Union reports Unilever will be reducing job cuts at Knorr plant in Germany
Unilever is strategically reducing the number of job cuts at its Auerbach factory in Germany, as confirmed by local union representatives. Approximately 80 jobs are...
Category : Finance
New Culture seeks new investors amid high investor interest in animal-free dairy sector
New Culture, a California-based animal-free dairy business, is in the process of raising funds in a Series B round as it prepares to launch its...
Norwegian bakery Scandza to sell to Danish investors
Norwegian food group Scandza has announced the sale of its biscuits brand Bisca to Danish private-equity group Erhvervsinvest Management. The financial details of the deal...
South Africa’s RCL plans to unbundle and publicly trade Rainbow Chicken division
RCL Foods has announced plans to unbundle and list its Rainbow poultry business. The South African food major revealed on 4 March that it intends...
Unilever makes strategic investment in Liquid IV beverage brand production
Unilever is investing $80m into a US facility to enhance the production capacity for the functional beverage brand Liquid IV. The expansion and automation of...
High Liner Foods Makes Strategic Investment in Norwegian Cod Group
Canadian frozen foods manufacturer High Liner Foods recently invested $5m in the Norwegian North Atlantic cod farming company, Norcod AS, acquiring a 10% stake in...
South Mill Champs partners with a new venture to expand mushroom production
South Mill Champs, a US-based mushroom cultivator and supplier, has announced a cross-border partnership with Mexican private investment company Grupo APAL. The joint venture, named...
Conagra Brands divests ownership in India’s Agro Tech Foods
Conagra Brands has recently announced the sale of its controlling stake in India’s Agro Tech Foods (ATFL) to local investment businesses Convergent Finance and Samara...
Two frozen vegetable processors in the US, Twin City Foods and Smith Frozen Foods, set to merge
US frozen food companies, Twin City Foods and Smith Frozen Foods, have entered into a nonbinding agreement to merge and form a new entity named...
Australian retailer Coles denies allegations of price gouging
Amid political scrutiny over inflation in the food and beverage industry, Australian grocery giant Coles has denied accusations of price gouging. Coles CEO Leah Weckert...