Danone considers partnership with plant-based formula company Else Nutrition
In the food and beverage industry, the kids formula market has long been dominated by bovine formula, with over 90% of the industry relying on...
Tag : business
Mars completes acquisition of Hotel Chocolat in confectionery merger and acquisition deal
Mars Inc., a US-headquartered confectionery major, has announced plans to acquire British chocolate retailer Hotel Chocolat for more than £534m (€610m), marking a significant move...
Mondelez Downplays Private Label Threat, Cites Strong Consumer Confidence in Asia and Middle East
Mondelez recently announced its Q3FY2023 financial results, reporting net revenue growth of 16.3% year-on-year to US$9bn and gross profit growth of 20.1% year-on-year to US$3.5bn....
Unilever’s push for reformulation in ice cream industry
Unilever has recently announced its intention to reformulate its ice cream products, encouraging other manufacturers to follow suit in order to achieve more energy-efficient freezer...
Retail organizations appeal to the chancellor for a freeze on business rates
The British Retail Consortium, Association of Convenience Stores, British Independent Retail Association, UKHospitality, and ukactive are warning about the risk to businesses, jobs, and the...
Leveraging Satellites, Maps, and Data to Improve Supply Chain Cleanliness
The European food and beverage industry is experiencing significant trends in food manufacturing, food processing technology, and food distribution. The sector is also witnessing innovative...
Expansion of EIT Food into Brazil offers new opportunities for food tech start-ups
The EIT Food Accelerator Network (FAN) has expanded to Brazil, a key region in the food and beverage industry trends. The new hub in Campinas,...
New Alt Seafood Association Aims to Close the Global Protein and Omega Gap
The launch of the ‘world’s first’ alternative seafood association, Future Ocean Foods, is making headlines today. This organization represents makers of plant-based, fermentation-enabled, and cultivated...
Beyond Meat faces ongoing challenges in the US, ramps up efforts to expand in the EU
Beyond Meat, a US-based plant-based meat pioneer, is facing financial struggles in the food and beverage industry. In August, the company announced a significant decrease...
Asda successfully concludes £2bn purchase of EG Group’s UK business
Buying the EG UK business is key to Asda’s strategic plan to create a value-led convenience offer by rolling out Asda Express across EG UK’s 356...