FrieslandCampina and DMK Group sign mozzarella cheese production deal

GERMANY – Dutch dairy cooperative, FrieslandCampina has signed an agreement with DMK Group (DMK) for the production of mozzarella cheese, with the deal effective in 2019. DMK Group, one of the leading dairy companies in Germany will bring inits expertise and production facilities for the production of mozzarella forFrieslandCampina. The company will also modernize and…

South Africa’s Grand Parade pay policy rejected by investors

SOUTH AFRICA - South Africa’s Grand Parade Investment (GPI), which represents Burger King saw its pay policy rejected after 60.6% votes cast by investors went against the remuneration policy,reports Business Day. “I think shareholders know that fundamentally Grand Parade has not performed for at least three years, so why should the revolving door of management…

Ingredion invests US$140m to accelerate growth in plant-based proteins

USA - Ingredion, a major player providing ingredient solutions, is set to invest US$140 million to accelerate production of plant-based proteins and meet its consumer demand globally. The investment is also expected to see the company expand to offer a wider array of plant based protein solutions. Following the investment, two of the company’s facilities…

Danone launches Two Good Greek Yogurt expanding its Light & Fit Brand

USA - The multinational food-products corporation, Danone has launched the Two Good Greek Yogurt which adds to its light & Fit brand in the US market. The dairy product contains 80 calories, 12 grams protein and 2 grams total sugar per 5.03 oz serving and is available in five flavours: vanilla, mixed berry, peach, strawberry…

Mars Wrigley invests US$79.36 million in Alsace M&M’s factory in France

FRANCE - The American confectionery producer, Mars Wrigley has invested US$79.36 million to upgrade its Haguenau M&M’s factory in Alsace, France. Mars Wrigley Confectionery France has made the investment as part of its commitment to remove titanium dioxide from all of its confectionery products produced in Europe by mid-2020. The investment is expected to pay…

Africa’s biggest grocer Shoprite opens first outlet in Kenya

KENYA – Shoprite Holdings, the South African retailer has opened its first store in Nairobi and is set to disrupt the Kenyan retail industry which has attracted a number of foreign investors. The maiden outlet, located at Westgate Shopping Mall sits on a 50,000-square-feet space, previously occupied by struggling Nakumatt Holdings that once was the…

Kenyan local retail chain Tumaini sells majority stake to Sokoni

KENYA - Tumaini Self Service Limited, one of the emerging supermarket chains in Kenya has sold a majority stake to Sokoni Retail Kenya in a recent consolidation drive in the space. The transaction which has been approved by the Competition Authority of Kenya (CAK) provides the retail chain with capital to expand its business. The…

Promasidor Nigeria launches Sun Vita cereal in the market to expand portfolio

NIGERIA – Consumer goods manufacturer, Promasidor Nigeria has introduced a zip-lock packaged ready-to-go cereal Sun Vita, expanding its range cereals in the market. According to the company, the new range is suited for mothers and others working on tight schedules as it is easy to prepare to meet their daily health and nutritional requirements. SunVita…

Shoprite opens first of its own distribution centres in Nigeria

NIGERIA - The Shoprite Group, a leading food and grocery retailer has opened a new world-class distribution centre (DC) in Lagos, Nigeria to improve its retail operations in the country. The 4,700m² facility will be occupied by Freshmark, Shoprite’s fruit and vegetable procurement, buying and distribution arm while an additional 1180 m² will be used…

South Africa’s Famous Brands shuts down 14 Gourmet Burger Kitchen stores

SOUTH AFRICA - Famous Brands, a South African holding company and food service franchiser has closed 14 out of its 17 Gourmet Burger Kitchen (GBK) under-performing stores after the approval of a restructuring plan by creditors,reports Business Day. Indications are that the UK –based stores have been struggling with low consumer spending,rising cost of labour,…