The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Mergers & Acquisitions
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.
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.
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".
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.
Campari Group acquires minority stake in Catalyst Spirits
Campari Group has acquired a minority stake in global spirits incubator Catalyst Sprits, a shareholder in Howler Head banana-flavoured bourbon.
Strong Asia sales help drive 11.6% organic revenue growth for Carlsberg in Q3
Carlsberg has posted organic revenue growth of 11.6% for its third quarter, after it was boosted by strong demand in Asia.
China Resources Beer unit to acquire baijiu maker for $1.7bn
A unit of China Resources Beer has agreed to acquire a 55.19% stake in Guizhou Jinsha Jiaojiu Winery Industry for RMB 12.3bn (approx. $1.7bn).
Ausnutria Dairy buys 50% stake in Dutch cheese producer Amalthea
Amalthea and Ausnutria had already been working together prior to the deal; however, the acquisition will allow the companies to combine their strengths.
Abbott to invest $500m in infant formula facility
Abbott Nutrition has announced plans to build a $500m nutrition facility in the US for speciality and metabolic infant formulas.
Fonterra unveils wastewater processing investment at Te Awamutu site
Fonterra has announced an investment to improve wastewater processing at its Te Awamutu site in New Zealand's Waikato region.
Lamb Weston to take full control of European JV
Lamb Weston is paying Meijer Frozen Foods €700m for the remaining 50% share in the business, comprising €525m in cash and €175m of its common stock.
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