Mondelez International has bought the remaining 20% stake in Vietnamese food company Kinh Do’s snack unit for VND 2tn ($90m) as part of its expansion strategy in emerging markets. In November 2014, Mondelez had agreed to buy 80% of ...
Nutella-maker Ferrero International’s Canadian subsidiary is planning to expand its Ontario factory in Brantford to begin production of three new products. The company is looking to invest CAD36.1m ($27.6m) to scale up its ...
Tags: Ferrero, Australian markets
Sales will continue to grow as major companies roll out new products with long-lasting flavors in a highly competitive market Wallace Chung looked as if he had just stepped off a movie set. Dressed in an electric blue jacket with matching ...
Tags: Chewing Gum, chewing gum market
US based chocolate and confectionary products manufacturer BBX Sweet, subsidiary of BBX Capital, has acquired the assets of Kencraft Candy. Established in 1969, Utah based Kencraft provides homemade hard candies in the US. It offers ...
August 15, marks an important milestone in trade relations between Canada and Colombia with the celebration of the second anniversary of free trade between the two nations. Exports from Colombia to Canada have grown by 19.5% during that ...
Dutch-Italian confectioner Perfetti Van Melle has signed a marketing, sales and distribution deal with global market expansion firm DKSH for the launch of its products into Myanmar. The confectioner has entered into an agreement with ...
Tags: confectioner, soft chews, consumer goods
US-based consumer healthcare company Ganeden Biotech has received US Food and Drug Administration (FDA) Generally Recognized As Safe (GRAS) status for GanedenBC30 (Bacillus coagulans GBI-30, 6086), a spore-forming probiotic ingredient. ...
Tags: healthcare company, spore-forming probiotic ingredient