Nestlé Faces Setback as Brazil Recalls Alfamino Formula Due to Iodine Concerns
Nestlé’s infant formula division is under increased scrutiny due to a recent recall in Brazil involving a specific baby powder brand. The company faces challenges...
Category : Finance
Increased Job Uncertainty at ABP Food Group Amid Ongoing Meat Industry Challenges
More job reductions are anticipated at Ireland’s ABP Food Group as consultations commence with employees at its Waterford facility. ABP Food Group announced in a...
Saputo Transfers Control of Argentina Division to Grupo Gloria
Saputo recently announced a significant agreement to sell an 80% stake in its Argentina dairy business to Grupo Gloria, effectively transferring control of the operation...
Kraft Heinz Temporarily Halts Plans for Company Split
Kraft Heinz has decided to pause its plans for a split into two distinct entities. Instead, the company is now prioritizing strategies to revitalize its...
Cargill to Shut Down Domestic Meat Plant
US meat giant Cargill is planning to close its ground-beef processing plant located in Milwaukee, Wisconsin. This decision will result in the permanent elimination of...
Reliance Industries Expands Portfolio with Acquisition of Southern Health Foods
India’s Reliance Industries is making waves in the food and beverage sector with its recent acquisition of Southern Health Foods, a significant player in the...
Magnum Ice Cream Pursues Volume-Driven “Competitive Growth” Strategy
The CEO of the Magnum Ice Cream Company (TMICC) has highlighted a key focus on enhancing volume and achieving “competitive growth” in its inaugural year...
JM Smucker Eliminates COO Position Amid Leadership Restructuring
JM Smucker is restructuring by eliminating its COO position as part of significant leadership changes within the U.S. food and beverage company. On February 10,...
Eshbal Secures Partnership with Dare To Be Different Foods
Israel’s Eshbal Functional Food has finalized the acquisition of a 55% interest in the U.S. low-carb and gluten-free brand, Dare to Be Different Foods (D2BD)....
Marico Acquires Majority Stake in Protein Products Company Cosmix
Marico has strengthened its position in the food and beverage industry by acquiring a 60% stake in the Indian protein-products company, Cosmix Wellness. The Rs...