Strategic partnership with MHP SE, with investments surpassing SAR 200 million, and MoU with Vibra Agroindustrial S.A., targeted towards enhancing food security in the country Saudi Arabia-based Tanmiah Food Company, a market-leading provider of fresh and processed poultry and other meat products, animal feed and health products, and a foods[Read More…]
Finance
Britannia registers strong profit growth in Q2’24
The sales growth over last year is 1 per cent, the 24-month growth is 23 per cent. Britannia’s Operating Profit stood at Rs 801 Crs, growing 21 per cent over last year, with the 24-month growth at 58 per cent Britannia’s Consolidated Sales for the Quarter ended 30th September 2023[Read More…]
TCPL earns Rs359 crore net revenue in Q2, revenue up by 11%
Starbucks, the globally renowned beverage brand owned by Tata, reported a robust revenue growth of 14 per cent for the quarter Tata Consumer Products Ltd. (TCPL) recorded a net profit of INR 359.18 crore for Q2 FY23. The company’s net revenue grew by 11 per cent YoY to INR 3,734[Read More…]
Breakthrough Victoria to invest in Australia’s Eden Brew animal-free dairy
Breakthrough Victoria’s investment is part of a $24.4 million Series A investment round, which includes Main Sequence Ventures, Orkla, Digitalis Ventures, Possible Ventures and Radar Ventures Breakthrough Victoria will invest up to $6 million in animal-free dairy company Eden Brew’s Series A round. Eden Brew was established in 2021 as[Read More…]
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 mobilise $800 million of blended capital by 2030. The new platform will build and support sustainable food production and distribution[Read More…]
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., announces it has secured $7 million in seed funding. The round was led by Netherlands-based global aquaculture investment fund Aqua-Spark, with additional funding[Read More…]
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 Partners plc (CCEP) has teamed up with Aboitiz Equity Ventures Inc. (AEV) to pursue the acquisition of Coca-Cola Beverages Philippines,[Read More…]
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 by affiliates of Roark Capital. The transaction is a major milestone in Subway’s multi-year transformation journey, combining Subway’s global presence[Read More…]
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 F&B brand under the esteemed Treasure Global Inc umbrella, announces its successful accreditation in the esteemed Perbadanan Nasional Berhad (PERNAS)[Read More…]
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 Door Grants program are now open for wine and cider producers. The program provides funding of up to $100,000 to[Read More…]
