The European Bank for Reconstruction and Development (EBRD) has offered a loan of $2.28m to Berk group, a Turkmen brewing company, to foray into salty snacks business. The new salty business is expected to complement Berk’s beer ...
Tags: Berk, EBRD, loan, salty snacks business
Swiss food group Orior has announced that it will acquire the Culinor Food Group to strengthen its presence in the European market. Operating out of Benelux, Culinor is a major producer of ready-made meals and meal components serving ...
Tags: Orior, Culinor Food Group, expand
Hilton Food Group has signed an agreement with ModeloContinenteHipermercados (Sonae) to co-operate for the supply of retail packaged fresh meat into Sonae stores in Portugal. Under the terms of the agreement, Hilton will work with Sonae ...
Tags: fresh meat, food retailer
UK’s fresh prepared foods manufacturer Bakkavor Group has agreed to sell its Belgian fresh prepared food business, Vaco, to Culinor Food Group for undisclosed sum. The sale is part of Bakkavor's restructuring strategy to focus on ...
Tags: Bakkavor, fresh prepared foods
The Group´s current chief executive John Walden is to step down following the £1.4bn deal. Sainsbury’s chief financial officer, John Rogers has been lined up to lead the Argos owner Home Retail Group once the takeover ...
Tags: Argos, takeover, the digital transformation
Hindustan Unilever Ltd (HUL) has decided to divide its food and refreshments business into two separate businesses. India's largest consumer goods firm said that the change is in alignment with the category structure of Unilever globally. ...
Consumer goods conglomerate ITC is planning to set up eight new integrated food processing units in India by 2019, by investing over Rs 40bn ($593m). According to ITC divisional chief executive V L Rajesh, the investments are part of the ...
Asia's largest food innovation exhibition Inspire the Future of Food Business As the largest food and beverage exhibition in Asia, the 17th edition of SIAL CHINA 2016 will welcome 66,000 visitors and over 2,900 exhibitors from ...
Tags: Footprints
General Mills has agreed to sell its Argentina bakery and foodservice business to a Mexico-based baking company Grupo Bimbo for undisclosed sum. However, General Mills will retain its growing retail food business in Argentina, including ...
Tags: General Mills, Grupo Bimbo, Acquisition
Olam International and Mitsubishi Corporation (MC) have formed a joint venture called MC Agri Alliance (MCAA) in Japan for the supply of agricultural and food products. The joint venture will import and distribute coffee, cocoa, ...
Tags: Olam, Mitsubishi, MCAA
The US Department of Agriculture (USDA) will provide over $90m grant to strengthen local and regional food systems and for specialty crop development. Specialty crops include fruits, vegetables, tree nuts, flowers and nursery crops. ...
Tags: USDA, Local Food System, Crop development
Sainsbury's has confirmed that it will proceed with its offer for Home Retail Group (HRG), owner of Argos, and is "pleased" by last Friday's turn of events, which saw rival bidder Steinhoff international abandon pursuit in favour of ...
Tags: Sainsbury's, HRG, Argos
Cooking, home entertaining, and baking just got infinitely easier with the creation of the biēm butter sprayer, a first-of-its-kind kitchen tool that lets users convert a stick of real butter from solid to liquid spray in seconds. ...
2 Sisters Food Group is reportedly negotiating to sell its Fox's Biscuits unit to Burton's Biscuits, which is owned by Ontario Teachers' Pension Plan. The sale, which is being advised by Rothschild could bring the valuation of 2 Sisters ...
Tags: 2 Sisters Food, Biscuits
ASX-listed Collins Foods, which owns KFC and Sizzler restaurants in Australia, has reported profit growth for the six months ending the 18 October 2015. Total revenue was reported as AUD$269.7 million, a 5.1 per cent increase on the same ...
Tags: Collins Foods, KFC