Existing commercial partnerships, including joint-ventures in India and Vietnam remain in place In accordance with its continued focus on capital allocation discipline and balance sheet strength, Danone has launched the sale via an accelerated bookbuilding process of its remaining 6.61% stake in Yakult Honsha Co. Ltd. (“Yakult”), a global leader[Read More…]
Finance
Urban Tea acquires 80% equity interests in Guokui Management
Has entered into a share purchase agreement Urban Tea Inc. (MYT), a premier retailer of specialty teas and baked goods based in Hunan, China, has announced that it has entered into a share purchase agreement, pursuant to which the Company agreed to pay $400,000 in cash to acquire 80% of the equity interest[Read More…]
World’s first edible insect protein company to launch IPO
Ento is an early stage alternative protein company specializing in farming, food technology and distributing edible insects (crickets and larvae) for human consumption Ento, a Malaysia-based alternative protein company has announced the launch of its equity crowdfunding campaign (ECF) via Fundnel, marking one of the world’s first alternative protein companies to[Read More…]
Amber Beverage acquires 100% of Australian distributor
ABG has taken over full ownership of the company as part of its strategy to become a multinational beverage company European firm Amber Beverage Group (ABG) has acquired 100% of Think Spirits, Australia’s leading family spirits distribution business, which has, despite the challenges of Covid-19, recorded impressive results during 2020.[Read More…]
SilverConnect to launch dysphagia friendly meals online
Dysphagia, or the difficulty to swallow, is more common in older people and often results from nerve or muscle problems SilverConnect, a medical nutrition startup creating specialized food solutions for people with dysphagia, announced that it closed a Seed financing round led by Heritas Capital Management, with participation from SEEDS[Read More…]
Califia Farms completes Iconic $ 225 million financing
This funding provides Califia Farms, a leading plant-based beverage and food company, with long-term capital and global support to continue its rapid expansion and disruption in the ready-to-eat dairy and coffee markets worth $ 1,000 billion Califia Farms ®, a leading independent plant-based food and beverage company founded by natural products[Read More…]
World Bank raises awareness for food loss in Japan
More than 800 million people around the world are suffering from hunger The World Bank (International Bank for Reconstruction and Development, IBRD rated Aaa/AAA) has launched Sustainable Development Bonds totaling $500 million. The Norinchukin Bank, a national-level financial institution for agricultural, fishery and forestry cooperatives in Japan, is the sole[Read More…]
SATS gains full ownership of JV with BRF for S$17M
This acquisition is in line with SATS’ vision to feed and connect Asia SATS Ltd., Asia’s leading provider of Food Solutions and Gateway Services, has announced that it has acquired the remaining 49% shareholding in joint venture company, SATS BRF Food Pte. Ltd. (SBRF) from BRF GmbH (BRF) for S$17[Read More…]
Yum China to acquire controlling stake in Huang Ji Huang Group
Expanding its Chinese Dining Business Yum China Holdings, Inc. has announced that it has entered into a definitive agreement to acquire a controlling interest in the Huang Ji Huang group, a leading Chinese-style casual dining franchise business. Subject to the satisfaction of closing conditions and regulatory approvals, the transaction is expected[Read More…]
A-Labs announces successful closing of the round of finance
The Company has developed a novel plant-based baby food formula as an alternative to dairy based products that take up the vast majority of the $83 billion-dollar global market. A-Labs has announced the successful closing of the round of finance in collaboration with Canaccord Genuity Inc. for ELSE Nutrition Holdings Inc. The[Read More…]
