FMCG major ITC is planning to venture into dairy business with the launch of ghee (clarified butter) by the end of the current quarter. The company is likely to roll out its range of dairy products within the next few years. The range ...
Tags: Dairy Products, clarified butter
Swiss food business Aryzta has acquired Irish-owned gourmet food products supplier La Rousse Foods. La Rousse Foods operates own butchery, cheese-maturing room and chocolate lab to cater to more than 1,300 corporate customers in Ireland. ...
Tags: food production, fresh food, seasonal food
The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department (FEHD) in Hong Kong has found traces of Red 2G, a non-permitted coloring ingredient, in lucky bun. Red 2G is banned for use in food products as long term ...
Tags: Red 2G, Environmental Hygiene
US based specialty food distributor The Chefs’ Warehouse has completed the acquisition of Del Monte Capitol Meat and its affiliated companies for an initial price of $185.5m. The initial price of this purchase also includes the ...
Tags: specialty food, meat
Colborne based food processing facility Ontario Agri-Food Venture Centre has received $225,000 to support the advancement of small batch food products grown in eastern Ontario, Canada. This funding will enable the firm to accommodate ...
Tags: vegetables, fruits, Food
Australian farmers, agribusiness and food business entrepreneurs working with Chinese businesses are reporting greater access to new markets and value chains, which is translating to increased profits, according to new research released ...
Japanese trading company Itochu has decided to sell its stake in China Foods Investment (CFI) in an effort to make a $10.4bn investment in Chinese state-owned firm Citic. The company will now sell its 74.1% shares in Chinese food unit ...
Tags: Foods Investment, CFI
US-based Bob Evans Farms has scrapped plans to sell or spinoff its sausage and refrigerated-food business. This comes after the company witnessed 18% decline in shares to $48.80. Sandell Asset Management, which owns over 7% of Bob ...
Qatar Investment Authority’s wholly-owned subsidiary Hassad Food is looking at options to purchase Brazilian sugar and poultry assets, in a bid to venture into North American market. Reuters reported citing Hassad Food business ...
Tags: Hassad Food, Poultry Assets
Nestlé Spain has agreed to divest its La Cocinera frozen ready to eat meals business to British frozen food and seafood supplier Findus Spain for an undisclosed amount. The company has signed an agreement to this effect which is ...
Concerns about labelling and a desire for convenience are trends that are set to continue into 2015, according to global market research organisation Innova Market Insights. Innova Market Insights has released its overview of the Top Ten ...
Tags: Food, Beverage, Agriculture
Private equity firm India Value Fund Advisors (IVFA) is set to expand its investment in food sector. The new investments will be led by Haresh Chawla, a partner of IVFA and the former CEO of Network18. The company will also expand its ...
Tags: Food Sector, Agriculture
PepsiCo has announced two leadership appointments that further strengthen the company's management team. Enderson Guimaraes, currently CEO, PepsiCo Europe, has been named EVP, Global Categories and Operations, PepsiCo. He will be ...
Tags: PepsiCo, Snacks, Beverage, Agriculture
Bob Evans Farms' investor Sandell Asset Management said that at least six private-equity firms are eyeing the company's food business, BEF Foods. As reported in the Wall Street Journal, the potential bidders for Bob Evans include Spirit ...
Tags: Equity Firms, Food Business, Food
Mitsubishi Corporation has proposed to acquire Norwegian salmon processor Cermaq, in a deal worth NOK8.88bn ($1.4bn). The company has launched a voluntary cash tender offer for the proposed acquisition. The move is in line with ...