French Salmonella baby milk scandal ‘affects 83 countries’

Courtesy: AFP

FRANCE - More than 12 million boxes of powdered baby milk have now been recalled in 83 countries in a salmonella scandal involving French company Lactalis. The dairy firm's CEO, Emmanuel Besnier, confirmed the extent of the contamination risk to French media. The products have been subject to a recall since December, after salmonella bacteria…

Emmi increases stake in Tunisian dairy for an undisclosed price

TUNISIA – Swiss dairy giant Emmi’s subsidiary Kaiku, has plans to increase its stake in Tunisian No.2 dairy Centrale Laitière de Mahdia SA (Vitalait), from 45.4 % to 54.7 %, to tap into the rising demand for dairy products in the Maghreb country. Based in Mahdia in Tunisia, Emmi currently holds 73.4 % of shares in Kaiku. In…

Morgan Stanley values Indian food delivery company Zomato at US$2.5 billion

INDIA - Wall Street giant Morgan Stanley’s research unit has pegged Zomato’s valuation at $2.5 billion in a report released Thursday. This is almost three times its valuation from its last funding round. The coverage on Zomato by the international brokerage firm was done while taking stock of the startup's publicly traded shareholder InfoEdge, which…

Danone closes Indian dairy plant, to focus on nutrition products

INDIA - The 22-billion-euro French foods giant Danone has decided to exit the dairy business in India. The company, which entered India in 2010, is rationalising its product portfolio and has discontinued stock keeping units (SKUs), which have been making a minority contribution to its overall business in India that include the UHT (ultra high…

Coca- Cola relaunches Diet Coke in new packaging, adds variants

NORTH AMERICA - The Coca-Cola company has relaunched Diet Coke, its zero calorie beverage brand in North America, following a two-year innovation process fuelled by consumer research and preference for big, refreshing and great-tasting flavors. According to the company, the re-energized and modern Diet Coke has an updated look and sleek new packaging. The company…

Seven-Up Minority shareholders agree to firm’s sale

NIGERIA - Minority shareholders of Seven-Up Bottling Company Plc on Thursday 11th January 2018 voted to sell their shares to the majority shareholder, Affelka S.A. for ₦21.4bn ($66.5 million). At a Court-Ordered Meeting in Lagos, shareholders approved the scheme of arrangement for the buyout. With the transfer of 26.8% minority shares to Affelka, the firm’s…

South Africa government gives update on Listeriosis outbreak

SOUTH AFRICA – South Africa’s Minister of Health Dr Aaron Motsoaledi has given a statement regarding the outbreak of Listeriosis in the country. According to the Minister, 727 laboratory-confirmed cases had occurred between January 2017 and 5 January 2018, an increase from 527 cases reported as of 29 November 2017. However, authorities were fiding it…

Givaudan appoints Louie D’Amico new President for its Flavours Division

SWITZERLAND – Global flavours and colours specialist Givaudan has appointed Louie D’Amico as President of the Flavour Division and member of the Executive Committee. He succeeds Mauricio Graber who has left Givaudan to become Chief Executive Officer at Chr. Hansen, the Danish provider of dairy and food industry solutions. Louie D’Amico, a holder of BSc…

Sovereign Foods abattoir back in operation after listeriosis scare

SOUTH AFRICA - Sovereign Foods’ poultry abattoir in Hartbeespoort is back in operation following its closure on December 22 by the government to control the spread of listeria. Sovereign issued a media release on Tuesday morning quoting Health Minister Aaron Motsoaledi saying: "At this juncture, we cannot conclude that the abattoir is the source of…