The ruby chocolates will go on sale at KitKat boutiques in Japan and South Korea as well as online very soon, ensuring chocolate lovers will have access to the treat before the Feb 14 holiday. Nestle SA will sweeten Japan’s Valentine’s Day with ruby-chocolate KitKats, choosing one of the world’s[Read More…]
Company News
Dealmaking Ferrero tycoon breaks decades of family tradition with Nestle buyout
The latest acquisition is by far his biggest bet, sinking US$2.8 billion (S$3.7 billion) into a tough market where Nestle was losing ground, and swimming against the tide as many rivals move towards healthier products. With Giovanni Ferrero at the helm of the Nutella maker, the traditionally Europe-focused business has[Read More…]
Hormel Foods partners with Menchie’s Frozen Yoghurt
According to the company, Menchie’s Peanut Butter Brownie frozen yogurt is made with real cocoa powder and Skippy peanut butter and contains no artificial flavors, colors, high-fructose corn syrup or partially hydrogenated oils. Hormel Foods Corp. has partnered with Menchie’s Frozen Yogurt to launch a limited-edition flavor featuring Skippy peanut[Read More…]
Arla announces collaboration with Indonesian firm Indofood
The joint venture will be called Arla Indofood Sukses Makmur. Arla Foods has entered into a joint venture with Indonesia’s PT Indofood CBP Sukses Makmur Tbk, with the aim of strengthening the brand’s presence in the Southeast Asian market. The dairy co-operative will acquire the majority stake in the company, owning[Read More…]
Houjicha tea catches on as alternative beverage in Japan
According to market research firm Intage, sales of hojicha beverages in 2016 totaled about 14 billion yen (S$166 million), a 30 per cent increase from 2012. Beverages, sweets and other products flavoured with hojicha, or Japanese roasted green tea, have become a common sight in stores these days. Hojicha’s mild[Read More…]
Ortus to leverage Malaysia’s leading role in wellness industry
Wellness and beauty (which includes cosmetics) in Malaysia are already billion-ringgit industries. The global wellness and beauty industries are growing at an impressive rate and Malaysian firms are capitalising on this trend by setting up bigger centres to attract customers. The two industries are known to be resistant to economic[Read More…]
GoMkt app unveils new food shopping platform
Once an offer is published, GoMkt users can then make a purchase before heading to the retailer to collect their items. Transactions are completed electronically Mobile app GoMkt has unveiled a new food shopping platform designed to match deal-seeking New Yorkers with environmentally conscious retailers offering food that could otherwise[Read More…]
Tea Forté adds spiced chai line to its portfolio
Chakra Collection will be available from January 2018 in the US with prices starting at $18 per box Artisan tea company Tea Forté will launch a range of traditional chai teas as part of its Chakra Collection. The brand said, “its blenders have added new notes to the traditional spice[Read More…]
Freedom Foods teams up with Mountain Milk
The agreement ensures Mountain Milk’s founding farmers achieve a fair and competitive farm gate price. Freedom Foods Group and Mountain Milk Co-operative have planned to work together to form a new supply arrangement for milk from north-east Victoria, benefiting the group’s Shepparton plant. Victoria’s newest dairy co-op, which was formed[Read More…]
Raisio sells its confectionery business to Valeo for 100m euros
Valeo Foods has annual sales of over €700 million and its portfolio of brands includes Jacob’s and Rowse Honey Finnish company Raisio has sold its confectionery business, which includes the Poppets and Fox’s brands, to Valeo Foods Group for €100 million. Raisio’s confectionery operations consist of six production plants in the[Read More…]
