Investors urge chocolate companies to increase pay for cocoa farmers
Global chocolate heavyweights, like Hershey and Lindt & Sprüngli, have been urged by shareholders to enhance cocoa farmer pay in their supply chains. The Investor...
Category : Finance
Nestlé sells Egmont Honey business in New Zealand
Nestlé is planning to sell New Zealand Manuka honey brand Egmont Honey, two years after acquiring the asset. The decision to divest the brand was...
Minerva and Marfrig Both Deny Receiving Regulator’s Proposed Deal Blockade
Minerva Foods and Marfrig have refuted claims of a deal between the two meat groups being blocked by the Uruguayan competition watchdog. The purchase agreement,...
Australia’s Darrell Lea to be auctioned off
Australian confectionery group Darrell Lea is reportedly set to be sold off by owner Quadrant Private Equity. The Sydney-based investor plans to bring the chocolate...
Greencore to shut down UK soup plant while securing contract for ready meals
Greencore is set to close a UK soup plant during the summer as part of its strategy to enhance efficiency across its manufacturing network. The...
Herr Foods, a US snack manufacturer, makes investment in new production facility
US-based savoury snacks maker Herr Foods is investing $31m to add a new facility and expand an existing one. This strategic move will lead to...
Prinsen Berning, a sports-nutrition group, secures new funding
Prinsen Berning, a sports-nutrition group, has recently secured a “long-term” financing agreement with Eurazeo, a European investment group. The financial details of this agreement have...
Wise equity funds acquire Casa della Piada from Aksìa
In a recent business development, Aksìa has divested its majority stake in Italy-based baked goods firm Casa della Piada to Wise Equity, a private-equity company....
Purchase the GoodWheat product line for Quality Food
Above Food Corp. is acquiring the better-for-you wheat products brand GoodWheat from Arcadia Biosciences, a move signaling a shift in the food and beverage industry...
Bridor, a bakery group, plans to establish another plant in the US
Bridor, a France-based bakery group, is expanding its presence in the US by establishing a third production site near Salt Lake City, Utah, to cater...