New factory to be opened by convenience-foods manufacturer Around Noon in the UK
Around Noon Foods plans to open a new UK factory in order to support its future expansion, following impressive organic growth in recent years. The...
Category : Finance
Closure of 35 Hog Farms in the US Announced by Smithfield Foods
US pork processor Smithfield Foods is planning to close 35 hog farm sites in Missouri, leading to the layoff of 92 employees in October. The...
Nestlé Expanding Production Capacity with New Production Lines in Egypt
The food and beverage industry trends are witnessing Nestlé’s investment in its operations in Egypt, as the company plans to add four production lines to...
Saputo discards profit target due to subdued consumer demand
Saputo, a Canadian dairy major, is facing challenges in achieving its key 2025 profit target due to waning consumer demand and ongoing market headwinds in...
Halo Food Divests the Healthy Mummy Weight-Loss Business
Halo Food has divested its weight-loss food business, The Healthy Mummy, to Mosh, a local Australian hair loss and healthcare company. This strategic move comes...
Q2 sees a decline of 30.5% in net revenue for Beyond Meat
Plant-based food producer Beyond Meat has announced its Q2 trading results, revealing a significant decrease in net revenue of 30.5% compared to the previous year....
Feihe, an Infant-Formula Group in China, Issues Profit Warning
In a recent statement, China Feihe, a major player in the food and beverage industry, has issued a warning about a possible significant drop in...
Utz Brands set to rebound with improved gross margin as obstacles lessen
The food and beverage industry is witnessing trends that are impacting businesses in the sector. Utz Brands, a US snacks maker, is anticipating a recovery...
Meatable founder predicts initial cultivated-meat products to incur losses as loss leaders
Credit: Meatable / X One of the founders of Dutch cultivated-meat company Meatable has stated that the business is unlikely to achieve profitability with its...
LoveSeitan terminates alt-protein Facon Bacon start-up
LoveSeitan, a UK plant-based protein start-up previously supported by vegan entrepreneur Heather Mills, has decided to cease operations. Mills, the owner of vegan business VBites,...