Unilever plans to spin off its ice cream business.
Unilever has announced plans to separate its ice cream business from the company in order to create a more focused and operational entity. The world’s...
Category : Finance
Another UK factory set to close as Pilgrim’s Pride prepares for shutdown
The latest move from Pilgrim’s Food Masters, a subsidiary of Pilgrim’s Pride, involves the closure of another UK factory in Southall, impacting 260 jobs in...
Italian Pasta Berruto receives investment from local fund
Italian investment fund Fondo Italiano d’Investimento has made a significant move in the food and beverage industry by acquiring a majority stake in pasta manufacturer...
Midsona aims for more sustainable growth with revised sales targets
Sweden-based food group Midsona has revealed new financial targets significantly lower than previously guided. The revised figures are part of a new growth strategy focused...
Ireland Baker Promise Gluten Free Contemplates Sale
Ireland-based baker Promise Gluten Free and its private-equity owners Mayfair Equity Partners are considering selling the company. The potential sale would be managed by investment...
Raisio names Pasi Flinkman from Orkla as its new CEO
In the latest development, Finland-based food group Raisio has announced the appointment of Orkla executive Pasi Flinkman as its new CEO. This decision marks a...
Trident Seafoods nears completion of agreements to sell three Alaska plants
Trident Seafoods, a US seafood manufacturer, is in the final stages of negotiations to sell three of its manufacturing facilities in Alaska: False Pass, Petersburg,...
Seaboard Foods, a US pork group, establishes new office in Japan
Seaboard Foods, a US pork processor, has recently established its first overseas sales office in Japan, expanding its global presence. The new office, named Seaboard...
Ivy Farm set to explore cell-based meat production in China
In a recent development, UK-based cultured meat manufacturer Ivy Farm Technologies has partnered with a biotechnology investor to expand its operations in China. The partnership...
Cultivated Seafood Platform Created as Umami Bioworks and Shiok Meats Merge
Umami Bioworks and Shiok Meats have announced plans to merge in order to move closer to commercialization in the food and beverage industry. Mihir Pershad,...