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

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Business
Kraft Heinz announces ‘ongoing evaluation’ of strategic transactions

Kraft Heinz announces ‘ongoing evaluation’ of strategic transactions

The Kraft Heinz Company has announced that its board of directors and executive leadership team are evaluating potential strategic transactions to unlock shareholder value.

Mergers & Acquisitions
Start-up of the month: Urban Farm-It

Start-up of the month: Urban Farm-It

In this installment, we speak to Elliot Webb, founder of Urban Farm-It, a business offering a range of mushroom cultivation supplies.

Exclusives
Diageo announces $500m cost savings programme

Diageo announces $500m cost savings programme

Diageo has revealed plans to implement a $500m cost savings programme over three years, to enable reinvestment in future growth and ‘improved operating leverage’.

Beverage
Chobani acquires plant-based frozen smoothies and meals start-up Daily Harvest

Chobani acquires plant-based frozen smoothies and meals start-up Daily Harvest

Dairy giant Chobani has announced its acquisition of Daily Harvest, a plant-based start-up that delivers a range of frozen ready meals, smoothies, snacks and protein products.

Mergers & Acquisitions
VMG Partners closes $1bn fund to fuel growth in consumer brands

VMG Partners closes $1bn fund to fuel growth in consumer brands

VMG Partners, a growth equity firm specialising in consumer brands, has successfully closed its latest fund, VMG Consumer VI, at a hard cap of $1 billion.

Funding & Investments
Kraft Heinz to invest $3bn into modernising US manufacturing sites

Kraft Heinz to invest $3bn into modernising US manufacturing sites

Food giant Kraft Heinz has confirmed it plans to invest $3bn into modernising its 30 manufacturing sites across the US.

Food
Anheuser-Busch announces $300m investment in US manufacturing operations

Anheuser-Busch announces $300m investment in US manufacturing operations

Anheuser-Busch has unveiled a $300 million investment aimed at enhancing its manufacturing operations across the US.

Funding & Investments
Verde Valle Foods acquires A Dozen Cousins

Verde Valle Foods acquires A Dozen Cousins

Verde Valle Foods has acquired A Dozen Cousins, a brand recognised for its ready-to-eat beans, rice and seasoning sauces inspired by traditional Creole, Caribbean and Latin American cuisines.

Mergers & Acquisitions
Greencore and Bakkavor agree on terms of acquisition to create £4bn convenience food business

Greencore and Bakkavor agree on terms of acquisition to create £4bn convenience food business

The boards of British food manufacturers Greencore and Bakkavor have agreed on the terms of their long-awaited merger deal.

Mergers & Acquisitions
Tesco likely to miss 300% sales growth target for meat alternatives as consumers seek plant-based whole foods

Tesco likely to miss 300% sales growth target for meat alternatives as consumers seek plant-based whole foods

British retailer Tesco has confirmed it is ‘highly unlikely’ to meet its previously announced target of achieving a 300% sales increase within its plant-based meat alternative ranges by December 2025.

Plant-based
Research: 41% of F&B manufacturers scale back investment amid low confidence and rising costs

Research: 41% of F&B manufacturers scale back investment amid low confidence and rising costs

A recent report from the Food and Drink Federation (FDF) has revealed a significant contraction in investment among food and drink manufacturers, with 41% of businesses scaling back their growth expenditures.

Research
Hain Celestial announces CEO transition and strategic portfolio review

Hain Celestial announces CEO transition and strategic portfolio review

Hain Celestial Group, a player in the global health and wellness sector, has announced a leadership transition that will see Alison E Lewis step in as interim president and CEO, following the departure of Wendy Davidson from her roles as CEO and board member.

Appointments
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