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...
Category : Finance
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...
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...
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...