Unilever Incurs $1 Million Fine in Greece for “Unjustifiable Profiteering”
The Greek government’s Ministry of Development has imposed a €1m ($1.1m) fine on Unilever for unfairly profiteering. This penalty is in violation of article 54...
Category : Finance
UK Factory Expansion Funded by Calbee-owned Seabrook Crisps
Seabrook Crisps, owned by Japan-headquartered snacks maker Calbee, is set to invest £12m in expanding its UK plant in Bradford. The company, which was acquired...
Closure of Dairy-Free Facility in California by Miyoko’s Creamery
Miyoko’s Creamery, a leading US plant-based dairy manufacturer, will close its Petaluma, California facility on 1 January 2024. The company made this difficult decision as...
Bakery site undergoes “shake-up” as Frank Roberts & Sons in the UK reveals changes
Frank Roberts & Sons, a British family-run baking group and owner of Roberts Bakery, has announced plans to relocate its biscuit business, The Little Treats...
Kraft Heinz adjusts organizational structure to expedite growth
Kraft Heinz has announced changes to its organizational structure, including the division of its international arm into three units. The US food and beverage giant...
Spanish meat company Argal secures investment from Smithfield Foods
Smithfield Foods, a US-based pork producer, has formed a strategic alliance with Argal Group, a Spanish packaged cold cuts company. In this partnership, Smithfield will...
Terrena engages in discussions to acquire French counterpart Tipiak
Terrena, a France-based co-op, is currently in exclusive negotiations to acquire a majority stake in frozen and shelf-stable food manufacturer Tipiak. The co-op is looking...
Homegrown Brands announces SVB Foods’ inclusion in their integrated family
Homegrown Brands, a US-based accelerator for the CPG industry, recently completed an integration with condiments and dressings business SVB Foods. The combined company, operating under...
Happy Cheeze, a plant-based brand, acquired by Germany’s Veganz
Berlin-based plant-based food retailer Veganz has acquired “significant parts” of cheese alternatives producer Happy Cheeze, which filed for insolvency earlier this year. Veganz will take...
Mission Produce plans to expand avocado capacity at UK site, doubling production capacity
Mission Produce, a leading US avocado business, has announced plans to double its ripening capacity and expand its operations to include mangoes at its distribution...