Abraaj Investment Management has raised its offer to acquire Egyptian cake and biscuit maker Bisco Misr to $129.6m. The move comes after breakfast cereal maker Kellogg's offered $127.06m for the biscuit producer, Reuters reported. ...
Tags: cake, biscuit, Agriculture
Pie Face collapses into voluntary administration Australian food franchise Pie Face has collapsed into voluntary administration. In a media statement, the Pie Face Group confirmed Jirsch Sutherland has been appointed as administrators. ...
Tags: Pie, Collapses, Agriculture
Abraaj Investment Management has secured approval from the Egyptian Financial Supervisory Authority to acquire 51% stake in the nation's confectionery producer Bisco Misr for $119m. The company, which will pay £73.91 per share, will ...
Dairy Queen has relaunched Reese’s Peanut Butter Cups Blizzard Treat, just in time for fall. Milk chocolate Reese's Peanut Butter Cups are blended with creamy DQ vanilla soft serve to create an irresistible flavor combination. The ...
Turkey’s Yildiz Holding has signed a deal to acquire UK-based cookie firm United Biscuits, the maker of Jaffa Cakes and Jacob Crackers, as part of its strategy to expand into new markets. Once the deal is closed, the Turkish firm ...
Tags: United Biscuits, Turkish firm, Agriculture
Mondelez International has agreed to acquire 80% stake in Vietnam-based Kinh Do's snack business for $370m, in order to strengthen its presence in emerging markets. The transaction includes the acquisition of Kinh Do's two production ...
Tags: snack business, Agriculture
Ecco Domani, an Italian wine brand, is launching Ecco Domani Prosecco, a lightly effervescent Prosecco with a contemporary screw cap closure. Prosecco continues to grow in popularity, with wine enthusiasts everywhere embracing the fun, ...
Premium cake brand, Kate’s Cakes, has launched its new ‘Cake Squares’ product range at Tesco stores in the UK. The homemade-style cakes are available in three flavours. These include Chocolate Fudge Cake, a rich ...
Tags: Kate's Cakes, cakes
North Carolina-based SunBurst Foods is voluntarily recalling all its products under Sunburst and Fresh Bites brands as well as private labeled products due to potential contamination with Listeria monocytogenes bacteria. Listeria ...
Food prices in New Zealand were down by 0.8% in September, following the 0.3% gain in August, according to the latest report released by Statistics New Zealand. During the period, fruit and vegetable prices fell 6.5%. Lower vegetable ...
Tags: Food Prices, Down, Food
In Chinese minds, the moon is associated with gentleness and brightness, expressing the beautiful yearnings of the Chinese. On the 15th day of the 8th month of the lunar calendar, the moon is full and it is time to mark the Moon Festival, ...
Tags: Moon, Mid-Autumn Festival
Mooncakes symbolize the gathering of friends and family and are an indispensable part of the offerings made to the Earth God, Tu Ti Kung. According to popular belief, the custom of eating mooncakes began in the late Yuan dynasty. As the ...
Tags: Mooncakes, Mid-Autumn Festival
The Chinese bakery and cereals market – already the largest in volume – is set to become the second most valuable by 2018, as more urban dwellers consume pick-me-up snacks on-the-go, according to new findings from global market ...
Tags: bakery market, cereals
Leading Canadian frozen yogurt chain Yogurty's is the first major player in the marketplace to launch a new category of frozen yogurt cakes with the introduction of froyo cakes 2go. A welcome addition to the existing Yogurty's 2go line of ...
Tags: Frozen Yogurt Cakes, frozen yogurt
Nestlé hospitality chocolate range changes name and expands to include couverture range Food manufacturer Nestlé Professional’s chocolate range designed for use by chefs in cafes, restaurants and other foodservice ...
Tags: NestléHospitality Chocolate Range, Couverture Range, Food