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PepsiCo's Q1 fuelled by snacks, expects stronger Q2
PepsiCo has reported organic net revenue growth of 2.4% in Q1 and expects to pick up pace in the second quarter, with the accelerated return of the foodservice channel.
www.foodbev.comApr 16, 202182+
PepsiCo's Q1 fuelled by snacks, expects stronger Q2
Heineken pledges carbon neutrality across value chain by 2040
Heineken has announced its commitment to become carbon neutral in its own production by 2030 and its full value chain by 2040.
www.foodbev.comApr 16, 202162+
Heineken pledges carbon neutrality across value chain by 2040
Coca-Cola partners with Jel Sert to launch Powerade Sports Freezer Bars
The Coca-Cola Company and freezer bar manufacturer, The Jel Sert Company, have announced the nationwide launch of Powerade Sports Freezer Bars.
www.foodbev.comApr 15, 2021142+
Coca-Cola partners with Jel Sert to launch Powerade Sports Freezer Bars
Nestlé opens new plant-based food production site in Malaysia
Nestlé has inaugurated a new plant-based meal solutions manufacturing facility in Malaysia, following an investment of MYR 150 million ($36.3 million approx.).
www.foodbev.comApr 08, 2021186+
Nestlé opens new plant-based food production site in Malaysia
Ethnic e-grocer Weee! secures $315m in funding
US-based ethnic e-grocer Weee! has raised $315 million in Series D financing led by DST Global, as it aims to accelerate its geographic expansion.
https://www.foodbev.com/Mar 19, 2021185+
Ethnic e-grocer Weee! secures $315m in funding
Cargill names Jamie Miller as chief financial officer
Cargill has appointed Jamie Miller as the company’s new chief financial officer (CFO), who will take on the role on 1 June.
https://www.foodbev.com/Mar 18, 2021179+
Cargill names Jamie Miller as chief financial officer
C&C Group to offload US business Vermont Cider Company for $20m
C&C Group has agreed to sell its US subsidiary Vermont Cider Company to Northeast Drinks Group for $20 million, in an effort to reduce debt.
https://www.foodbev.com/news/Mar 17, 2021111+
C&C Group to offload US business Vermont Cider Company for $20m
ADM agrees to pay $45m to settle peanut price-fixing allegations
ADM has agreed to pay $45 million to settle price-fixing allegations levelled against its Golden Peanut division, according to The Wall Street Journal.
https://www.foodbev.com/Mar 17, 2021133+
ADM agrees to pay $45m to settle peanut price-fixing allegations
Alec’s Ice Cream secures $1.14m in funding
Alec’s Ice Cream, an organic ice cream brand based in California, US, has raised $1.14 million in seed funding to support its growth.
https://www.foodbev.com/Mar 16, 202163+
Alec’s Ice Cream secures $1.14m in funding
CarnaudMetalbox Engineering boosts capacity with new facility
CarnaudMetalbox Engineering (CMbE) has announced a further expansion of its production capacity with the addition of a new 150,000-square-foot facility in Leeds, UK.
https://www.foodbev.com/Mar 12, 202187+
CarnaudMetalbox Engineering boosts capacity with new facility
Budweiser Brewing Group to boost beer capacity with more than £115m investment
AB InBev's Budweiser Brewing Group UK&I subsidiary has announced a more than £115 million investment in its two major UK breweries to increase capacity and efficiency.
http://www.foodbev.com/Mar 05, 2021136+
Budweiser Brewing Group to boost beer capacity with more than £115m investment
Orkla buys Finnish food service business Fort Deli
Orkla has strengthened its position in the food service and out-of-home sectors with the acquisition of a majority 80% stake in SeaGood Oy Fort Deli.
http://www.foodbev.com/Mar 03, 2021155+
Orkla buys Finnish food service business Fort Deli
Artisan Partners increases pressure for Danone governance changes
US investment firm Artisan Partners has joined activist fund Bluebell Capital Partners in demanding that Danone finds a new CEO.
http://www.foodbev.com/Mar 01, 202156+
Artisan Partners increases pressure for Danone governance changes
Mondelēz unveils new impact investing platform
Mondelēz International has announced the launch of Sustainable Futures, an impact investing platform to support ventures addressing key global issues.
http://www.foodbev.com/Feb 25, 2021188+
Mondelēz unveils new impact investing platform
Infarm unveils new automated growing centre with higher-yield capabilities
Berlin-based vertical farming company Infarm has introduced new high-yield growing centres that integrate its advanced cloud platform, marking its latest efforts to build a sustainable and resilient farming ecosystem.
http://www.foodbev.com/Feb 24, 2021103+
Infarm unveils new automated growing centre with higher-yield capabilities
Mill Rock Packaging acquires All Packaging Company
Private investment firm Mill Rock Capital has announced that its portfolio company Mill Rock Packaging Partners has acquired All Packaging Company, a manufacturer of custom paperboard packaging.
