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

Danone has reported a "strong first half," after recording €13.33bn in net sales, up 7.4% on a like-for-like (LFL) basis.

US non-alcoholic aperitif company, De Soi, has raised $4m in a seed funding round led by Willow Growth, to expand its retail footprint.

Azkoyen has acquired Spanish coffee machine company, Ascaso, for €17m, accelerating its leadership position in the OCS, HoReCa and vending segments.

Nestlé has announced the opening of a $340m Nescafé coffee facility in Veracruz, Mexico, creating 1,200 new jobs in the region.

Canadian superfood latte company, Blume, has secured CAD 2m (approx. $1.6m) in an oversubscribed capital raise, as it looks to further expand in the US.

Unilever has recorded underlying sales growth of 8.8% in its Q2 results, amid "the challenges of high inflation and slower global growth".

Italian dairy group Granarolo has announced the acquisition of a 60% stake in mozzarella maker Industria Latticini G. Cuomo.

Emmi Group has agreed to sell its 25% stake in Italian cheese manufacturer Ambrosi to Lactalis Group for an undisclosed amount.

France's Compagnie Léa Nature has completed the acquisition of a 60% interest in Bio Organica Italia and Bio Organica Farm.

Olam Food Ingredients (OFI) has announced the completion of its acquisition of Club Coffee for CAD 150m (approx. $116.5m).

Sustainable drinking water technology company, Source Global, has raised $130m in equity financing co-led by Breakthrough Energy Ventures and Drawdown Fund.

Beam Suntory, along with Edrington, has reached an agreement to sell the Maxxium Russia joint venture business to the local management team.