The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Finance
Coca-Cola reports 11% rise in full-year net revenue
The Coca-Cola Company has posted an 11% rise in full-year net revenue to $43bn, driven by higher prices and concentrate sales.
ADM reports “very strong” end to the year
ADM has posted Q4 results highlighting strong export volumes for soybean meal and crop demand, which led to a profitable quarter for the US grains merchant.
Kerry to sell its sweet ingredients portfolio for €500m
Kerry is set to sell the trade and assets of its sweet ingredients portfolio to US private equity firm Advent International for a consideration of €500m.
EvodiaBio secures $6.4m to produce aroma through precision fermentation
EvodiaBio has raised $6.4m in its latest capital raise, in a bid to become a leader in sustainable aroma production in the food and beverage industry.
Carlsberg to acquire Waterloo Brewing in CAD 144m transaction
Carlsberg has agreed to acquire Canada's Waterloo Brewing for a total equity value of around CAD 144m (approx. $106m) in cash.
Asahi Group to launch start-up investment fund in US
Asahi Group Holdings has established an investment management company, Asahi Group Beverages & Innovation, in San Francisco, US.
Bira 91 raises $70m in funding round led by Kirin Holdings
Indian craft beer maker, Bira 91, which is owned by B9 Beverages, has raised $70 million in a funding round led by Japanese beer company Kirin Holdings.
Roslin Tech closes £11m Series A funding round
The company secured £11m, which will be used to accelerate its mission to become a leading provider of animal cell lines for cell-based meat production.
AgroSpheres raises $22m in Series B funding round
AgroSpheres, a company developing the next generation of environmentally-friendly crop protection products, has raised £22m in a Series B funding round.
Mondelēz invests additional $600m in Cocoa Life programme
In addition to the investment, Mondelēz is calling for sector-wide collaboration to help address current environmental and social challenges.
PepsiCo posts 8.8% sales growth in Q3, raises full-year outlook
PepsiCo has posted an 8.8% net revenue growth in its third-quarter results for 2022, and now expects its full-year organic revenue to increase by 12%.
- Page 13