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

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Finance
Relocalize raises CAD 5.8m in funding to scale-up micro-factory platform

Relocalize raises CAD 5.8m in funding to scale-up micro-factory platform

Canadian clean-tech start-up Relocalize has closed a CAD 5.8m (approx. $4.26m)  seed funding round to expand its autonomous micro-factory platform.

Finance
PepsiCo invests £8m in Pipers Crisps manufacturing site

PepsiCo invests £8m in Pipers Crisps manufacturing site

PepsiCo has announced plans to invest £8m in its Pipers Crisps manufacturing site in Brigg, Lincolnshire, UK, to meet growing demand.

Funding & Investments
Nestlé to invest BRL 1bn to strengthen Brazilian coffee sector

Nestlé to invest BRL 1bn to strengthen Brazilian coffee sector

Nestlé has announced plans to invest BRL 1bn (approx. $193.97m) in Brazil by 2026 to strengthen its B2B and B2C presence in the country.

Finance
ADM injects $1m into Kansas State University agriculture initiative

ADM injects $1m into Kansas State University agriculture initiative

ADM has pledged $1m to Kansas State University’s Global Center for Grain and Food Innovation to support product development, food safety and food security.

Finance
Voyage Foods raises $52m for allergen-free foods

Voyage Foods raises $52m for allergen-free foods

San Francisco, Bay Area-based start-up Voyage Foods has closed a funding round totalling $52m, bringing its total funding raised to $94m.

Funding & Investments
Ferrero invests $75m, opens its first chocolate factory in North America

Ferrero invests $75m, opens its first chocolate factory in North America

Ferrero North America has opened its first chocolate processing facility in North America, marking its third globally.

Funding & Investments
ADM reports revenue drop in Q1 2024

ADM reports revenue drop in Q1 2024

ADM has reported quarterly revenue of $21.85bn for the period ending 31 March 2024, a 9% decrease from the same quarter last year.

Finance
Hain Celestial streamlines operations and trims portfolio to bolster financial health

Hain Celestial streamlines operations and trims portfolio to bolster financial health

The Hain Celestial Group has unveiled a series of strategic measures aimed at advancing the 'Focus' pillar of its Hain Reimagined business strategy.

Health
Mondelēz International beats Q1 sales and profit estimates

Mondelēz International beats Q1 sales and profit estimates

Mondelēz has reported a 1.4% increase in first-quarter net revenue to $9.29bn, compared to an 18.1% increase in the year-ago quarter.

Finance
Lidl invests £500m to bolster British pork sector

Lidl invests £500m to bolster British pork sector

Supermarket giant Lidl GB has announced plans to invest £500m into the British pork sector to bolster the nation's pork industry.

Meat
Coca-Cola enters $1.1bn strategic partnership with Microsoft

Coca-Cola enters $1.1bn strategic partnership with Microsoft

Microsoft and The Coca-Cola Company have entered a five-year strategic partnership to align Coca-Cola's core technology strategy systemwide.

Partnership
Opinion: It’s time to order – embedded finance solutions for the F&B industry

Opinion: It’s time to order – embedded finance solutions for the F&B industry

The European F&B industry is poised for significant growth. However, companies must focus on strengthening their business ecosystems and...

Finance
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