Palforzia peanut allergy business sold by Nestlé
The food and beverage industry is witnessing significant trends and changes, impacting businesses across the globe. Nestlé, a key player in the market, has recently...
Category : Finance
Fonterra Hints at Possible Job Cuts as Part of Cost-Saving Strategy
Fonterra, a dairy cooperative based in New Zealand, is aiming to achieve NZ$1bn ($596m) in cost savings, potentially leading to job cuts. According to CEO...
Campbell Soup shifts focus towards margin growth as inflation subsides
The food and beverage industry is witnessing some notable trends that are impacting business strategies. Campbell Soup Co. is making efforts to position itself for...
Iceland Seafood divests UK division to Espersen
Iceland Seafood International (ISI) has agreed to sell its UK division to Espersen, a Danish seafood producer. The Danish company specializes in value-added food products...
German start-up Jokolade, a Fairtrade chocolate brand, sells 50% of its shares to Katjes.
German confectionery major Katjes has announced its acquisition of a 50% share in local peer Schoko Winterscheidt, also known as Jokolade. This strategic move allows...
Yowie Group Acquires Assets of Australian Chocolate Maker Ernest Hillier
Yowie Group has completed the acquisition of Ernest Hillier, an Australia-based chocolate maker that recently entered voluntary administration. The deal, valued at A$375,000 ($242,476), includes...
All-Australian Deal: Bega Group Acquires TasFoods Dairy Brands
Australia’s Bega Group has agreed to purchase the Betta Milk and Meander Valley Dairy brands from TasFoods, a local dairy company, for A$11m ($7.1m) plus...
PepsiCo Commits to Investing in Instacart’s Upcoming IPO
In a major development, grocery delivery service Instacart has announced its plans for a public share offering. To boost this move, PepsiCo has committed an...
Halo Food forced to bring in administrators following disappointing business assessment
New Zealand-based food and beverage company, Halo Food, has made the decision to enter voluntary administration following an unsuccessful strategic review. The company, formerly known...
Danone Takes Over Ukrainian Dairy Brand, Replacing Russian Competitor
Danone has discontinued the Prostokvashino brand in Ukraine and unveiled a new brand called Prosto Nashe on Ukraine’s Independence Day. The launch of the new...