http://www.foodbev.com/Feb 23, 2021161+
Mill Rock Packaging acquires All Packaging Company
Nestlé loses battle over 'vegan butcher' trademark term
Nestlé has abandoned its application to trademark the term "The Vegan Butcher", following legal opposition from US vegan shop The Herbivorous Butcher.
http://www.foodbev.com/Feb 22, 2021173+
Nestlé loses battle over 'vegan butcher' trademark term
Danone suffers amid Covid pandemic, aims to restore growth in 2021
Danone has reported a decline in net sales of 1.5% on a like-for-like basis, in what the yogurt maker has termed "a year marked by the health crisis".
http://www.foodbev.com/Feb 22, 2021168+
Danone suffers amid Covid pandemic, aims to restore growth in 2021
Keurig Commercial introduces touch-free coffee brewing features
Keurig Commercial, the out-of-home coffee division of Keurig Dr Pepper, has introduced touch-free brewing features to its range of bean-to-cup coffee machines for workplaces.
http://www.foodbev.com/Feb 22, 202172+
Keurig Commercial introduces touch-free coffee brewing features
Canyon Creek invests in plant expansion
North American food processor, Canyon Creek Food Company, is investing CAD 1.7 million ($1.3 million approx.) to increase capacity at its production facility.
http://www.foodbev.com/Feb 20, 2021160+
Canyon Creek invests in plant expansion
Rigeto investor group acquires majority stake in Crusta Nova
A group of investors advised by Rigeto Unternehmerkapital have bought a majority stake in German seafood group Crusta Nova for an undisclosed sum.
http://www.foodbev.com/Feb 06, 2021122+
Rigeto investor group acquires majority stake in Crusta Nova
Unilever posts 1.9% underlying sales growth despite "volatile and unpredictable" year
Unilever has recorded underlying sales growth of 1.9% in its full-year 2020 results, following a year of market volatility due to the impact of Covid-19.
http://www.foodbev.com/Feb 05, 2021136+
Unilever posts 1.9% underlying sales growth despite "volatile and unpredictable" year
Agrana CEO Johann Marihart to retire, to be succeeded by Markus Mühleisen
Agrana has announced the appointment of Arla Foods executive Markus Mühleisen to the role of group CEO from June, following the retirement of long-serving CEO Johann Marihart.
http://www.foodbev.com/Feb 02, 202185+
Agrana CEO Johann Marihart to retire, to be succeeded by Markus Mühleisen
Mondelēz's 2020 results boosted by performance in developed markets
Mondelēz International has reported a 2.8% increase in net revenue for 2020, as the company was boosted by its performance in developed markets.
http://www.foodbev.com/Feb 01, 2021204+
Mondelēz's 2020 results boosted by performance in developed markets
Cargill purchases ProPortion Foods
Cargill has acquired ProPortion Foods, a US manufacturer of meat products including portion control steaks and marinated ready-to-grill meats.
http://www.foodbev.com/Jan 29, 202180+
Cargill purchases ProPortion Foods
Pro Carton joins #Greensource initiative
The European Association of Carton and Cartonboard manufacturers, Pro Carton, has joined the #Greensource initiative as a co-leader of the campaign.
http://www.foodbev.com/Jan 28, 2021166+
Pro Carton joins #Greensource initiative
Westfalia Fruit to purchase Hausladen Fruchthandel
Westfalia Fruit, a fresh fruit supplier specialising in avocados, has signed an agreement to acquire a controlling stake in German fruit supplier Hausladen Fruchthandel.
http://www.foodbev.com/Jan 28, 2021100+
Westfalia Fruit to purchase Hausladen Fruchthandel
MGP Ingredients announces merger agreement with Luxco
MGP Ingredients has agreed to acquire US alcohol producer and marketer Luxco and its affiliated companies in a $475 million deal.
http://www.foodbev.com/Jan 26, 2021150+
MGP Ingredients announces merger agreement with Luxco
Danone España and Iberdrola sign renewable energy agreement
Danone España has signed a long-term power purchase agreement (PPA) with Iberdrola, which will drive the development of what they claim will be Europe's biggest photovoltaic plant.
http://www.foodbev.com/Jan 26, 2021106+
Danone España and Iberdrola sign renewable energy agreement
UK Food Standards Agency names Ruth Hussey as interim chair
The UK's Food Standards Agency has announced the appointment of Ruth Hussey as its interim chair, effective 1 February 2021.
http://www.foodbev.com/Jan 25, 202193+
UK Food Standards Agency names Ruth Hussey as interim chair
China Fresh Life completes 600 million yuan A round of financing
Fresh food cold chain logistics platform Fresh Life completed 600 million yuan A round of financing, co-invested by Longfor Capital (LFC), CICC Qihong Fund under CICC, and Zhou Ji Tongli under Far East Horizon.
