Coca Cola, PepsiCo and Nestle are the largest waste contributors, says Greenpeace

CANADA – Greenpeace, a non-governmental environmental organization, has released an audit which said that Coca Cola, PepsiCo and Nestle are the top three contributors to ocean waste and pollution. According to the organization, together with their partners in the Break Free From Plastic movement, they enlisted the help of 10,000 volunteers across 42 countries to…

Coca-Cola Amatil acquires minority stake in restaurant tech start-up Tabsquare

AUSTRALIA - Cola Amatil has announced it has taken a minority stake in Singapore-based restaurant tech start-up, TabSquare via its corporate venturing platform, Amatil X. According to the company, TabSquare provides artificial intelligence [AI]-powered smart in-restaurant solutions to improve the restaurant experience for diners and improve operational efficiency for restaurant owners. It is the second…

FSSAI to discuss mandatory inclusion of nutritional facts and healthy options in airline meals

INDIA - The Food Safety and Standards Authority of India has called a meeting with airlines, flight caterers and airport operators, seeking to make it mandatory for airlines to serve meal with nutritional information as well as healthier options, ET Retail reports. Airlines may need to include complete information on nutritional aspects like calories, list…

Coca Cola Amatil officially opens the largest Australian manufacturing plant in Queensland

AUSTRALIA – Coca Cola Amatil, one of the largest bottlers of non-alcoholic ready-to-drink beverages, has officially opened its largest Australian manufacturing plant in Queensland, to improve production. According to the company, the US$165 million expansion of the Coca-Cola Amatil bottling and warehouse facility in Richlands, will enable it to produce more than 90 million unit…

Maple Leaf Foods to acquire Canadian VIAU Foods for US$215m

ITALY - Maple Leaf Foods Inc., a Canadian consumer packaged meats company, announced that it has signed a definitive agreement to acquire VIAU Foods, a Canadian market leader in premium Italian cooked, dry-cured and charcuterie meats for a purchase price of US$215 million, including US$30 million in Maple Leaf stock. According to the company, the…

Luigi Lavazza to acquire the coffee business of Mars Inc. to expand its sales in the U.S.

USA - Luigi Lavazza, an Italian manufacturer of coffee products, has agreed to acquire the coffee business of Mars Inc., including the Flavia and Klix systems to expand its sales in the U.S. The company, according to FoodBev, is also broadening its operations in office coffee makers and vending machines with the acquisition, which was…

FDA to examine use of ‘milk, cheese, and yogurt’ terms in labeling plant-based products

USA - The Food and Drug Administration (FDA) of the United States is reviewing the use of dairy food names like ‘milk’, ‘cheese’, ‘yogurt’ in the labeling of plant-based food and beverages. The FDA is stepping up approaches to modernize standards of identity including requirements for the content and sometimes the methods used to produce…

Restaurant chain Inspire Brands to acquire Sonic Corp. in a US$2.3b transaction

USA - Sonic Corp., an American drive-in fast-food restaurant chain and Inspire Brands, Inc., a multi-brand restaurant company, have entered into a definitive merger agreement where Inspire will acquire Sonic in a US$2.3 billion deal. According to the company, the transaction includes a US$43.50 per share in cash in a transaction valued at approximately US$2.3…

Pick n Pay’s half year earnings to increase by 85% on cost savings

SOUTH AFRICA - Pick n Pay, the second largest supermarket chain store in South Africa has said it expects its half-year diluted headline earnings per share to increase by up to 85% largely due to cost savings from staff layoffs made last year. According to Reuters, the retail chain indicated that its diluted headline earnings…

Danone becomes first corporate venture fund to receive B Corporation Certification

USA - Danone Manifesto Ventures, the New York-based venture arm of Danone, has announced that it has become the first corporate venture fund to achieve B Corporation Certification independently. This prestigious designation follows a rigorous certification process by B Lab, a third-party non-profit, and recognizes companies that are committed to conduct business with the highest…