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