German Grocer Rewe Supports Sugar-Reduction Company Neoh
Austrian food-tech firm Neoh has attracted significant investment to further its sugar-reduction initiatives, with German retail behemoth Rewe Group stepping in as a key backer....
Category : Finance
PepsiCo to Permanently Shut Down Frito-Lay Facility in California
PepsiCo has announced the permanent closure of its Frito-Lay snacks facility in southern California, putting over 200 jobs at risk. Located in Rancho Cucamonga, the...
Danone Reports First-Quarter Sales Impact Due to Formula Recall
Danone does not foresee any tightening of regulations following the infant formula recalls, citing a minimal impact on sales for the dairy giant. In its...
Sara Lee Frozen Bakery Appoints New CEO
Sara Lee Frozen Bakery has announced the appointment of Peter Laport as the new CEO, marking a significant step in the private-equity-backed group’s strategy for...
Comvita Attracts International Interest for Capital Raising Initiative
Comvita has sparked overseas interest as it progresses with a capital raise under its broader recapitalization program, particularly relevant to current trends in the food...
Orkla Acquires Austrian Manufacturer of Margarines and Sauces, Senna
Orkla’s ingredients business unit has finalized an agreement to acquire Senna, an Austrian manufacturer of margarine, sauces, and dressings, from Vivatis Holding. The financial details...
Nestlé Divests Last of Its Ice Cream Assets
Nestlé is divesting its remaining ice cream operations that are not part of its Froneri joint venture with PAI Partners, marking a significant shift in...
Brownes Dairy Launches Full+ Meal Replacement Line
Brownes Dairy has made a significant move into the meal replacement sector with the launch of its new brand, Full+. In a statement released on...
Hormel Foods Divests Whole Turkey Division
Hormel Foods has announced a strategic move to sell its whole-bird turkey business to Life-Science Innovations (LSI) as part of its efforts to refine its...
General Mills Dashes Growth Expectations
General Mills Faces Organic Sales Challenges Amid Consumer Sentiment Shifts General Mills has eliminated the possibility of organic sales growth for this year, as recovery...