3 SQUARE is preparing for the next round of fundraising to accelerate an expansion of 300 brands in the 3 SQUARE ecosystems across Southeast and North Asia 3 SQUARE – a digital foodhall network and virtual restaurant group – has announced that it has successfully raised an oversubscribed seed round[Read More…]
Finance
China’s leading dairy operator completes a HKD5 billion listing
Youran’s IPO offering size totaled approximately HKD5.0 billion giving Youran a total market value of HKD26.5 billion (US$3.4 billion) upon listing in hong kong China Youran Dairy Group Limited, China’s largest integrated upstream dairy player by revenue, debuted on the Hong Kong Stock Exchange on Friday, June 18, 2021. Youran’s IPO offering size[Read More…]
Chairperson of Harvest Capital Alan Song on successful entrepreneurs
Eastroc Beverage recently marked a major milestone and entered a new and exciting chapter with its successful initial public offering. Eastroc Beverage (Group) Co., Ltd., a China-based company principally engaged in the R&D, production and sales of beverages, recently marked a major milestone and entered a new and exciting chapter with[Read More…]
Reckitt Benckiser sells child nutrition biz in China to Primavera Capital
Following the transaction, Primavera will have a royalty-free perpetual and exclusive license of the Mead Johnson brand in Greater China Primavera Capital Group has signed a definitive agreement with Reckitt Benckiser Group plc, a world’s leading consumer health, nutrition, and hygiene company, to acquire the Greater China business of Mead Johnson Nutrition[Read More…]
Nestle invests $220M in Indonesian beverage plant
To produce Bear Brand liquid milk and ready-to-drink beverages Nestlé has broken ground on the construction of a new factory in Batang, Indonesia. The factory will create about 200 new jobs in the Central Java province and will produce Bear Brand liquid milk and ready-to-drink beverages, Milo and Nescafé, to fulfill growing consumer demand. It[Read More…]
Lamb Weston Holdings invests $250 M in french fry processing Facility in China
The facility is expected to add approximately 280 full-time positions US based Lamb Weston Holdings, Inc. has announced an expansion of french fry processing capacity in China and the declaration of its quarterly dividend. “The french fry category is poised for growth globally, and China continues to be a critical[Read More…]
Mondelēz acquires Australian firm Gourmet Food Holdings
The company has entered fast-growing premium and well-being cracker segment Mondelēz International has recently announced that it has entered into an agreement to acquire Gourmet Food Holdings Ptd. Ltd, a leading Australian food company with a strong position in the attractive premium biscuit and cracker category. Gourmet Food’s brands, including OB[Read More…]
Danone partners with CDI to convert stake in Chinese partner Mengniu
Mengniu is a leading Chinese manufacturing and distribution company of dairy products As part of its ongoing portfolio review, Danone has announced that it has reached an agreement with COFCO Dairy Investments Limited (CDI), to convert Danone’s stake in China Mengniu Dairy Company Limited (Mengniu), currently held indirectly, into a [Read More…]
Tate & Lyle to acquire tapioca business in Thailand
This investment extends Tate & Lyle’s presence in specialty tapioca-based texturants Tate & Lyle PLC, a leading global provider of food and beverage ingredients and solutions, has signed an agreement to acquire an 85% shareholding in Chaodee Modified Starch Co., Ltd. (CMS), a well-established tapioca modified food starch manufacturer located[Read More…]
Dairyworks sells Deep South ice cream brand
Sold its Deep South brand and associated ice cream operations to Talley’s for an undisclosed sum New Zealand based Dairyworks Limited, a subsidiary of Synlait Milk Limited (Synlait), has sold its Deep South brand and associated ice cream operations to Talley’s Group for an undisclosed sum, effective 12 November 2020.[Read More…]