Jan 22, 202171+
China Fresh Life completes 600 million yuan A round of financing
China Modern Dairy expects a profit of not less than 700 million in 2020
Modern Dairy has issued a profit alert announcement. Based on the company’s currently available unaudited comprehensive management accounts and preliminary assessments of relevant information
Jan 22, 2021198+
China Modern Dairy expects a profit of not less than 700 million in 2020
Unilever promises living wage across value chain and Euro 2bn towards diversity
Unilever has committed to spending Euro2 billion annually with diverse suppliers and to only doing business with companies that at least pay a living wage or income to its employees by 2030.
http://www.foodbev.com/Jan 22, 2021164+
Unilever promises living wage across value chain and Euro 2bn towards diversity
DSM announces retirement of president and CEO DNP Chris Goppelsroeder
DSM has announced that Chris Goppelsroeder, president and CEO DSM Nutritional Products (DNP), will retire and leave the company, effective 1 April 2021.
http://www.foodbev.com/Jan 21, 2021202+
DSM announces retirement of president and CEO DNP Chris Goppelsroeder
China Zhongjing Foods started its construction of the 1,200-ton seasoning ingredients project
A few days ago, the 1,200-ton seasoning ingredients production line project of China Zhongjing Foods laid the groundwork in Xixia Zhongjing Food Park.
Jan 20, 2021145+
China Zhongjing Foods started its construction of the 1,200-ton seasoning ingredients project
Luckin re-opened to join
China Luckin Coffee's WeChat public account released a new retail partner recruitment plan, announcing the release of franchising. Luckin Coffee emphasizes in the cooperation model that it does not charge any form of franchise fee, and Luckin headquarters supports and shares marketing and promotion resources.
Jan 20, 2021115+
Luckin re-opened to join
Ice cream maker Northern Bloc secures 'seven-figure' investment
UK ice cream brand Northern Bloc has secured a 'seven-figure' investment from Mobeus Equity Partners to expand in the plant-based sector.
http://www.foodbev.com/Jan 20, 2021171+
Ice cream maker Northern Bloc secures 'seven-figure' investment
Xiabuxiabu announces rejuvenation
Zhao Yi, CEO of Xiabuxiabu Group, announced in Shanghai that it will gradually upgrade and remodel existing stores. The new store will explore a full-time operation model and gradually cover multiple time periods and scenes such as afternoon tea and supper except lunch and dinner. Which further broadened Xiabuxiabu's revenue extension.
Jan 15, 2021131+
Xiabuxiabu announces rejuvenation
Haidilao's First Milk Tea Shop opens in Wuhan China
Haidilao opened its first milk tea shop in Wuhan, the main product is DIY homemade, a cup of 9 Chinese yuan. It is understood that the Haidilao Chuhe Han Street store occupies two floors, the fifth floor is the dining area, and the reception area on the first floor directly sets up the milk tea stall, which is the first Haidilao publicized milk tea shop.
Jan 15, 2021154+
Haidilao's First Milk Tea Shop opens in Wuhan China
Beingmate shareholders intend to reduce their holdings of the company by no more than 3%
Beingmate issued an announcement stating that Beingmate's 5.09% shareholder, Changhong Fund, plans to reduce its holdings of the company's shares by no more than 30,675,600 shares through centralized bidding and block transactions, accounting for 3% of the company's total share capital.
Jan 15, 2021180+
Beingmate shareholders intend to reduce their holdings of the company by no more than 3%
Huiyuan Juice's listing status will be cancelled
Huiyuan Juice announced that the Listing Review Committee of the Stock Exchange has held a review hearing and decided to maintain the delisting decision.
Jan 15, 2021113+
Huiyuan Juice's listing status will be cancelled
Kraft Mac & Cheese trials recyclable fibre-based microwavable cup
China Taoli Bread is expected to increase revenue and net profit in 2020
Taoli Bread's performance report shows that the company will achieve operating income of 5.963 billion yuan in 2020, an increase of 5.66%; net profit attributable to shareholders of listed companies is 885 million yuan, a year-on-year increase of 29.53%.
Jan 13, 2021195+
China Taoli Bread is expected to increase revenue and net profit in 2020
Yiming Foods said that the purchase price of fresh milk will be increased appropriately
Yiming Foods stated on the interactive platform that the company's fresh milk supply is currently stable. With the recent increase in the price of fresh milk, the company's fresh milk purchase price will also be appropriately increased in the future.
Jan 13, 202169+
Yiming Foods said that the purchase price of fresh milk will be increased appropriately
China Yili's acquisition of Zhongdi Dairy completes equity delivery
Yili announced that its overseas subsidiary acquired China Zhongdi Dairy Holdings by tender offer to complete the corresponding equity delivery on January 11, 2021.
Jan 13, 2021208+
China Yili's acquisition of Zhongdi Dairy completes equity delivery
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