Spain’s Grupo Gallo Partners with Chefs to Launch Broths in US Retail Market
Spain’s Grupo Gallo is set to launch a new range of broths in the United States through a collaboration with renowned chef José Andrés. This...
Category : Finance
Löfbergs CEO to Depart for Leadership Role at Humble
Anders Fredriksson, the current CEO of the Swedish coffee business Löfbergs, is transitioning to lead the local FMCG group Humble. His appointment marks a significant...
Campbell’s Seeks to Rebuild Snack Margins Following Decline
The Campbell’s Company is optimistic about revitalizing its snacks division during the latter half of the fiscal year. The goal includes stabilizing margins by the...
Bel Group Invests $200 Million in Babybel Plant Expansion
Bel Group is making a significant move by investing $200 million to enhance the production capabilities of its Babybel cheese line in the United States....
Union Calls Kraft Heinz’s Plan to Close NZ Factories “Devastating”
Heinz Wattie’s, a subsidiary of the US-based Kraft Heinz Company, is set to shut down several factories across New Zealand, potentially affecting around 350 jobs,...
Damm to Cease Operations at Mallorca Dairy Facility
Damm, a prominent player in the food and beverage industry, has officially announced the closure of its dairy facility in Mallorca. This decision aligns with...
Heck to Repurchase Stake from Private Equity Group Panoramic
UK sausage manufacturer Heck Food is in the process of repurchasing shares owned by private-equity investor Panoramic. This move aims to restore full family ownership,...
Beyond Meat Receives Delisting Warning Notification
Beyond Meat faces a possible delisting from the Nasdaq Global Select Market, as its stock price has remained below the required threshold of $1 for...
Activist Investor Starboard Increases Pressure on Lamb Weston
Lamb Weston has drawn the attention of another activist investor as Starboard Value advocates for a potential sale of the potato-product supplier’s international assets. In...
Meiji to Invest in US Production of Hello Panda
Meiji Holdings plans to invest Y10 billion ($63.4 million) to boost the production of Hello Panda biscuits at its facility in York, Pennsylvania. This expansion...