Givaudan partners Israeli incubator The Kitchen to drive food innovation

ISRAEL – World’s leading flavor and fragrances company, Givaudan has partnered with the Israeli-based technology incubator owned by the Strauss Group, to accelerate innovation in the food sector. According to Givaudan, the partnership will enable expand its innovation ecosystem further by connecting with Israel-based food entrepreneurs who are contributing to the creation of healthier and…

Nestle India plans upto 36 new product launches as it expects more exports

INDIA – Nestle India, the maker of Maggi noodles and Kitkat has said that it plans to launch upto 36 products in the 2019 fiscal across all categories in the country as it also looks to expand its capacity to serve more overseas markets, reports ET Retail. According to chairman and managing director Suresh Narayanan,…

Coca-Cola HBC acquires Serbian confectionery brand Bambi for US$293.7m

SWITZERLAND - Coca-Cola Hellenic Bottling Company has announced that it has agreed to acquire Serbia’s leading confectionery business, Bambi for US$293.7 million (€260 million). According to the company, the deal, which is subject to certain closing adjustments will help increase its presence in biscuits and other confectionery products market in the country. Completion of the…

Premier Foods abandons plan to sell Ambrosia custard unit

UK – British food manufacturer has dropped plans to offload its Ambrosia brand which includes rice pudding and custards, which it had planned to sell for a consideration of about US$129 million. The company which makes Mr Kipling cakes has blamed difficult business climate as well as its huge debt which it had planned to…

Kellogg collaborates to test eye-tracking technology in retail stocking

USA - The Kellogg Company has partnered Accenture and Qualcomm to launch a a pilot test that uses eye-tracking technology in a virtual reality headset to determine the best way to stock shelves for retailers. The partnership looks to transform retail merchandising by enabling companies to do market research faster, more affordably, and on a…

Wessanen UK launches dark roasted Whole Earth peanut butter

UK - Wessanen UK, an organic and natural food company has launched a new, intensely roasted peanut butter under the Whole Earth brand, expanding its spreads portfolio. The dark roasted peanut butter simulates the flavour of dark roasted coffee and according to the company, it contains high-oleic peanuts that have been through a special slow-roasting…

South Africa’s Grand Parade exits Dunkin Donuts and Baskin Robins brands

SOUTH AFRICA – Grand Parade Investments (GPI), the Southern African franchise owner of US fast food chains Dunkin’ Donuts and Baskin-Robbins, announced the closure of the two brands operated outlets after the businesses continued to record poor performance. The group said it filed an application for voluntary liquidation of the two US chains after failing…

Nestle posts 2.1% increase in sales after a good year in China and N. America

SWITZERLAND – Global food and drink giant, Nestle has reported 2.1% increase in sales to US$90.89 billion in the year 2018 (compared to US$89.11 billion in 2017) with the acceleration helped by China and North America. During the period, the company saw strong internal growth, resulting to organic growth of 3%, thanks to strong performance…

Ingredion unveils new gum-based texturizers to strengthen portfolio

USA – Ingredion has unveiled new single hydrocolloids which include gum acacia, cellulose gum and tara gum to meet customer expectations and consumer need for differentiated texture and mouthfeel in food applications. According to Ingredion, the new gum-based range has greater ingredient functionality, including texture stability, emulsification and protein protection. They add to the company’s…

Tate & Lyle launches stevia sustainability project in partnership with Earthwatch

UK – Food and beverage ingredients supplier, Tate & Lyle has partnered Earthwatch, an international environment body to launch a new research project to assess the sustainability of the stevia sweetener supply chain. The strategic review will be carried out by Earthwatch, Tate & Lyle and its stevia partner Sweet Green Fields will join expertise…