Post Holdings commits to streamlining Weetabix operations
The US-based Post Holdings has reported a decrease in adjusted EBITDA for its Weetabix business unit despite a 15.5% increase in net sales in the...
Category : Finance
Mars completes acquisition of Hotel Chocolat in confectionery merger and acquisition deal
Mars Inc., a US-headquartered confectionery major, has announced plans to acquire British chocolate retailer Hotel Chocolat for more than £534m (€610m), marking a significant move...
Unifrutti, the Global fruit group, names Mohamed Elsarky as CEO
Unifrutti Group has named Mohamed Elsarky as the new CEO of the company. Experienced in the food industry, Elsarky has had leadership roles at companies...
Premium Brands Holdings expands into Asia with new retail partnerships
The latest developments at Premium Brands Holdings, a North America-focused food business, have the potential to contribute C$100m ($73.2m) to sales in Asia. The company...
Mars Announces Plan to Purchase Hotel Chocolat for £534m
Global confectionary and pet food manufacturer Mars is poised to acquire UK chocolate manufacturer and cocoa grower Hotel Chocolat for the sum of £534 million....
The WHO supports the consumption of certain ultra-processed foods, according to a new report.
The World Health Organization (WHO) and the University of Vienna have released a report indicating that the consumption of some ultra-processed foods (UPFs) can have...
Tyson Foods forecasts challenges for beef as protein sales expected to remain steady
In the latest financial results, Tyson Foods is experiencing a challenging outlook for its beef segment as the company anticipates “flat” overall protein sales in...
Hotel Chocolat secures partnership with retailer Mars
Mars has successfully made a move to acquire Hotel Chocolat, a renowned UK retailer that specializes in high-end chocolate products. The offer, valued at £534m...
Greenery, a fruit-and-vegetable group, appoints Markowski as CEO
The Greenery has appointed David Markowski as its new CEO. Before assuming this role, Markowski served as the company’s strategy director for nearly four years....
E20 Investment Acquires Majority Stake in Turkey’s Lucky Fish Seafood Supplier
E20 Investment, based in the United Arab Emirates, has recently acquired a majority stake in Lucky Fish, a fish processing business in Turkey. The acquisition...