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...
Tag : Food Industry
Beyond Meat Navigates a Risky Landscape Amid Economic Uncertainty
One must wonder how much longer loss-making Beyond Meat can navigate the challenges posed by muted demand for plant-based proteins, especially as economic uncertainty in...
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,...
Bakkavor Extends Greencore’s ‘Put Up or Shut Up’ Deadline for the Second Time
The ‘put up or shut up’ (PUSU) deadline was initially extended to 5 PM on 9 May, following the realization that a comprehensive agreement would...
Gay Lea Foods Sells Notre Dame Creamery
Canadian dairy producer Gay Lea Foods Co-operative has sold Notre Dame Creamery to local peer Fromagerie Chaeban. The financial terms of the deal remain undisclosed....
Premium Food Group to Close Ahlen Ham Production Facility
Premium Food Group (PFG), formerly trading as Tönnies, is set to close its ham production facility in Ahlen, Germany. The rebranding of the company, effective...
The Compleat Food Group Establishes COO Position to Fuel Growth
The Compleat Food Group has appointed its first chief operating officer as the UK business seeks to support its growth strategy. Following its expansion through...
Bakkavor Sells Its Chinese Operations
Bakkavor, a leading supplier of fresh products, is currently engaged in a takeover proposal from Greencore and has decided to sell its operations in China....
Bel and Standing Ovation Transform the Valorization of Dairy Co-Products
The introduction of an innovative precision fermentation process transforming dairy effluents like whey into casein proteins represents a major technological advancement in food manufacturing. This...
Chobani to Establish Third Production Facility in the US with $1.2 Billion Investment
Yogurt and creamers manufacturer, Chobani, has invested a remarkable $1.2 billion into a new production facility, signifying its third manufacturing plant in the United States....