Olam International successfully completes US$1.5bn debt refinancing

SINGAPORE – Global food and agri-business Olam International Limited and its wholly owned subsidiary, Olam Treasury Pte. Ltd, have secured a multi-tranche revolving credit facility aggregating US$1.525 billion. The Facility consists of three tranches; a […]

Owen’s Craft Mixers raises US$3m in funding round to accelerate expansion

USA – Owen’s Craft Mixers, a New York-based tonic water and mixer producer has raised US$3 million in a Series A funding round to support its expansion. The funding round was led by Chicago-based Levy […]

Trade costs of non-tariff measures doubles in the Asia-Pacific region

ASIA – Trade costs of non-tariff measures have now more than double that of tariffs in the Asia Pacific region, according to a new report by the United Nations Economic and Social Commission for Asia […]

Danish Crown appoints Thomas Ahle as new chief financial officer

DENMARK – The European meat cooperative, Danish Crown has appointed Thomas Ahle as the company’s new chief financial officer (CFO), effective February 2020. Thomas will take over from the Preben Sunke, who will concentrate on […]

Japanese retailer Seven & I unveils major restructuring plan with 3000 jobs at stake

JAPAN – Seven & I Holdings Company, the largest convenience stores operator in Japan has unveiled a major restructuring strategy at its group subsidiaries that will result to loss of 3000 jobs. As it continues […]

Simbisa Brands full year profits increases 134% amid economic hardships

ZIMBABWE – Zimbabwe’s Quick service restaurant (QSR) group, Simbisa Brands Limited’s profit for the year ended June 30, 2019 jumped by 134% to US$32 million despite a decline in total customer count. Zimbabwe, which is […]

Zeder shareholders to rip big upon completion of Pioneer Foods buyout

SOUTH AFRICA – Agribusiness and food-focused investment group Zeder expecting subdued value growth in the rest of its financial year, is set to return capital to shareholders and invest in new opportunities if the sale […]

United States sign trade deal with Japan on food and agricultural exports

USA – The United States and Japan have officially signed a trade deal on food and agricultural exports as the two countries continue to deepen and modernize their trade relationship. The deal, which was announced […]