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…

January 20, 2023 | Company News

Mondelēz International announced the launch of the fourth annual State of Snacking™ report.

Mondelēz International, Inc. empowers consumers to snack right in over 150 countries around the world. This year’s report explores how current economic challenges are affecting consumer snacking choices around the…

January 16, 2023 | Company News

Nutreco Partnership with BiomEdit to Transform Feed Additives Through Microbiome Technology

Collaboration an industry-first focusing on discovery, development, and commercialisation of next-generation ultra-specialty feed additives called Biome-actives to address livestock producers’ health and sustainability challenges    The partnership aligns Nutreco Exploration (NutEx), Nutreco’s team tasked with developing proprietary ultra-specialty ingredients to promote its purpose of Feeding the Future, with animal health’s most advanced microbiome biotech company, BiomEdit. …

January 11, 2023 | Company News

FrieslandCampina Ingredients announces it has entered a strategic partnership with specialist biotechnology company Triplebar Bio Inc.

The partnership reaffirms the commitment of both companies to develop innovative and futureproof protein solutions that improve human health. FrieslandCampina Ingredients, the global innovator in healthy and functional ingredients, today…