October 11, 2023 | Africa

IFC and OCP launch an agri-finance platform for sustainable food systems

The new platform will build and support sustainable food production and distribution systems in Africa IFC and OCP Group, the world’s largest phosphate-based fertiliser producer launched an agri-finance platform to…

October 10, 2023 | Company News

Wanda Fish raises $7M in seed funding for pilot production of cultivated bluefin tuna

Netherlands-based aquaculture investment fund Aqua-Spark led the round, joined by additional investors The Kitchen Hub, Peregrine Ventures, PICO Venture Partners, MOREVC, and CPT Capital Israel-based FoodTech start-up Wanda Fish Technologies, Ltd.,…

August 29, 2023 | Beverages

Aboitiz Equity Ventures to acquire Coca-Cola Philippines

The proposed deal will strengthen CCEP’s global presence as the largest Coca-Cola bottler in terms of revenue and volume, following its recent expansion into Australia, Pacific & Indonesia Coca-Cola Europacific…

August 25, 2023 | Company News

Subway announces sale to Roark Capital

The transaction combines Subway’s global presence and brand strength with Roark’s deep expertise in restaurant and franchise businesses Subway announced that it has entered into a definitive agreement to be acquired…

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…