Biotiful, a Kefir brand, expands beyond dairy as sales continue to grow
As Biotiful Gut Health seeks to boost volume momentum, the UK-based branded kefir manufacturer is expanding into non-dairy with the aim of capitalizing on food...
Category : Finance
Consultation launched by European Commission on ban of Bisphenol A in food packaging
The European Commission is considering banning the use of Bisphenol A (BPA) in food and drink packaging, following concerns over its “migrating” into food and...
Scottish First Minister affirms that 70% of agricultural funding will be allocated as direct payments
At the NFU Scotland conference, Scottish First Minister Humza Yousaf confirmed that at least 70% of the funding envelope from 2027 will be allocated to...
Raisio considers dropping “unrealistic” 2025 targets after disappointing sales year
Raisio, a Finnish better-for-you products business, announced its decision to shelve its growth and profitability targets for 2022-2025. This decision follows a year of flat...
Another Decrease in Germany’s Meat Production in 2023
In 2023, Germany saw a significant drop in meat production, according to the country’s Federal Statistical Office. Data from Destatis revealed a 4% decrease in...
Pekka Kuusniemi, CEO of Raisio, to resign from position
Pekka Kuusniemi, the CEO of Finland-based food group Raisio, has announced he will be leaving the Elovena owner in June. This development comes after Raisio...
Reliance Industries announces acquisition of Indian confectioner Ravalgaon
Reliance Industries, an Indian conglomerate, is expanding its FMCG assets by acquiring local confectioner The Ravalgaon Sugar Farm Ltd. The purchase, valued at Rs270m ($3.3m),...
Orkla ready to increase prices in response to rising costs
Orkla, a Norwegian food-to-hydro conglomerate, has announced its plan to increase prices this year in response to rising raw material costs, specifically cocoa, fish oils,...
Gelato d’Italia of Italy Acquires Giuntoli Assets from Administration
Italian-based Gelato d’Italia has acquired the assets of local ice lolly maker Giuntoli to strengthen its position in the food and drink industry. The purchase...
Ocho Candy Shuts Down Operations in the US
Ocho Candy, a US-based organic confectionery maker, has ceased operations after 14 years in business. The decision was made due to a “lack of ongoing...