The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Mergers & Acquisitions
Update: US Justice Department denied motion for injunction following US Sugar acquisition
Judge Maryellen Noreika has denied the US Justice Department’s motion for injunction pending appeal following US Sugar’s acquisition of Imperial Sugar.
Danone announces $22m investment to end US hunger
Danone North America says it will invest $22 million to improve food access and affordability, nutrition, health and education in the US by 2030.
Cult Food Science's De Novo Dairy secures funding
Cult Food Science has secured funding for its De Novo Dairy portfolio company to accelerate the release of its first cultivated dairy product in Africa.
Fonterra trials sustainable organic battery at UHT plant
Fonterra has partnered with US energy storage company, PolyJoule, to trial an industrial-scale organic battery at its Waitoa UHT site in New Zealand.
Diageo revokes sale of Windsor whisky business
Diageo has terminated the conditional agreement to sell its Windsor whisky business to private-equity consortium Bayside/Metis.
Lakeland Dairies names Colin Kelly as next group CEO
Lakeland Dairies has announced that Colin Kelly will assume the role of group CEO following the retirement of Michael Hanley at the end of the year.
Nespresso appoints Anna Lundstrom as UK & ROI CEO
Nespresso has promoted its chief brand officer, Anna Lundstrom, to chief executive officer for the UK and Republic of Ireland.
Ball Corporation sells Russian packaging business for $530m
US aluminium packaging provider, Ball Corporation, has sold its beverage packaging business in Russia to Arnest Group for $530m.
Podcast: Growth of global demand for gourmet ice
Listen to this exclusive podcast interview with Know Ice and Procubitos Europe. FoodBev is joined by Ivan Villalba, director Americas and globalisation.
Fonterra decides not to sell stake in Australian business
Fonterra has decided not to sell a stake in its Australian business, a decision that could reduce the NZD 1bn in returns slated for shareholders.
General Mills starts fiscal 2023 with 4% Q1 sales growth
General Mills has reported a 4% increase in net sales to $4.7bn and 29% rise in operating profit to $1.1bn in its first-quarter fiscal 2023 results.
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