Nestlé bolsters North American coffee business with acquisition of Seattle’s Best Coffee This transaction is part of Nestlé’s focus on driving sustained profitable growth in the coffee category and strengthens the Global Coffee Alliance by allowing both companies to focus on their core strengths. Seattle’s Best Coffee’s approachable line of[Read More…]
Finance
Brand Finance Declared Vinamilk as “The 6th Most Valuable Dairy Brand” in Vietnam
Vietnam’s leading dairy manufacturer has reached a new milestone by being ranked 6th position in the Top 10 Most Valuable Dairy Brands by Brand Finance. The US$2.8 billion valuation this year sees an impressive 18% increase as compared to 2021, reaffirms Vinamilk’s leading position. Specifically, in the dairy segment, the brand was ranked[Read More…]
Pizza Hut Partners with Beyond Meat™ to Launched Plant-Based Meat Pizza in Asia
Pizza Hut Singapore, the nation’s leading pizza restaurant, is once again breaking new ground with the launch of Cheesy 7 Beyond™ Supreme, a plant-based version of one of its best-selling creations – the Cheesy 7 Pizza. Pizza Hut partnership with Beyond Meat™, a leader in plant-based meat, the Cheesy 7 Beyond™[Read More…]
Equinom, AGT Foods collaborate to create plant-based protein ingredients
Equinom and AGT Foods reached an agreement to accelerate the development, validation and commercialization of co-branded functional ingredients produced from Equinom ultra-high protein yellow pea varieties. Equinom, the food tech company on a mission to cultivate better food from the ground up, and AGT Food and Ingredients Inc. (AGT), one[Read More…]
NewFish with Sophie’s Bionutrients to Accelerate Innovation in Microalgae
This collaboration will span global value chains, including shared research and development, co-development of microalgae strains, ingredients supply for manufacturing, and commercializing new food and alternative dairy solutions. Sophie’s Bionutrients and NewFish®, two pioneers in the field of microalgae protein fermentation, with the support of New Zealand-based marine research powerhouse, Cawthron[Read More…]
USDA provides nearly $2B funding to food banks and school meal programs
The investment is part of the Department’s broader commitment to strengthening the supply chain and making nutritious food more accessible for families. The U.S. Department of Agriculture announced that it will provide close to $2 billion in additional funding to food banks and school meal programs for purchasing American-grown foods.[Read More…]
McCain acquires Netherlands-based frozen foods brand Scelta Products
Scelta Products’ plant assets will be integrated into McCain’s product network, creating increased production capacity to accelerate global prepared appetizer growth throughout European and international markets. McCain continues to look for opportunities to grow and invest with acquisitions that align with its business values and global leadership position. Scelta Products[Read More…]
The Green Cofee Company launches $100 million Series C funding round to expand its Colombian operations
“This funding round will push us further towards our goal of becoming the world’s largest arabica-coffee producer,” said Cole Shephard, Green Coffee Company Founder and partner at Legacy Group. The Green Coffee Company, a Legacy Group portfolio company and Colombia’s largest coffee producer, company announced the launch of its $100 million Series C funding round.[Read More…]
Nestlé reports Organic growth in sales for 2022
Organic growth reached 7.6%, with real internal growth (RIG) of 2.4% and pricing of 5.2%. Growth was broad-based across most geographies and categories, with increased pricing, continued momentum in retail sales and a further recovery in out-of-home channels. Total reported sales increased by 5.4% to CHF 22.2 billion (3M-2021: CHF 21.1 billion). Foreign exchange decreased sales[Read More…]
Missfresh’s continued improvements to private label fresh food brand lead to sales bulging for Q4
Yungui Xiao, who leads Missfresh’s merchandising department, shared that the company has been constantly upgrading its supply chain capabilities. Using big data analytics to extract insights on customers’ consumption habits, Missfresh’s merchandising team is able to optimize factors such as the portion size and weight of fresh food offerings. Missfresh Limited a pioneer in[Read More…]
