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

The Coca-Cola Company has reported a 12% rise in second-quarter net revenue to $11.3bn, after its results were boosted by price hikes.

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.

Meati Foods, a provider of plant-based meats made from mushroom root, has raised $150m as it looks to strengthen its position in the US market.

Arva Flour Mills has announced the acquisition of the Red River Cereal brand from Smucker Foods of Canada, a subsidiary of The JM Smucker Co.