The financing package comprises a $4 million concessional loan and a $17.95 million grant from the Asian Development Fund The Asian Development Bank (ADB) has approved a $21.95 million financing package to build Maldives’ capacity to combat the effects of climate change and ensure the sustainability of its food systems. [Read More…]
Finance
Reborn Coffee acquires 58% stake in South Korea’s Bbang Ssaem Bakery
The franchise model will allow Reborn Coffee to expand more rapidly across South Korea Reborn Coffee, a premier speciality coffee retailer announced the successful acquisition of a 58 per cent stake in Bbang Ssaem Bakery, a leading bakery chain with 31 locations across South Korea. This acquisition follows the previously[Read More…]
Corporación Multi Inversiones acquires Del Real Foods
The founders of Del Real Foods, the Cardenas family, and Palladium, will each own a minority equity stake in Del Real alongside CMI Corporación Multi Inversiones (CMI), a family-owned multilatina corporation with a 104-year legacy, more than 50,000 team members, and operations in 16 countries across Latin America and the United States, has entered into a definitive[Read More…]
Kilcoy Global Foods acquires Tyson Foods Australia’s Coominya operation
Kilcoy Global Foods plans to invest in the Coominya facility, now rebranded as Kilcoy Global Foods Coominya, in preparation for the next wave of growth Kilcoy Global Foods has officially acquired Tyson Foods Australia’s Coominya Operation, located just an hour’s drive from our Kilcoy facility. This operation is the primary[Read More…]
Big Idea Ventures announces six investments through GFIF II
This latest cohort includes groundbreaking startups from around the world focused on innovations ranging from fermentation-enabled fatty acids and protein-based flavours Big Idea Ventures (BIV), a global investment leader within the food-tech, agri-tech, and materials science sectors, announced six new company investments through the Global Food Innovation Fund II (GFIF[Read More…]
Happy Egg integrates with Egg Innovations
Strategic move strengthens Happy Egg’s position as a leading consumer brand for organic, free-range, pasture-raised and regenerative eggs Happy Egg, a trailblazer in organic and outdoor access egg farming, announced the completion of its merger with Egg Innovations, a leader in regenerative egg farming. This strategic move further enhances Happy Egg’s[Read More…]
WishNew Wellness secures $250,000 in angel funding
The newly acquired funds will be strategically allocated to enhance research and development initiatives WishNew Wellness, an innovative provider of comprehensive wellness solutions, announced the successful opening of its angel funding round, raising $250,000 at a valuation of $5.65 million. The fundraiser was led by a distinguished group of alumni[Read More…]
Starbucks acquires 23.5 Degrees in UK
This acquisition brings on board the largest Starbucks-licensed business partner in the market, encompassing approximately 113 stores and 1,650 employees Starbucks Coffee Company announced it has acquired 23.5 Degrees in the U.K., further expanding its portfolio of company-operated stores and enhancing the coffeehouse experience for customers. This acquisition brings on[Read More…]
Pacific Seafood to acquire Trident Seafoods’ Kodiak operations
The two parties committed to a smooth transition for the benefit of all stakeholders Trident Seafoods and Pacific Seafood jointly announced that they have reached an agreement in principle for Pacific to acquire Trident’s Kodiak processing operations. The companies are currently completing the due diligence process and expect to finalise[Read More…]
Mondi completes €95 Mn investment to boost efficiency at Świecie mill
The completion of this project marks a milestone for Mondi Świecie Mondi, a global leader in sustainable packaging and paper, has recently completed a €95 million investment at its Świecie containerboard mill, which will increase kraft liner capacity by 55,000 tonnes. The upgrade comprises an extensive rebuild of PM2 and[Read More…]
