Coca-Cola to invest US$100m in Kenya over next 5 years

KENYA - Coca-Cola Beverages Africa (CCBA), Africa’s biggest non-alcoholic beverages bottler said on Wednesday May 30 that it would invest US$100m in Kenya with an aim to improve infrastructure and launch new products, reported Reuters. Speaking in an interview, the Kenya Managing Director, Daryl Wilson said the soft drinks manufacturer plans to introduce 50 new…

Beyond Meat to launch its plant-based ‘Beyond Burger’ in the UK

UK - The Los-Angeles producer of plant-based meat alternatives Beyond Meat has signed a distribution deal with the Authentic Food Co (TAFC) that will see a debut of its plant-based burger ‘Beyond Burger’ in the UK. This forms part of the company’s extensive global expansion plans for the summer to offer solutions to growing global…

Coca-Cola announces US$1.2b investment in Argentina

USA - The Coca-Cola company has announced a US$1.2bn investment in Argentina over the next three years to 2021, aimed at improving operations and expand production in the country. The new investment adds to the US$1 billion it committed to invest in the country in partnership with its four bottling partners including Coca-Cola Andina, Arca…

Nestle to release new ‘Smarties’ in Germany in preparation for World Cup

GERMANY - Nestle is set to release three new limited-edition of Smarties products in Germany as it looks to take advantage of the World Cup which is to happen in the approaching summer. The Smarties include a new range of signature chocolate chips, coloured red, yellow and black – the colour of the German national…

China tariffs could cost US pork industry US$2.2b annually

USA - The National Pork Producers Council (NPPC) has said that following China’s 25% tariffs blow on US’s pork and related products, the pork industry could suffer losses worth US$2.2 billion annually, reported FoodBev. According to NPPC’s statement, the US pork production is at record levels and that if the tariffs were lifted, pork exports…

Diageo announces leadership changes at the division, appoints new CFO

USA - Diageo, owner of the Johnnie Walker brand of alcoholic beverages has announced the appointment of Lavanya Chandrashekar, former Mondelez executive as the new chief financial officer of its North American division effective 1 July 2018. Chandrashekar, who has held regional CFO roles in both EMEA and North America will report to Diageo North…

KFC UK and Ireland commits to 20% calorie reduction by 2025

UK - KFC UK and Ireland have announced a commitment to remove 20% of calories per serving by 2025 by offering healthier and lighter side options in its menus in the UK and Ireland. KFC is also considering offering alternatives to fries, low or zero-calorie soft drinks and a trial on vegetarian option set to…

Bayer receives US antitrust approval for US$66bn Monsanto bid

USA - Bayer’s US$66 billion takeover bid for the US based agrochemical and biotechnology corporation, Monsanto, has cleared the last major regulation hurdle by receiving US antitrust approval to form one of the largest agri-chemical conglomerates in the world. CNBC reported that the approval by the Justice Department was granted on condition that Bayer agreed…

JAB Holdings acquires majority stake in UK sandwich shop chain for US$1.73bn

UK - The privately-held investment firm, JAB Holdings has acquired the majority stake in Pret A Manger, a UK-based sandwich shop chain for US$1.73 billion with the deal expected to be completed during summer. Pret, previously owned by an international private equity firm, Bridgepoint was founded in 1983, boasts of more than 500 stores worldwide…

Nestle tops the 2018 Global Access Nutrition Index

WORLD - The Access to Nutrition Foundation (ATNF) has published the 2018 Global Access to Nutrition Index; the third Global Index that ranks the world’s 22 largest food and beverage companies on their contributions to addressing the twin global nutrition challenges of overweight and diet related diseases and under-nutrition. According to the Foundation, the Index…