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

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Finance
Kraft Heinz ends 2023 on a high note, but fourth-quarter shows decline

Kraft Heinz ends 2023 on a high note, but fourth-quarter shows decline

Kraft Heinz has recorded a Q4 net sales decrease of 7.1% to over $6.8 billion, compared to $7.3 billion at the same time last year.

Business
Coca-Cola reports revenue growth in Q4 and FY23 results

Coca-Cola reports revenue growth in Q4 and FY23 results

The Coca-Cola Company has published its fourth quarter and full year 2023 results, reporting 7% net revenue growth for Q4 and 6% for the FY.

Finance
Kraft Heinz and Carlton Power partner on £40m green hydrogen plant

Kraft Heinz and Carlton Power partner on £40m green hydrogen plant

Kraft Heinz has signed an agreement with Carlton Power to explore the possibilities of establishing a £40m green renewable green hydrogen plant at its Kitt Green facility.

Business
Infinite Roots closes $58m Series B funding round

Infinite Roots closes $58m Series B funding round

Infinite Roots, formerly known as Mushlabs, has announced the completion of its Series B funding round, securing a total of $58m.

Funding & Investments
Nestlé Vietnam allocates $100m to expand coffee production facility

Nestlé Vietnam allocates $100m to expand coffee production facility

Nestlé Vietnam has invested $100 million aimed at expanding the production capabilities of its Tri An coffee facility, in the southern province of Đồng Nai.

Business
Coca-Cola HBC invests €10m to establish new foundation

Coca-Cola HBC invests €10m to establish new foundation

Coca-Cola HBC is investing €10m to establish a new foundation dedicated to supporting communities in the areas where the company operates.

Business
PepsiCo invests $13m in soft drinks line in Romania

PepsiCo invests $13m in soft drinks line in Romania

PepsiCo is investing $13m to install a modern, fully automated production line at its soft drink factory in Dragomirești, Romania.

Business
US jury awards $17.7m to food giants in egg price-fixing case

US jury awards $17.7m to food giants in egg price-fixing case

A US jury has ordered various egg producers to pay $17.7m to a number of food giants after being found guilty in a long-running overcharging lawsuit.

Business
Brown-Forman completes Finlandia Vodka sale to Coca-Cola HBC

Brown-Forman completes Finlandia Vodka sale to Coca-Cola HBC

Brown-Forman has announced that it has completed the sale of the Finlandia vodka brand to Coca-Cola HBC on 1 November 2023.

Alcohol
Opinion: Spookily high confectionery costs forecasted this Halloween

Opinion: Spookily high confectionery costs forecasted this Halloween

Kumar Amit from The Smart Cube answers the question: How will confectionery price fluctuations affect one holiday most associated with confectionery?

Confectionery
Newly Weds Foods to be bought by Redwood Holdings for $4bn – Reuters

Newly Weds Foods to be bought by Redwood Holdings for $4bn – Reuters

Private equity firm Redwood Holdings has agreed to buy food ingredient company Newly Weds Foods for around $4bn, according to Reuters.

Food
Opinion: ‘Greedflation’ is an oversimplification of a complex issue

Opinion: ‘Greedflation’ is an oversimplification of a complex issue

Jamie Cartwright, a partner at Charles Russell Speechlys, tells us about the 'greedflation' phenomenon and asks whether supermarkets are really to blame.

Exclusives
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