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

PepsiCo has reached a strategic agreement with activist investment Elliott Management, aimed at improving operational efficiencies and avoiding a potentially costly proxy fight.

Tracktile, a Canadian AI software company, has successfully raised $1.25 million in seed funding to enhance its innovative 'AI Operating System'.

Swedish biotech start-up Melt&Marble has raised €7.3 million in Series A funding, to scale production of its precision-fermented ‘designer fat’ ingredients.

The investment aims to deliver comprehensive co-manufacturing and warehousing solutions for both multinational brands and local retailers.

Activist investor Elliott Management Corp is reportedly on the verge of finalising a settlement with PepsiCo, according to the Wall Street Journal.

Arla is investing nearly SEK 70 million (€6 million) in its Falkenberg dairy in Sweden to expand production of Keso cottage cheese.

Alpla Group has announced the establishment of a new recycling company focused on developing a food-grade high-density polyethylene recycling process.

Mars Food & Nutrition has announced a $20 million investment in sustainable rice sourcing over the next decade, through its Raising Rice Right platform.

Ripple Foods has raised $17 million in new funding as it prepares to expand its plant-based milk portfolio and grow its retail and foodservice presence.

Organic bone broth producer Borough Broth Company has secured £7.5 million in new funding from consumer brand investor Piper.

Mondelēz International has announced a PLN 620 million (approx. $169 million) investment in its long-standing biscuit manufacturing site in Płońsk, marking one of the company’s largest capital projects in Poland in recent years.

Dina Foods has invested £1 million in manufacturing improvements over the past three years to support growing demand for its bakery, confectionery and savoury products.