The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Finance
Pepper raises $30m to advance food distribution technology
Pepper, an e-commerce platform for food distributors, has closed a $30m Series B funding round led by ICONIQ Growth.
Diageo to invest €100m in decarbonising St James's Gate facility
Diageo plans to invest more than €100m to decarbonise its St James’s Gate site in Dublin, Ireland, where Guinness has been brewed for 264 years.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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