The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Finance
Kraft Heinz unveils $300m in US promotions as consumer spending decreases
In its latest earnings call, Kraft Heinz says it will boost US promotional spend by $300m to tackle economic challenges and prepare for its planned 2026 company split.
Coca-Cola to be hit with $1bn charge for sale of African bottler
Coca-Cola will be hit with a $1 billion impairment charge as part of a restructuring of its African bottling operations.
Coca-Cola reportedly considering taking Indian bottling unit public in potential $1bn deal – Bloomberg
According to Bloomberg News, Coca-Cola is considering an initial public offering (IPO) for its Indian bottling unit – Hindustan Coca-Cola Beverages – in a deal that could be valued at $1 billion.
Nestlé announces $3.7bn cost-cutting strategy and 16,000 job cuts
Nestlé is set to reduce its workforce by 16,000 positions, representing 6% of its global staff, as new CEO Philipp Navratil accelerates a strategic turnaround.
Roberts Bakery in talks with potential partners as administrator notice filed
Roberts Bakery has confirmed it is in discussions with potential partners and funders following the publication of a Notice of Intention to appoint administrators on 6 October 2025.
Princes reveals IPO plans for London Stock Exchange to fuel growth
Italian-owned food group New Princes has unveiled plans for an initial public offering (IPO) on the London Stock Exchange, marking a major milestone in the company’s 135-year history.
Hain Celestial to “aggressively” streamline portfolio following significant fiscal year 2025 loss
The Hain Celestial Group has reported a net loss of $531 million in its fiscal year 2025 financial results, and plans to “aggressively” streamline its portfolio as part of an ongoing turnaround plan.
Unilever appoints Srinivas Phatak as new chief financial officer
Phatak, who has been serving as the acting CFO since February 2025, officially steps into the role effective immediately and will also join the Unilever leadership executive.
Rabobank's latest Global Dairy Top 20 report signals major changes ahead
The dairy industry is on the brink of transformative changes, according to Rabobank's latest Global Dairy Top 20 report. FoodBev's Siân Yates examines.
Unilever to assess top 200 leaders in significant performance push
Unilever’s CEO, Fernando Fernandez, has revealed that the company has initiated an assessment of its top 200 leaders amid efforts to boost performance and tackle ‘mediocrity’ in the workplace.
Craft brewer 21st Amendment announces closure as market challenges intensify
21st Amendment Brewery, a well-known name in the San Francisco craft beer scene, has announced plans to shut down its taproom and brewing facility in San Leandro.
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