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...
Category : Finance
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,...
Nestlé to Allocate $550 Million Towards Chocolate and Confectionery Production Expansion in Brazil
Nestlé plans to invest 2.7bn reais ($550.8m) in its chocolate and biscuit operations in Brazil by 2026, triple the amount invested in the past four...
What’s Up Wellness, an Indian healthy gummies start-up, receives support from Unilever
Unilever Leads Seed Investment Round in Indian Health and Wellness Business Unilever, the renowned UK consumer goods giant, has made a significant investment in Indian...
Mondelez’s Planned Investment into an Australian Plastic Recycling Facility
Mondelez International, the owner of popular brands such as Oreo and Milka, has joined forces with packaging manufacturer Amcor to invest in Licella, a recycling...
Campbell Soup Co. Focused on Reinvigorating Stagnant Sales with Acquisition of Sovos, the Owner of Rao’s
The acquisition of Sovos Brands by Campbell Soup Co. has been announced, with the US giant aiming to strengthen its meals and beverages division. This...