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…]
Finance
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…]
Australia invests additional $24.3 M to tackle eating disorders
Eating disorders are among the most complex and deadly of psychiatric illnesses The government of Australia is investing an additional $24.3 million through the 2022-23 Budget to implement new community-based treatment services and fund existing support and treatment services for Australians with an eating disorder. The number of people in[Read More…]
Fonterra tail off their India Joint Venture
Fonterra and Future Consumer Limited have agreed to wind down their 50:50 India joint venture – Fonterra Future Dairy. The joint venture was established in 2018 and has 22 employees, all of which will receive appropriate entitlements. Despite this, the joint venture has delivered some important initiatives, including the launch[Read More…]
Seafood leader Thai Union & TMBThanachart Bank sign Finance loan agreement
Thai Union’s embrace of Blue Finance is a key component of the Company’s corporate goal of ‘Healthy Living, Healthy Oceans’. Thai Union Group PCL has signed a THB 2 billion short-term Blue Finance loan agreement with TMBThanachart Bank Public Company Limited, further expanding its position in financing that benefits the[Read More…]
Tetra Pak invests in four new recycling facilities
Tetra Pak has co-invested over €11.5 million with recyclers and industry players, to help set up four completely new recycling solutions for carton packages in Turkey, Saudi Arabia, Ukraine and Australia. Tetra Pak has co-invested over €11.5 million with recyclers and industry players, to help set up four completely new[Read More…]
Fonterra lifted its forecast Farmgate Milk Price range
Fonterra CEO Miles Hurrell says the lift in the forecast reflects the increase in global dairy prices since the Co-op’s last milk price update in January, and good levels of ongoing global demand for dairy. Fonterra Co-operative Limited lifted its 2021/22 forecast Farmgate Milk Price range to NZ$9.30 – $9.90[Read More…]
Fonterra, agreed a strategic partnership with NZX & EEX for future growth
The strong alignment of all three shareholding partners to GDT’s purpose of credible price discovery will support initiatives to increase liquidity on GDT, attract new supply from prominent dairy producing regions, and will strengthen GDT’s linkages to financial trading platforms Fonterra has agreed a strategic partnership with New Zealand’s Exchange[Read More…]
