August 23, 2023 | Company News

Abe Yus Malaysia advances with expansion via Pre-Franchise Program

Abe Yus Malaysia has garnered renown for its delectable ‘Kari Puffs’ from grab-and-go food carts, establishing itself as a frontrunner in the Malaysian F&B landscape Abe Yus Malaysia, a distinguished…

August 8, 2023 | Australia

Grants open for wine and cider producers in Australia

The program provides funding of up to $100,000 to wineries and cellar door operators who grow and promote agri-tourism Applications for the fifth round of Australia’s Wine Tourism and Cellar…

August 7, 2023 | Beverages

Nestlé announces organic growth of 8.7%

Nestlé reports half-year results for 2023 In its half-year market report for 2023, Nestlé announced impressive organic growth of 8.7 per cent, with pricing alone accounting for 9.5 per cent…

August 7, 2023 | China

Yum China’s net income up by 139% in Q2

Total Revenues up 25%; system sales grew 32% in constant currency; operating profit increased 216% In the second quarter of 2023, Yum China Holdings reported a net income of $197…

June 14, 2023 | Company News

Kerry invests €30 M in Indonesian site to create authentic tastes for Southeast Asia

Company’s largest greenfield investment in Southeast Asia and largest capital investment in the region Ireland-headquartered Kerry, a world leading provider of taste and nutrition solutions, has officially opened a new state-of-the-art…

May 1, 2023 | Company News

Vietnam-based Vinamilk eyes international business diversification

To meet the growing demands with innovative solutions Following Gulfood Dubai 2023, the world’s largest food exhibition that took place earlier this year, Vietnam-based dairy firm Vinamilk has announced plans…

April 28, 2023 | Australia

Japanese F&B giant Kirin Holdings buys Australian brand Blackmores for A$1.8 billion

Blackmores directors have unanimously recommended shareholders vote in favour of the scheme Japanese food and beverages (F&B) giant Kirin Holdings Company is acquiring Australian-listed healthcare company Blackmores at a cost…

February 3, 2023 | Food

Indian firm Reliance inks strategic partnership with Sri Lankan biscuit brand Maliban

Partnership to enable access to globally recognised product portfolio Reliance Consumer Products Limited (RCPL), the FMCG arm and a wholly owned subsidiary of Indian firm Reliance Retail Ventures Limited (RRVL),…

January 27, 2023 | Company News

Barry Callebaut Group announced that Moody’s changed the Group’s long-term rating outlook to ‘positive’ from outlook ‘stable’

The outlook on all senior unsecured long-term ratings assigned to the bonds issued by Barry Callebaut Services N.V. has also been changed to ‘positive’ from ‘stable’.  Paolo Leschiutta, Senior Vice…

January 25, 2023 | Company News

BENEO buys shares in German start up to get close to the consumer needs for plant based meat solutions

company focused on the development, production, marketing and distribution of meat replacement and meat alternative products, as well as other products linked to BBQ foods.  A start-up for hybrid, vegetarian…