DayDayCook continues its acquisition streak with GLI deal
DayDayCook (DDC), a Hong Kong-founded food business, has announced its second acquisition in recent weeks, agreeing to buy Italy’s G.L. Industry (GLI). Like DDC, GLI...
Tag : Refrigerated
Hungary to introduce warnings about ‘shrinkflation’ effect on prices
Hungary’s government is taking action to combat “shrinkflation” by requiring larger food retailers to label products affected by this practice. According to a statement from...
Hyle Capital Partners Acquires Majority Stake in Ciemme, an Italian Gnocchi Manufacturer
Hyle Capital Partners has made a significant investment in Ciemme Alimentari, a potato gnocchi producer based in Milan, Italy, allowing Hyle to take on “a...
France asks for EU consent to implement ‘shrinkflation’ strategy
French authorities have requested permission from the European Commission to mandate retailers to inform consumers about “shrinkflation”. Shrinkflation refers to the reduction in the size...
“Pastificio Rana Secures Funding from Italian Business Ministry for Production Expansion”
Pastificio Rana, a fresh pasta and sauces maker, has secured a development agreement valued at around €10m ($10.8m) with the Italian Ministry of Business and...
Vivartia’s Barba Stathis acquires majority stake in Halvatzis Makedoniki from local competitor
Barba Stathis, a Greece-based agri-food company and subsidiary of food giant Vivartia, has recently acquired an 80% stake in local peer Halvatzis Makedoniki, specializing in...
Nestlé to Use “Lower-Emission Fuels” for 50% of Shipping Operations
Nestlé is planning to use more sustainable shipping options, with the intention to adopt “lower carbon alternatives” for half of its “global shipping needs.” We...
Unifrutti, the Global fruit group, names Mohamed Elsarky as CEO
Unifrutti Group has named Mohamed Elsarky as the new CEO of the company. Experienced in the food industry, Elsarky has had leadership roles at companies...