo Nordisk
Novo Nordisk, a leading supplier of GLP-1 weight-loss medications, has appointed Mars CEO Poul Weihrauch as a “board observer.” This role is pivotal as the...
Woolworths Acquires Private-Label Supplier In2Food in South Africa
South African retailer Woolworths is poised to enhance its portfolio in the food and beverage industry by acquiring In2Food, a private-label supplier renowned for its...
Laird Superfood CEO Highlights Sales Advantages of Navitas Partnership
Laird Superfood anticipates “nice distribution gains” following its acquisition of the US-based organic food and drinks company Navitas, as stated by CEO Jason Vieth. Just...
Taylor Farms boosts CEA produce range with Equinox Growers buy
Taylor Farms is expanding its presence in controlled-environment agriculture (CEA) through the acquisition of Equinox Growers from Generate Capital. Financial details of the transaction have...
Japan’s Meiji books another impairment on China food business
Japan’s Meiji Holdings has lowered its full-year profit outlook after announcing another impairment linked to its food operations in China. The Tokyo-based group said it...
Coca-Cola invests again in Fairlife production
The Coca-Cola Company has outlined further investment plans to expand its Fairlife dairy operations in the US, committing $650m to increase production capacity at its...
Le Duff snaps up Spanish bakery peer Panamar
French bakery and foodservice group Le Duff has strengthened its European presence with the acquisition of Spanish bread and pâtisserie specialist Panamar. Announcing the deal,...
Smithfield Foods predicts slowdown in sales after debut IPO year
US meat processor Smithfield Foods has signalled a moderation in sales growth for the year ahead, while pointing to continued strength in profitability. The packaged...
McCain ‘to shut New Zealand factory’
McCain Foods is reportedly planning to shut one of its two processing facilities in New Zealand, as part of a broader shift in its regional...