The acquisition includes Wine Hooligans’ Santa Rosa production facilities, which have been instrumental in the company’s winemaking operations Bronco Wine Co., a leading force in the U.S. wine industry announced the acquisition of key assets of Wine Hooligans at auction. Bronco Wine Co., which has been the majority shareholder in Wine Hooligans[Read More…]
Finance
Restaurant Brands International announces plan for Burger King in China
RBI acquires partners’ equity stakes and will identify a new local operating partnertransaction shows commitment to drive long-term growth in China Restaurant Brands International announced that a subsidiary of RBI has acquired from TFI Asia Holdings BV (TFI) and Pangaea Two Acquisition Holdings XXIII, Ltd (Cartesian) all their equity interests in[Read More…]
Suntory invests 6.5 Bn Yen in Osaka plant to strengthen gin category in Japan
The 5.5 billion yen capital investment from 2024 to 2025 will increase production capacity and enhance quality craftsmanship for its spirits and liqueurs Suntory Spirits, a company that manages Suntory Group’s alcoholic beverage business in Japan, announced a total investment of 6.5 billion yen in the Suntory Osaka Plant, the[Read More…]
Coca-Cola’s net revenue up by 3% to $47Bn
Global unit case volume grew 2 per cent in Q4, led by China, Brazil, and the United States, while full-year volume saw a 1 per cent increase, driven by growth in Brazil, India, and Mexico The Coca-Cola Company has reported robust financial and operational results for the fourth quarter and[Read More…]
Bold investments needed to address challenging nutritional burden in Africa
FAO Director-General addresses High-Level Side Event at African Union Summit in Addis Ababa hosted by the King of Lesotho The Director-General of the Food and Agriculture Organization of the United Nations (FAO), QU Dongyu, told African leaders gathered in Addis Ababa that “bold investments” are needed to achieve our collective[Read More…]
Unilever reports growth in food and ice cream divisions
Unilever’s Foods division saw 2.6 per cent growth, with Knorr and Hellmann’s accounting for about 60 per cent of the segment-leading the way Unilever’s Foods and Ice Cream segments experienced steady growth in the past year, with underlying sales increasing by 2.6 per cent and 3.7 per cent, respectively. The[Read More…]
Nestlé reports solid 2024 performance sets ambitious growth plans
Nestlé expects organic sales growth to improve in 2025, though underlying trading operating profit margins may see short-term pressure due to increased investments Nestlé has announced its financial results for 2024, reporting a 2.2 per cent organic sales growth, with real internal growth (RIG) of 0.8 per cent and pricing[Read More…]
Ingredion invests $100 Mn in Indianapolis plant
The project is expected to be completed in the second half of 2026 Ingredion Incorporated, a leading global provider of ingredient solutions for food, beverage and industrial applications, announced investments of more than $100 million to increase efficiency, modernize equipment and also install an energy cogeneration system at its Indianapolis[Read More…]
Solina acquires US-based Sokol Custom Food Ingredients
The acquisition will enhance Solina USA’s sweet sauce capabilities, increase capacity and scale, further strengthen its resilient supply chain, and drive growth Paris-based Solina, a leader in the global food industry specialising in savoury food solutions, has acquired U.S.-based Sokol Custom Food Ingredients (Sokol), further expanding its presence in North America.[Read More…]
Mérieux NutriSciences completes acquisition of Bureau Veritas
Through this phase of the acquisition, Mérieux NutriSciences establishes a strong presence in the Japanese, Moroccan and Southeast Asian markets, and enhances its capabilities in South Africa Mérieux NutriSciences, a global leader in food safety, quality, and sustainability, has announced the completion of its acquisition of Bureau Veritas’ food testing activities[Read More…]
