The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Finance
Coca-Cola sales volume declines 25% in April due to Covid-19 impact
Coca-Cola has announced that its global sales volumes have fallen 25% this month due to Covid-19 disruption, as the company reported flat Q1 revenues.
Aldi UK launches online grocery to help at-risk customers amid Covid-19
Aldi UK has announced it is selling groceries online for the first time, in the form of food parcels for at-risk individuals self-isolating amid Covid-19.
Mondelēz boosted by emerging markets performance in 2019
Mondelēz International delivered organic net revenue growth of 4.1% last year as it was helped by its performance in emerging markets.
Mondelēz raises sales outlook after positive Q3 performance
Mondelēz International reported a 1.1% increase in third-quarter net revenue, boosted by a strong performance in emerging markets.
Unilever second quarter revenues freeze as ice cream sales falter
Unilever's Q2 results were tempered by poor spring weather in Europe and North America, with faltering ice cream sales leading to stagnant revenue growth.
Coca-Cola revenue up 6% thanks to strong soft drinks performance
Coca-Cola recorded net revenue 6% higher in the second quarter than the same period 12 months ago, thanks in part to sales of soft drinks brands.
PepsiCo offers to acquire Pioneer Foods, targets African growth
PepsiCo announced today that it has entered into an agreement to acquire all the outstanding shares of South African food and beverage...
Campbell to offload Kelsen Group to Ferrero affiliate for $300m
Campbell has agreed to offload Denmark-based Kelsen Group to Ferrero affiliate CTH for approximately $300m, as the company continues its debt reduction strategy.
PepsiCo boosted by increasing snack sales in second quarter
PepsiCo recorded a 2.2% increase in its second-quarter net revenue compared to the same period last year, as it continues to be boosted by snack sales.
Mondelēz first-quarter results boosted by emerging markets
Mondelēz International recorded a 3.7% increase in organic net revenue in its first quarter compared to the same period last year.
Mondelēz net revenue up 0.2% despite struggle in Latin America
Mondelēz recorded a 0.2% rise in its 2018 net revenue as growth in North America and Europe was weighed down by struggling sales in Latin America.
Clean water drives Oasys funding
To capitalise on escalating demand for potable water, Boston-based Oasys Water has raised $10m to pilot a technology it says could halve the cost of desalination and wastewater treatment. The funding will be used to create a test facility and pursue licensing and partnership deals with water treatment providers.
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