The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
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Oishii closes $150m funding round to scale tech-led indoor farming platform
Vertical farming company Oishii has announced the first closing of a $150 million Series C financing round, supporting the scale of its indoor Smart Farm model as the company increases production.
Ajinomoto Foods North America names Dave Gardner as new president and CEO
Ajinomoto Foods North America has announced the appointment of Dave Gardner as president and chief executive officer, succeeding Hiroshi Kaho.
Trump lifts tariffs on UK-distilled whisky
US President Donald Trump has removed tariffs on all whisky imports from the UK, giving a welcome boost to distillers in Scotland and Northern Ireland.
Italian competition watchdog hits snacks ‘cartel’ with €23.3m fine
The Italian competition authority has issued a €23.3 million fine to three leading private label savoury snack manufacturers in the country, finding that they breached competition laws.
KKR considering $10bn sale of Flora Food Group, Financial Times reports
According to reporting by the Financial Times, private equity firm KKR is exploring a sale of Flora Food Group, with a potential valuation of up to $10 billion.
Start-up of the month: Happy Plant Protein
This month, we speak to Happy Plant Protein. The Finnish food-tech company's patented technology produces tailor-made plant protein ingredients for use across a wide range of food and beverage applications.
Nestlé confirms sale of Blue Bottle Coffee to Centurium Capital
Nestlé has agreed to sell its Blue Bottle Coffee business to private equity firm Centurium Capital, signalling the latest step in the food giant’s ongoing portfolio reshaping.
Former Ben & Jerry’s executive David Stever appointed CEO of Jeni’s Splendid Ice Creams
Jeni's Splendid Ice Creams has appointed David Stever as chief executive officer, as the US ice cream brand looks to accelerate national expansion and grow its retail and franchising presence.
Ferrero opens $75m Illinois production line for Nutella Peanut
Ferrero has opened a new $75 million Nutella Peanut production line in Franklin Park, Illinois, creating 50 new jobs and marking the first new flavour extension for Nutella.
Nestlé plans up to 180 job cuts in France amid restructuring
Nestlé has announced plans to restructure parts of its French operations, with proposals that could result in the reduction of up to 180 positions across support functions and research and development activities.
Cosaic secures $6m seed funding led by DSM-Firmenich Ventures
Food-tech start-up Cosaic has announced a successful $6 million seed funding round, led by DSM-Firmenich’s investment arm, to accelerate scale-up of its yeast fermentation platform.
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