Founder and Chairman of Dali Foods Group, Tables Takeover Bid
The founder and chairman of Dali Foods Group, Xu Shihui, plans to privatize the Chinese bakery and beverage business in a move that would take...
Category : Finance
RCL Foods, South Africa, Provides Yet Another Profit Warning
The South African food and beverage industry is facing challenges as RCL Foods, a major manufacturer in the sector, has issued a profit warning. The...
Expansion of domestic factory investment by Monde Nissin.
Monde Nissin, the owner of Quorn, has made a 1.2bn pesos ($21.7m) investment in its Davao City facility in the southern Philippine island of Mindanao,...
Tattooed Chef initiates bankruptcy proceedings following unsuccessful attempts to secure new funds for its plant-based venture
Loss-making US plant-based food business Tattooed Chef is actively seeking a buyer in the midst of financial difficulties within the food and beverage industry. The...
Belgium Plant at Epicenter of 2022 Outbreak and Kinder Recall Exposes Salmonella Traces Traced by Ferrero
Salmonella has once again been detected at Ferrero’s Arlon plant in Belgium, a site that experienced an outbreak and product recall last year in the...
New Chief Executive Officer Appointed at US Sugar Manufacturer, Amalgamated Sugar
Amalgamated Sugar, a leading US sugar producer in the food and beverage industry, has announced the appointment of Fran Malecha as its new CEO. Malecha...
New CEO appointed at Forbidden Foods amidst board reshuffle
Forbidden Foods, an Australian healthy food business in the food and beverage industry, has announced key leadership changes and board restructuring. The company has appointed...
Ireland’s Panelto Foods acquired by European Bakery Group backed by private equity
European Bakery Group, a recently-formed private-label business in the food and beverage industry, has acquired Panelto Foods, a bakery based in Ireland. The financial details...
Baladna, a Qatari company, increases ownership in Egyptian dairy firm Juhayna
In the food and beverage industry, Baladna, the Qatar-based dairy group, has made another strategic move by acquiring additional shares in Egypt’s Juhayna Food Industries....
SBK Art objects to Fortenova’s asset sale proposals
The Croatian food and beverage company, Fortenova Group, is facing a challenge over its plans to sell assets by shareholder SBK Art in a control...