Cris-Tim, the Romanian Ready-Meals Manufacturer, Prepares for IPO
Cris-Tim, a prominent Romanian food business, is set to launch an initial public offering (IPO) on the Bucharest Stock Exchange. In a statement released on...
Tag : business news
Panelto Foods Invests €7 Million in New Bread Production Line at Longford Facility
Panelto Foods is making a substantial investment of €7m ($8.2m) to install an additional bread production line at its operational facility in Longford, Ireland. Since...
Mitsubishi Withdraws from Stake Increase in Thai Union
Thai Union Group announced that a proposal from Japanese conglomerate Mitsubishi Corp. to boost its stake in the seafood giant has encountered significant challenges. The...
TasFoods Finalizes Agreement to Sell Pyengana Dairy
Australia’s TasFoods has announced the sale of its Pyengana Dairy business, a pivotal step in its strategy to enhance its poultry processing division. The artisan...
Nestlé Names New CEO for Nespresso
Alfonso Gonzalez Loeschen will assume the position of Nespresso CEO and join the group executive board this November. In this new role, he will transition...
Amazon to Shut Down All Amazon Fresh Grocery Locations
In a significant strategic move, the firm has proposed the closure of 14 stores and the conversion of an additional five to the Whole Foods...
Bakery Company Vandemoortele Secures New Financing
Belgian bakery group Vandemoortele has secured €100m ($118.01m) in funding to drive its expansion initiatives. The company, renowned for its bakery products as well as...
Paramount Retail Group Purchases DB Foods Group
DB Foods has announced an exciting new chapter of growth, secured through its recent acquisition by the Paramount Retail Group. This transition marks a pivotal...
Hovis CEO Jon Jenkins Resigns After Three Years in Leadership Role
Hovis CEO Jon Jenkins is stepping down after three impactful years at the helm of this prominent UK bakery. Jenkins’ departure comes in the wake...
Bega Group Sells Peanut Assets to Preserve 30 Jobs
Australia’s Bega Group has successfully found a buyer for its peanut processing assets; however, it will proceed with the business closure. Bega announced in July...