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Danone announces sale of plant-based brand Vega

Danone announces sale of plant-based brand Vega

Vega sells plant-based shakes to customers in North AmericaDanone has recently announced that it has signed an agreement to sell Vega, Canada, and US plant-based nutritional products brand, to funds managed by WM Partners, a

Global
Kerry to sell Meats & Meals business for €819 M

Kerry to sell Meats & Meals business for €819 M

The Meats and Meals business is a best-in-class provider of convenience food solutions, with leading brands and longstanding relationships with major retailersIreland-based Kerry Group plc recently announced that it has reached agreement to sell its

Global
Nearly all Americans indulge in daily chocolate treat: Cargill survey

Nearly all Americans indulge in daily chocolate treat: Cargill survey

The company’s ChocoLogic research reveals consumers’ preferences, motivations, and attitudes toward decadent ingredientsA new survey from Cargill finds most Americans indulge in a chocolate-flavored treat every day. Viewed as a reward, mood lifter, energy booster

Global
Nespresso invests CHF 160 M for expansion of Swiss production centre

Nespresso invests CHF 160 M for expansion of Swiss production centre

The first new production lines are expected to be fully operational by June 2022.Nespresso has begun the expansion of its production centre in Romont, Switzerland. The CHF 160 million investment in this new structure will help meet increasing

Global
Nestle launches vegan version of iconic KitKat

Nestle launches vegan version of iconic KitKat

The new vegan version of the iconic KitKat will be on shelves from mid-JuneAfter much anticipation, Nestlé is finally making plant-based dreams come true with the launch of KitKat V. The new vegan version of the

Global
Kraft Heinz to purchase Assan Foods for $100M

Kraft Heinz to purchase Assan Foods for $100M

The acquisition aligns with Kraft Heinz’s international growth strategy focused on taste elevation and foodserviceThe Kraft Heinz Company (KHC) has recently announced that it has reached an agreement to purchase Assan Foods from privately held

Global
PepsiCo invests $200M in Texas site to create more jobs

PepsiCo invests $200M in Texas site to create more jobs

The investment will add two manufacturing lines for Funyuns and tortilla chipsFrito-Lay, a division of PepsiCo and leading snack manufacturer, along with Fort Bend County, has announced a $200 million investment at its Rosenberg, Texas, site. The investment will

Global
American food firm JBS pays $11M in ransom against cyberattack

American food firm JBS pays $11M in ransom against cyberattack

The FBI stated this is one of the most specialized and sophisticated cybercriminal groups in the worldJBS USA confirmed that it paid the equivalent of $11 million in ransom in response to the criminal hack

Global
RDIF, LLBG announce joint investments in Russian food production industry

RDIF, LLBG announce joint investments in Russian food production industry

The partnership will significantly increase the scale of La Lorraine’s operations and localise the production.The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, and Belgium’s La Lorraine Bakery Group (LLBG), one of the leading

Global
GAIN and WWF partner to improve food systems

GAIN and WWF partner to improve food systems

The two organisations will jointly deliver projects and mobilise resources, while staff exchanges are anticipatedThe World Wide Fund for Nature (WWF), one of the world’s largest conservation organisations, and the Global Alliance for Improved Nutrition (GAIN),