The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Food
Limoneira closes $20m sale of Oxnard packing facility
California-based agribusiness, Limoneira, has closed the $20m sale of its Oxnard packing facility to Ventura County Railway Company.
Barilla names Gianluca Di Tondo as next CEO
Pasta maker Barilla has announced that Claudio Colzani will be stepping down as chief executive officer to pursue other opportunities.
Trigo raises $100m to expand autonomous retail platform
Trigo has raised $100m in an equity financing round led by Temasek and 83North, as it aims to scale the deployment of autonomous urban supermarkets.
HIG Capital completes sale of Lipari Foods
HIG Capital has completed the sale of speciality food distributor, Lipari Foods, to an investor group led by Littlejohn & Co.
Danone raises 2022 guidance, expects 7-8% sales growth led by pricing
Danone has posted Q3 sales of €7.33bn – up by 9.5% on an LFL basis – after seeing “sequential growth acceleration across all categories and geographies”.
Bobbie launches R&D hub to enhance infant nutrition
Bobbie has announced the launch of a new research and development hub that is dedicated to enhancing infant nutrition, called Bobbie Labs.
Orkla announces further restructuring in latest business revamp
Orkla has agreed to implement a new corporate structure that will see the establishment of 12 independent portfolio companies.
Unilever delivers 10.6% sales growth amid "mixed" global macroeconomic outlook
Unilever has posted underlying sales growth of 10.6% for its third quarter, driven by price hikes which had "only a limited impact on volume".
Forsea raises $5.2m to accelerate cultivated seafood R&D efforts
Forsea Foods has raised $5.2m in a seed round led by Berlin-based Target Global, as it looks to accelerate R&D on cultivating eel meat.
Bega Cheese CEO Paul van Heerwaarden to step down
Bega Cheese has announced that Paul van Heerwaarden has decided to step down after nearly six years as CEO, with Pete Findlay set to succeed him.
Keurig Dr Pepper posts 'strong' Q3 results, names new finance chief
Keurig Dr Pepper has posted an 11.8% increase in third-quarter sales on a constant currency basis, driven by favourable net price realisation of 12.1%.
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