Campbell sells Arnott’s and some international assets to KRR for US$2.2bn

AUSTRALIA – Campbell Soup Company has signed an agreement to sell its Australian snacks unit Arnott’s and some of its international operations to investment firm KKR for US$2.2 billion. Under the terms of the agreement, […]

Campbell sells Arnott’s and some international assets to KRR for US$2.2bn

AUSTRALIA – Campbell Soup Company has signed an agreement to sell its Australian snacks unit Arnott’s and some of its international operations to investment firm KKR for US$2.2 billion. Under the terms of the agreement, […]

ADM reports 41.3% decline in Q2 profit amid amid challenging operating conditions

USA – Archer Daniels Midland Co (ADM), a global grain trader and food processor, reported a 41.3% decline in adjusted profit for the second-quarter ending 30th June 2019 attributed to challenging industry conditions experienced during […]

Cargill commits to sustainability, targets new investments to accelerate growth

USA– Cargill has released its 2019 annual report highlighting its recent efforts to drive the company’s operations towards sustainability. The company set a goal of training 10 million farmers in sustainable agriculture practices by 2030, […]

Molson Coors chief executive to retire, names Gavin Hattersley as successor

CANADA – Molson Coors Brewing Company has announced that its chief executive officer, Mark Hunter, will retire on 27 September 2019 and has named Gavin Hattersley as the successor. Mark Hunter, who oversaw the acquisition […]

Molson Coors chief executive to retire, names Gavin Hattersley as successor

CANADA – Molson Coors Brewing Company has announced that its chief executive officer, Mark Hunter, will retire on 27 September 2019 and has named Gavin Hattersley as the successor. Mark Hunter, who oversaw the acquisition […]

FDA approves soy leghemoglobin as color additive in beef analog products

USA – The US Food and Drug Administration (FDA) has approved soy leghemoglobin as a color additive in uncooked ground beef analog products. This follows meat-alternative company Impossible Foods’ 2018 petition to have the ingredient […]

Rebel Foods raises US$125m in funding to support expansion

INDIA – Rebel Foods, which owns and operates multi-brand cloud kitchen platforms, has raised US$125 million (Rs 864 crore) in its Serieds D funding round led by New York-based technology-focused hedge fund Coatue Management. The […]

Kenyan tea processor Ketepa eyes Nigeria, South Africa markets to boost sales

KENYA – Kenya Tea Packers (Ketepa) is seeking to expand its market across the continent as it as looks to grow sales of ready-to-drink tea varieties, with focus markets including South Africa and Nigeria. The […]

South Africa’s Masscash chief executive Kevin Vyvyan-Day to resign

SOUTH AFRICA – Masscash, the food, liquor and general merchandise wholesale division of Massmart, has announced the resignation of the its chief executive officer, Kevin Vyvyan-Day, with effect from the end of August. Massmart Holding […]