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

Swedish better-for-you snack brand Nick’s has raised $30m in its largest investment round to date, as the company aims to accelerate its overseas expansion.

Plant-based snack brand Outstanding Foods has raised $10m in a Series A financing led by SternAegis Ventures, as it prepares for a 2021 retail expansion.

Food technology start-up, Air Protein, has announced a $32 million Series A funding round led by Archer Daniels Midland (ADM).

Mondelēz International and JAB majority-owned subsidiary Maple Holdings are selling a total of 60 million shares held in Keurig Dr Pepper.

Mondelēz International has reported a 4.9% increase in net revenue for Q3, as the company bounced back to growth in a number of markets.

Walmart has agreed to sell UK grocery chain Asda to the Issa brothers and private equity firm, TDR Capital, for an enterprise value of £6.8bn.

Kraft Heinz has posted net sales of $6.16 billion in Q1, representing 6.2% organic growth as a result of increased consumer demand related to Covid-19.

Carlsberg has recorded a decline of 6.8% in first quarter sales due to the global closure of bars and restaurants during the coronavirus lockdown.

Mondelēz International has reported 2.6% growth in net revenue to $6.7 billion during its first quarter, driven by strong demand from North America.

PepsiCo reported strong results in Q1, as its three North American divisions saw positive impact on both net revenue and volume growth due to Covid-19.

Pernod Ricard has reported that its organic sales have fallen 14.5% during its third quarter due to Covid-19 impact, despite a solid start to the quarter.

Heineken has reported that its beer sales have been significantly impacted by the coronavirus outbreak, with global beer volume sales falling 14% in March.