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