PepsiCo joins circular shopping platform Loop in reusable packaging pilot

USA – Food and beverages giant, PepsiCo has joined the grocery platform Loop launched by global recycling organisation, Terracycle to promote reusable packaging and reduce plastic waste. PepsiCo said it will be offering Paris consumers two of its brands, Tropicana Orange Juice and Quaker Cruesli Chocolat Noir, in reusable containers, as part of a market…

Kroger joins forces with private equity to invest in innovative brands

USA – The American retailing company, Kroger has announced a strategic partnership with Lindsay Goldberg, a private equity firm to invest and foster growth in innovative consumer brands. Through a newly formed platform called PearlRock Partners, the two are looking to help emerging consumer brands reach new customers and grow their business. PearlRock Partners will…

Mars Petcare, Carrefour join Loop initiative to reduce single-use packaging

FRANCE – Mars Petcare has joined the Loop initiative, a new initiative launched by TerraCycle in collaboration with Carrefour to reduce single-use packaging. Loop™ Initiative is said to be the first e-commerce platform that aims to reduce plastic waste by offering shoppers with durable, functional and reusable packaging. The launch has been backed by over…

Givaudan to acquire Vietnamese flavor company Golden Frog

VIETNAM – Swiss flavors and fragrances company, Givaudan has announced that it has agreed to acquire Golden Frog, a Vietnamese company owned flavor house for an undisclosed sum. The acquisition is part of the company’s 2020 strategy to strengthen its naturals capabilities and its presence in the high growth markets of Asia Pacific. Established in…

Amazon leads US$575m financing round in British delivery firm Deliveroo

UK - British online food delivery firm, Deliveroo has announced that it has raised a total of US$575 million in a Series G funding round led by American online retailer and technology company, Amazon. The funding round, set to make Amazon the largest investor in Deliveroo, also saw participation from existing investors T Rowe Price,…

Mars partners with Israeli venture fund to foster food innovation

ISRAEL – Mars Incorporated has partnered with Jerusalem Venture Partners (JVP), an Israel based venture capital fund to enhance innovation focused on food, wellness, agriculture and nutrition. The collaboration will see the partners work with leading academic research institutions with a goal to promote foodtech solutions in Israel. The partnership involves a research and development…

GEA builds instant coffee plant in Vietnam for Tata Coffee

ASIA – The German based food processing technology company has completed the construction of a new freeze-dried instant coffee plant in Vietnam for Tata Coffee Vietnam Company, a subsidiary of Tata Coffee Limited, India. The plant, located in the Binh Duong Province, produces 5,000 metric tons/annum of freeze-dried coffee and is expected to serve consumers…

Coca-Cola halts plans to refranchise African bottling unit, retains majority stake

SOUTH AFRICA – Multinational beverage giant, The Coca-Cola Company, has unveiled that it would retain its majority stake in South African-based Coca-Cola Beverages Africa (CCBA) as talks to find a bottling partner(s) could not be concluded. Coca-Cola previously announced its intention to refranchise CCBA, the largest bottler of Coca-Cola beverages in Africa serving 12 countries…

Tropikal Brands partners Africa Improved Foods, launches new product

KENYA – Tropikal Brands Afrika, a Kenyan consumer goods manufacturer, has partnered with a Rwandan-based food processing company Africa Improved Foods to ensure sustained quality of grains sourced from across Eastern Africa. Speaking during the launch of the newly developed porridge flour under the brand name ‘Nutripro’, Davies Mukuria, Tropikal Brands Afrika Managing Director, unveiled…

Pioneer Foods reports 11.5% growth in half-year revenues to US$768.43m

SOUTH AFRICA – Pioneer Foods, South Africa’s largest food producer, has reported a 11.5% growth in revenues to US$768.43 million (R11.039bn) during its half year results for the period ended 31st March 2019. The company said the growth was majorly driven by growth in bread, wheat, rice, beverages, cereals and sausage rolls in Nigeria, reports…