JBS Pumps Substantial Funds into Australian Operation
Brazilian meat giant JBS’s Australian subsidiary Rivalea has invested A$20m ($13.7m) in upgrading its facility, demonstrating its commitment to growth and improvement in the food...
Category : Finance
Patanjali Ayurved, owner of Patanjali Foods, reduces stake in compliance with regulatory rules
Patanjali Ayurved, an Indian FMCG giant, is reducing its stake in local edible oil supplier Patanjali Foods. This move comes as the market regulator, the...
Volume declines do not deter US private-label as it outperforms brands
The opening half of 2023 saw a decline in volume sales of both private-label and branded goods in the US food and beverage industry. However,...
New fair price regulations warmly received by UK dairy sector
Plans to promote fairness and transparency in the UK dairy sector through new regulations have been welcomed by industry bodies. The Department for Environment, Food...
Paulig divests minority stake in Fuchs, a German spices business
Finland-based food company Paulig has sold its shares in German spices producer Fuchs Group, marking the end of their 23-year investment in the company. The...
US listing back on the table for Brazil’s JBS
JBS, a major player in the food and beverage industry, is seeking a stock-market listing in New York. This move will provide the meat giant...
Research finds PepsiCo and Danone among Russia’s top revenue earners
The food and beverage industry in Russia continues to attract criticism from various sources, including B4Ukraine, which highlights the presence of Western companies like PepsiCo,...
Thomas Foods Assumes Complete Ownership of Frew Foods
The Australian meat and seafood supplier, Thomas Foods International (TFI), has acquired full ownership of local peer and family business Frew Foods International. This deal,...
Danone Implements “Localisation” Strategy, Renaming Activia Dairy Brand in Russia
Danone is localizing its Activia dairy brand in Russia and renaming it as AktiBio, in a move that aims to cater to the preferences of...
Monogram Foods, a US meat group, faces fine for engaging in child labor
Monogram Foods, a US-based meat company, has recently been fined over $30,000 for violating child labor laws at one of its Minnesota plants. This violation...