Nestlé sells its dairy and juice businesses in Ecuador to Grupo Gloria
Nestlé has made a strategic decision to exit the dairy sector in Ecuador by partnering with Latin American food company Grupo Gloria. This move involves...
Category : Finance
The meal-kit business HelloFresh, warns it is likely to miss its “mid-term” targets
HelloFresh, a Germany-based meal-kit delivery company, is facing challenges in meeting its “mid-term” revenue and profit targets. The company reported relatively flat revenue for 2023...
Premier Foods increases cash reserves through pension scheme adjustment
Premier Foods, a UK-based company known for brands such as Oxo, Homepride, and Mr Kipling, is set to benefit from a £33m windfall after suspending...
Butlers Farmhouse Cheeses Acquires Soft Cheese Manufacturer in UK
Butlers Farmhouse Cheeses (BFC), based in Lancashire, has acquired the Hampshire Cheese Company (HCC) in a move to enhance its range of soft cheeses. The...
Improving Volume Trends Seen by Campbell Soup Co. Following Q2 Decline
In the latest financial report, US food major Campbell Soup Co. is optimistic about improving volumes and consumer confidence in the coming year. CEO Mark...
Eat Just clarifies temporary halt in Singapore production
US-based alternative proteins manufacturer Eat Just has explained the reasons behind pausing its production of cultivated meat in Singapore. The company’s cell-based meat arm, Good...
Unilever unveils new “higher ambition” for climate emission targets
Unilever has recently announced its updated Climate Transition Action Plan (CTAP) with new climate emission goals, including near-term Scope 3 greenhouse gas reduction targets. The...
Kraft Heinz and NotCo collaborate to introduce plant-based alternatives to Oscar Mayer hot dogs
The latest product emerging from Kraft Heinz’s partnership with Chile’s NotCo is a range of plant-based Oscar Mayer hot dogs, set to be unveiled at...
Alternative meat company Tindle expands into dairy-free beverages
Tindle Foods, a Singapore-based meat-free supplier, is expanding into dairy-free beverages, targeting the US market. The company, known for its alternative meat products available in...
US FDA Approves New Claim: Yogurt May Reduce the Risk of Diabetes
The US Food and Drug Administration (FDA) has approved yogurt makers to include claims that their products may help reduce the risk of type 2...