Danone Acquires Majority Stake in Plant-Based Nutrition Company Kate Farms
Danone has recently secured a deal to acquire a majority stake in Kate Farms, a U.S.-based company specializing in plant-based and organic nutrition products. Founded...
Tag : business news
John Tyson, Former CFO of Tyson Foods, Named Director
John R. Tyson, the former CFO of Tyson Foods, has now been appointed as a director of this prominent US meat giant, following his suspension...
Tesco Reassesses Ambitious 300% Growth Target for Plant-Based Meat
Tesco has expressed uncertainty regarding its ambition to achieve a 300% growth target for plant-based meat as sales in this category “slow”. The UK’s largest...
IDAK Food Group Acquires Pizza Company Sorrento Sapori e Tradizioni
Switzerland’s IDAK Food Group recently acquired Italian pizza maker Sorrento Sapori e Tradizioni for an undisclosed amount, as announced on May 5. Headquartered in Eboli,...
Linda McCartney’s CEO Steps Down Immediately Amid Declining Sales
Wendy Davison has served as president and CEO of the New Jersey-based group, which includes notable brands such as Linda McCartney’s, Ella’s Kitchen, Hartley’s, and...
Deliveroo Supports DoorDash’s £2.9 Billion Acquisition Bid
In a statement issued on the London Stock Exchange (LSE) on May 6, Deliveroo announced that its board of directors has endorsed an offer from...
Bega Group to Shutter Strathmerton Plant as Part of Consolidation Efforts
Australian food company Bega Group has announced plans to close its cheese processing and packaging facility in Strathmerton, Victoria. In a statement released on May...
Nestlé Confectionery UK & Ireland Announces New Managing Director Appointment
This month marks a significant transition at Nestlé Confectionery UK & Ireland, as Scott Coles steps in as managing director, succeeding Mark Davies. Davies is...
Grupo Bimbo Acquires Karamolegos Bakery in Romania
Grupo Bimbo has recently acquired Karamolegos Bakery Romania, marking yet another strategic move by the acquisition-driven Mexican bakery group. This transaction, consistent with Grupo Bimbo’s...
Switzerland’s Hero Group Appoints New CEO
Swiss food manufacturing company Hero Group has elevated chief business officer Christian Schierbaum to the role of CEO. Schierbaum will take over from Rob Versloot,...