The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Business
Vertical farming start-up Spread raises JPY 4bn in Series A round
Japanese vertical farming start-up Spread has raised JPY 4bn (approx. $30m) in a Series A funding round, as it looks to expand production.
Heineken warns pressure on consumer finances could impact beer sales
Heineken has posted revenue growth of 37% in its half-year results and said it "grew ahead of the industry in more than half of our markets".
New Water Capital acquires Klosterman Baking Company
US bakery business Klosterman Baking Company has been acquired by an affiliate of private equity investment firm, New Water Capital.
AB InBev posts 11.3% organic revenue growth in Q2
AB InBev has posted organic revenue growth of 11.3% to $14.79bn for its second quarter, up from $13.54bn in the same period last year.
Vegan chocolate brand Push Chocolate debuts low-sugar buttons
UK vegan chocolate brand Push Chocolate has launched new low-sugar and allergen-free chocolate buttons for health-conscious consumers.
PepsiCo to invest $550m in energy drinks business Celsius
PepsiCo has announced a $550m investment in Celsius Holdings to become the long-term US distributor of the brand's energy drinks.
Diageo sees net sales growth across all regions
Diageo has recorded a 21.4% increase in its full-year revenue, driven by strong organic net sales growth across all regions.
Canpack to build BRL 710m beverage can facility in Brazil
Canpack will invest approximately BRL 710m (approx. $140m) to build a new aluminium beverage can facility in Poços de Caldas, Minas Gerais, Brazil.
Emmi Roth to construct new headquarters and cheese conversion facility
Emmi Roth is breaking ground on a cheese conversion facility in Stoughton, Wisconsin, that will also become the company’s new US headquarters.
Higher prices help boost Danone's first-half results
Danone has reported a "strong first half," after recording €13.33bn in net sales, up 7.4% on a like-for-like (LFL) basis.
Keurig Dr Pepper raises sales guidance following "strong" Q2 results
Keurig Dr Pepper (KDP) has reported a 13.2% rise in revenue to $3.55bn for its second quarter, and raised its sales guidance for the full year.
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