The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Finance
Bega Group to sell Vegemite facility, warns of rising milk prices
Australian food company Bega Group has announced the sale of its Vegemite Way facility in Port Melbourne for AUD 114.6m (approx. $75.84m).
PepsiCo gives £58m boost to Walkers Leicester site
PepsiCo has today announced a £58m investment in its Walkers crisp production factory in Leicester, UK, focused on delivering 'sustainable growth'.
Heineken buys back €333m in shares from FEMSA
Heineken has bought back €333m worth of its shares from Mexican Coca-Cola bottler FEMSA, with Credit Suisse acting as an advisor.
Asda acquires majority stake in EG Group
UK supermarket Asda has agreed to purchase the majority of EG Group’s UK and Ireland fuel, foodservice, grocery and merchandise business.
USDA offers organic dairy producers cover for increased costs
The USDA has announced it is launching the ‘Organic Dairy Marketing Assistance Program,' to provide assistance for dairy producers.
IW Capital invests £5m in Daily Dose
Investment house IW Capital has announced a £5m investment in premium cold-pressed juice and functional drinks business, Daily Dose.
Hero Bread announces Series B fundraise
Better-for-you bread and baked goods producer, Hero Bread, has announced its Series B fundraise, bringing the total funding raised to $47.5m.
Kraft Heinz delivers strong Q1 results, reaffirms full-year sales outlook
Kraft Heinz has reported a 7.3% increase in its first-quarter net sales to $6.49 billion, up from a 5.5% decrease in sales in the year-ago quarter.
ADM beats profit expectations in first-quarter results
ADM has posted revenue of $24.07 billion in its first-quarter results, beating Wall Street projections of $23.48 billion.
PepsiCo boosts outlook after Q1 results beat expectations
PepsiCo has reported net revenue growth of 10.2% for its first quarter, up from 9.3% in the same period last year, with Q1 net revenue of $17.85 billion.
Heineken to invest over ZAR 15.5bn in South African economy
Heineken has announced that it will invest over ZAR 15.5bn (approx. $852.8m) into the South African market through a series of projects.
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