Category : Finance

PepsiCo secures placement in Biedronka, the largest grocery chain in Poland

FAB Team17 June 20247 August 2024

by FAB Team17 June 20247 August 20241061

PepsiCo is set to resume selling its products through Biedronka, Poland’s largest grocery retailer. The US giant’s products had been absent from Biedronka’s shelves for...

CFO of Tyson Foods suspended following recent arrest

FAB Team17 June 202417 June 2024

by FAB Team17 June 202417 June 2024851

Tyson Foods, a key player in the food and drink industry, has taken action against its CFO, John R. Tyson, following his second arrest in...

Sacha Gerber, Emmi’s CFO, steps down from role in less than 18 months

FAB Team17 June 202417 June 2024

by FAB Team17 June 202417 June 2024953

Swiss dairy giant Emmi has announced the departure of its finance chief, Sacha Gerber, less than 18 months after assuming the role. Gerber decided to...

PepsiCo expands snack production with new facility in Kazakhstan.

FAB Team17 June 202417 June 2024

by FAB Team17 June 202417 June 20241180

PepsiCo, a US-based food manufacturing giant, is investing $160m in a new salty snacks plant in Kazakhstan. The new facility, set to be located in...

Construction of Kikkoman’s new US plant has begun

FAB Team17 June 202417 June 2024

by FAB Team17 June 202417 June 20241021

Kikkoman Corp., a leading soy-sauce manufacturer, has commenced the construction of a new factory in the US, marking its third facility in the country. The...

GoodLife Foods to purchase Spanish frozen-food company Audens Group

FAB Team17 June 202417 June 2024

by FAB Team17 June 202417 June 20241282

GoodLife Foods, a Dutch vegetarian-foods maker, is set to acquire Spain’s Audens Group Solutions. The Barcelona-based Audens specializes in frozen ready-meals and Portuguese products. The...

Kyokuyo acquires controlling interest in Northseafood Holland

FAB Team14 June 202414 June 2024

by FAB Team14 June 202414 June 20242086

Tokyo-listed seafood company Kyokuyo has acquired a majority interest in Northseafood Holland to strengthen its presence in overseas processing. The undisclosed stake, acquired through the...

DayDayCook acquires Asian food brand Omsom

FAB Team14 June 20247 August 2024

by FAB Team14 June 20247 August 20241845

Asian cuisine business DayDayCook has acquired US-based peer Omsom, solidifying its position in the food and beverage industry. The financial details of the acquisition have...

Chiquita is legally required to pay compensation for supporting Colombian terrorists

FAB Team14 June 202414 June 2024

by FAB Team14 June 202414 June 20241970

Chiquita Brands International has been directed by a US court to pay $38.3m in damages to the families of victims murdered by a Colombia paramilitary...

Spain sandwich maker Grupo Ñaming acquired by new private equity firm

FAB Team14 June 2024

by FAB Team14 June 20241359

Grupo Ñaming, a convenience-foods maker based in Spain, has recently changed ownership with Italy’s DeA Capital acquiring a majority stake from Talde Private Equity. Jorge...