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

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Food
Limoneira closes $20m sale of Oxnard packing facility

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.

Food
Barilla names Gianluca Di Tondo as next CEO

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.

Food
Trigo raises $100m to expand autonomous retail platform

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.

Beverage
HIG Capital completes sale of Lipari Foods

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.

Manufacturing
Danone raises 2022 guidance, expects 7-8% sales growth led by pricing

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”.

Dairy
Bobbie launches R&D hub to enhance infant nutrition

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.

Mergers & Acquisitions
Orkla announces further restructuring in latest business revamp

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.

Food
Unilever delivers 10.6% sales growth amid "mixed" global macroeconomic outlook

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".

Mergers & Acquisitions
Forsea raises $5.2m to accelerate cultivated seafood R&D efforts

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.

Manufacturing
Bega Cheese CEO Paul van Heerwaarden to step down

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.

Mergers & Acquisitions
Keurig Dr Pepper posts 'strong' Q3 results, names new finance chief

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%.

Business
Pots & Co expands portfolio with two indulgent ganache flavours

Pots & Co expands portfolio with two indulgent ganache flavours

Pots & Co’s new handcrafted desserts will be available in a double chocolate ganache and a golden blonde chocolate ganache flavour.

Food
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