UK Vegan Food Group Sells German Assets to Peer New Originals
Vegan Food Group (VFG), the UK parent company of brands such as VFC, Meatless Farm, and Clive’s, has made a strategic move by selling its...
Category : Finance
Arla Foods Targets Majority Stake in Egypt’s Domty
Dairy industry leader Arla Foods is strategically positioning itself to acquire a majority stake in Arabian Food Industries, commonly known as Domty, a significant player...
FrieslandCampina Under Scrutiny as China Launches EU Dairy Investigation
FrieslandCampina is one of three major EU dairy corporations targeted by China for a sampling exercise amid an anti-dumping investigation that commenced in August. According...
Clemens Food Group to Close Kunzler Facility in Lancaster
Clemens Food Group, a prominent player in the US pork production sector, has announced the impending closure of its Kunzler facility in Pennsylvania, which will...
Amy’s Kitchen to Reduce Workforce Due to “Industry Challenges”
US-based organic food company Amy’s Kitchen plans to cut over 300 jobs in its domestic market, a move aimed at addressing significant challenges within the...
Südzucker Issues Caution Regarding Q3 Earnings
Südzucker, the Germany-based group specializing in sugar and convenience foods, has issued a profit warning, attributing its forecasted decline to geopolitical factors. The company anticipates...
Bikaji Foods Purchases Majority Stake in The Hazelnut Factory
Indian snacks manufacturer Bikaji Foods International is set to acquire a majority stake in Hazelnut Factory Food Products, a prominent local café and artisanal sweets...
Danish Crown to Lay Off an Additional 500 Employees
Danish Crown is set to eliminate approximately 500 jobs amid warnings from CEO Niels Duedahl that the co-op is “in the midst of a crisis.”...
Applied Nutrition Establishes Pricing for Initial Public Offering
Applied Nutrition has announced the pricing range for its upcoming IPO, which could value the UK-based company at up to £400 million ($523.2 million). This...
Produce Industry to Establish Guidelines for Compostable Stickers
Fresh produce industry stakeholders and composting organizations have united to advance the creation of “certified” compostable stickers for fruits and vegetables. This collaborative move aims...