Unilever’s H1 performance showcases robust growth with a 10.4% increase in nutrition sales
Unilever has announced its results for the first half of 2023 (H1) and reported that its underlying sales growth has been especially strong. In emerging...
Category : Finance
Carrefour asserts that food suppliers are not reducing their prices
Despite pressure from the French government to reduce prices, the country’s largest food manufacturers are not “playing the game,” according to grocery major Carrefour. Carrefour’s...
Shares of Oatly tumble following revised sales forecast
Oatly, a renowned player in the food and beverage industry, has witnessed a significant plunge in its shares following a recent downward revision of its...
Marico of India Acquires Majority Stake in D2C Brand Plix
India-based consumer goods giant Marico is set to strengthen its position in the food and beverage industry through a majority stake acquisition in Satiya Nutraceuticals,...
Avril Acquires Majority Ownership in Hari&Co, a Leading Plant-Based Food Manufacturer
France-based agri-food company Avril Group has acquired a majority stake in local plant-based food manufacturer Hari&Co. This strategic move strengthens Avril’s position in mass consumption...
KTC Acquires Greencore’s Oil Division Trilby
Greencore Group, a convenience food business headquartered in Dublin, has announced the sale of its edible oils unit, Trilby, to UK-based KTC for approximately €9.8m...
Britvic diversifies its offering through the purchase of the UK’s rapidly expanding ‘ready to drink’ iced coffee label
Britvic plc has recently acquired Jimmy’s Iced Coffee, the fastest-growing ready-to-drink (RTD) iced coffee brand in the segment, founded in 2010. In the year leading...
Nestlé Indicates Improved Volume and Margin Restoration as Pricing Becomes More Balanced.
Nestlé is aiming to achieve positive growth in its key underlying metric of real internal growth (RIG) as the impact of pricing moderation on volumes...
Yowie Group’s CEO Resigns from Leading Role at Confectionery Company
Mark Schuessler, the MD and CEO of Australia-based confectioner Yowie Group, has resigned from his positions. Schuessler, who took on the role of CEO in...
Danone alters pricing approach amidst European margin decline hitting rock bottom
Danone plans to adjust pricing strategies as inflation eases throughout the financial year. The French dairy company increased prices by 8.7% in the second quarter,...