Competition Authority Approves LDC’s Acquisition of Groupe Routhiau
The recent acquisition by poultry group LDC of Groupe Routhiau, a company specializing in meat and plant-based products in France, has received approval from competition...
Category : Finance
Oatly to Shut Down Singapore Facility Amid Ongoing Cost-Cutting Measures
Oatly, headquartered in Sweden, plans to close its Singapore manufacturing facility. This decision is part of a broader strategy aimed at reducing costs and steering...
AHDB and GB Potatoes Forge New Partnership Agreement
The potato sector is poised for significant advancements with the initiation of seven industry projects, backed by residual levy reserves. This development follows the formal...
Cargill May Lay Off Approximately 8,000 Employees as Part of 5% Workforce Reduction
Cargill has announced plans to reduce its global workforce by 5%, which, according to the company’s annual report, could equate to around 8,000 jobs. As...
Gelit, the Italian Frozen Food Company, Undergoes Change in Ownership
Frozen-food company Gelit has been successfully sold to Wealth Venture Fund Sicar, a firm based in Luxembourg. Previous investors Consilium and Progressio, along with entrepreneur...
Argos Wityu Purchases Italian Dry Bakery Producer Monviso
Argos Wityu, a pan-European investment group, has officially acquired the Italian bakery manufacturer Monviso. The financial details of this transaction remain undisclosed. With nearly 90...
CJ CheilJedang of South Korea to Establish Factory in Europe
South Korean food giant CJ CheilJedang is making significant strides in the food and beverage industry by establishing a new production facility in Hungary, aimed...
Campbell’s Elevates Mick Beekhuizen as New CEO Following NFL Departure
Mark Clouse is stepping down as President and CEO of Campbell’s Company to pursue a career in American football. Clouse has held these roles since...
Butterball to Shut Down Arkansas Facility by 2025
Butterball, a prominent US-based turkey processor, plans to close its Jonesboro, Arkansas processing plant in 2025. This closure will directly impact approximately 180 employees. On...
APU Dairy in Mongolia Secures Funding to Expand Operations
APU Dairy, a leading milk producer in Mongolia, has successfully secured a significant loan totaling Tg136.55bn ($40 million) from two esteemed development finance institutions to...