FrieslandCampina presents cost-saving strategy
FrieslandCampina, a Dutch dairy co-op, has revealed its intentions to cut costs across its business. The company aims to save €400-500m ($423-528m) in costs starting...
Category : Finance
Mondelez Abandons Lower-Sugar Version of Cadbury Dairy Milk
Mondelez International is discontinuing its Cadbury Dairy Milk bar with 30% less sugar, which was initially launched in 2019 as part of the company’s efforts...
Pritzker Private Capital purchase includes Sugar Foods management team
In a recent acquisition, Illinois-based investment company Pritzker Private Capital has purchased US business Sugar Foods Corp. Known for producing croutons, cheese snacks, and tortilla...
Shareholder Group Disappointed by Nestlé’s Commitment to Healthy Products
A group of influential shareholders has criticized Nestlé, the multinational food and beverage company, for its approach in promoting healthier products to increase sales. Coordinated...
Umiami secures fresh funding for innovative meat-free factory project
France’s plant-based chicken start-up Umiami has secured an additional €32.5m ($34.1m) in funding, bringing its total financing to €100m. The company, founded in 2020 by...
PepsiCo unveils strategy to enhance snacking activities in Brazil
The food and beverage industry trends continue to evolve, and global giant PepsiCo is keeping up by announcing an expansion to its snacking plant in...
Orkla Supports Eden Brew, a Innovative Animal-Free Dairy Start-Up
Eden Brew, an Australian start-up focused on animal-free dairy proteins and products, has secured new investment. In a recent financing round, Nordic food heavyweight Orkla...
Trade body BRC reports first decline in UK food prices in two years
According to the British Retail Consortium (BRC), fierce competition among retailers in the UK has led to a drop in food prices for the first...
Second Mochi Ice Cream Production Facility Funded by Little Moons
Little Moons, the UK-based mochi ice cream desserts business, is preparing to open its second factory, marking its first expansion outside of London. The company,...
Meati Foods remains confident in achieving $1bn sales target despite slowdown in alternative protein
Meati Foods confidently aims to achieve its $1bn sales target by 2025, despite the slowdown in demand for alternative-protein products in the US. The Boulder,...