The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

Starbucks has appointed Laxman Narasimhan as the company's next CEO – effective 1 October – succeeding interim CEO Howard Schultz.

Campbell Soup Company has reported a 1% rise in full-year net sales and said the business will "continue to make progress" in fiscal 2023.

Sainsbury's has announced that it is investing £65m into its pricing this month to ease pressure on consumers amid the rising cost of living.

Lorival Luz has resigned as CEO of meat company BRF and will be replaced by Marfrig Global Foods’ Miguel Gularte, according to Reuters.

Walmart has offered to buy the remaining 47% stake in South African retailer Massmart for ZAR 6.4bn (approximately $379m).

BASF has announced an agreement to sell its Nutrilife baking enzymes portfolio and business to Lallemand subsidiary, Danstar Ferment.

Kraft Heinz has entered into a definitive agreement to sell its business-to-business powdered cheese business to Kerry Group.

Packaging manufacturer Mondi has announced the opening of the company's first recycling laboratory at its Frantschach mill in Austria.

Camil Alimentos has agreed to purchase several biscuit brands from PepsiCo Brasil, including the Mabel, Doce Vida, Mirabel, Elbi's and Pavesino brands.

Mikkeller has announced that it will close its US brewing facility in San Diego, after a “difficult current rising cost environment.”

Molson Coors is returning the commercial operations of Superbird, a 100% blue agave tequila-based canned cocktail, back to its parent company, Casa Komos.

Banking and financial services company, Rabobank, has published its annual Global Dairy Top 20, highlighting the 2022 industry leaders for the dairy sector.