The new platform will build and support sustainable food production and distribution systems in Africa IFC and OCP Group, the world’s largest phosphate-based fertiliser producer launched an agri-finance platform to mobilise $800 million of blended capital by 2030. The new platform will build and support sustainable food production and distribution[Read More…]
Finance
Wanda Fish raises $7M in seed funding for pilot production of cultivated bluefin tuna
Netherlands-based aquaculture investment fund Aqua-Spark led the round, joined by additional investors The Kitchen Hub, Peregrine Ventures, PICO Venture Partners, MOREVC, and CPT Capital Israel-based FoodTech start-up Wanda Fish Technologies, Ltd., announces it has secured $7 million in seed funding. The round was led by Netherlands-based global aquaculture investment fund Aqua-Spark, with additional funding[Read More…]
Aboitiz Equity Ventures to acquire Coca-Cola Philippines
The proposed deal will strengthen CCEP’s global presence as the largest Coca-Cola bottler in terms of revenue and volume, following its recent expansion into Australia, Pacific & Indonesia Coca-Cola Europacific Partners plc (CCEP) has teamed up with Aboitiz Equity Ventures Inc. (AEV) to pursue the acquisition of Coca-Cola Beverages Philippines,[Read More…]
Subway announces sale to Roark Capital
The transaction combines Subway’s global presence and brand strength with Roark’s deep expertise in restaurant and franchise businesses Subway announced that it has entered into a definitive agreement to be acquired by affiliates of Roark Capital. The transaction is a major milestone in Subway’s multi-year transformation journey, combining Subway’s global presence[Read More…]
Abe Yus Malaysia advances with expansion via Pre-Franchise Program
Abe Yus Malaysia has garnered renown for its delectable ‘Kari Puffs’ from grab-and-go food carts, establishing itself as a frontrunner in the Malaysian F&B landscape Abe Yus Malaysia, a distinguished F&B brand under the esteemed Treasure Global Inc umbrella, announces its successful accreditation in the esteemed Perbadanan Nasional Berhad (PERNAS)[Read More…]
Grants open for wine and cider producers in Australia
The program provides funding of up to $100,000 to wineries and cellar door operators who grow and promote agri-tourism Applications for the fifth round of Australia’s Wine Tourism and Cellar Door Grants program are now open for wine and cider producers. The program provides funding of up to $100,000 to[Read More…]
Nestlé announces organic growth of 8.7%
Nestlé reports half-year results for 2023 In its half-year market report for 2023, Nestlé announced impressive organic growth of 8.7 per cent, with pricing alone accounting for 9.5 per cent of that growth. The real internal growth was -0.8 per cent. Nestlé CEO Mark Schneider attributes this success to the[Read More…]
Yum China’s net income up by 139% in Q2
Total Revenues up 25%; system sales grew 32% in constant currency; operating profit increased 216% In the second quarter of 2023, Yum China Holdings reported a net income of $197 million, which is an impressive 138 per cent increase compared to the previous year’s $83 million. The company’s total revenue[Read More…]
Kerry invests €30 M in Indonesian site to create authentic tastes for Southeast Asia
Company’s largest greenfield investment in Southeast Asia and largest capital investment in the region Ireland-headquartered Kerry, a world leading provider of taste and nutrition solutions, has officially opened a new state-of-the-art taste manufacturing facility in Karawang, West Java, Indonesia. This new €30 million 50,000m2 facility significantly expands Kerry’s taste offering in Southeast Asia (SEA) by delivering[Read More…]
Vietnam-based Vinamilk eyes international business diversification
To meet the growing demands with innovative solutions Following Gulfood Dubai 2023, the world’s largest food exhibition that took place earlier this year, Vietnam-based dairy firm Vinamilk has announced plans to participate in other trade promotion events such as Japan Foodex Fair, and FHA Singapore Fair, International SME Fair in Guangzhou,[Read More…]
