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

Heineken has bought back €333m worth of its shares from Mexican Coca-Cola bottler FEMSA, with Credit Suisse acting as an advisor.

UK supermarket Asda has agreed to purchase the majority of EG Group’s UK and Ireland fuel, foodservice, grocery and merchandise business.

The USDA has announced it is launching the ‘Organic Dairy Marketing Assistance Program,' to provide assistance for dairy producers.

Investment house IW Capital has announced a £5m investment in premium cold-pressed juice and functional drinks business, Daily Dose.

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 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 has posted revenue of $24.07 billion in its first-quarter results, beating Wall Street projections of $23.48 billion.

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 has announced that it will invest over ZAR 15.5bn (approx. $852.8m) into the South African market through a series of projects.

McCain is set to invest CAD 600m into its Coaldale facility in Alberta, creating 260 new jobs and doubling its output in the region.

American billionaire Bill Gates has purchased 10.8 million shares in Heineken Holding worth €883m at current market prices, according to Reuters.

Kraft Heinz has reported a 10% increase in fourth-quarter net sales to $7.38bn, rounding off an “incredible year” for the company.