The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Finance
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.
Elliott Management takes $4bn stake in PepsiCo, urges strategic overhaul
In a bold move signalling potential upheaval within PepsiCo, Elliott Management has disclosed a substantial $4 billion investment in the beverage and snack giant.
BrewDog faces significant distribution loss as pubs shift to competitors
BrewDog, the Scottish craft beer brand, is experiencing a substantial decline in its market presence, with nearly 2,000 pubs across the UK severing ties with the brand.
Diageo increases cost-saving target amidst fiscal challenges
Diageo has announced a significant increase in its cost savings target as part of its ongoing Accelerate programme, now aiming for approximately $625 million in savings over the next three years.
Update: How the new EU and US tariffs agreement will impact F&B businesses
Following Donald Trump’s open letter to the EU proposing trade tariffs, an agreement between the US and EU has been reached during the US President’s recent trip to Scotland.
Oatly reviews China business amid ongoing evaluation of Asian operations network
Swedish oat milk company Oatly has revealed it is conducting a strategic review of its Greater China business amid a broader evaluation of its operations in Asia.
Nestlé initiates review of vitamins business amid steady financial performance
Nestlé has announced a strategic review of its vitamins, minerals and supplements segment, which may lead to the divestment of several underperforming brands, including Nature’s Bounty.
- Page 5