Dunkin’ Donuts invests US$100 million for refurbishments

USA - Dunkin Brands Group, an American global doughnut company, has announced that it will invest approximately US$100 million in a refurbishment of its Dunkin’ Donuts chain, the Wall Street Journal (WSJ) reported. The development will see 50 test stores across the United States better equipped to serve customers ordering on mobile devices, including dedicated…

Australian dairy company Bega Cheese to acquire Capilano Honey firm

AUSTRALIA - Bega Cheese, an Australian dairy company, has confirmed it bought a parcel of shares in Capilano Honey, which is already subject to a bid from elsewhere. According to News.com, Bega said it has paid US$5.38 million for 255,291 Capilano shares at an average of US$21.08 per security, taking its stake in the company…

Ready-to-eat US popcorn sales grows by 118% between 2012 and 2017

USA – The sales of ready-to-eat (RTE) popcorn in the US have grown by 118% between 2012 and 2017 as consumers embrace flavour innovation, according to research from Mintel. In total, the US RTE popcorn market is worth US$1.1 billion, while the total retail sales of popcorn increased 32% in the last five years to reach…

Pernod Ricard announces sales rise of 6% to US$10,434m in full year results

FRANCE - Pernod Ricard, a French company that produces distilled beverages, has announced a sales rise of 6% in its 2018 full year results, from 3.6% in 2017 to US$10,434 million. According to the company, the sales were very strong, with broad-based growth coming from a wide spectrum of markets. The company reported that America…

Finsbury Food Group acquires gluten free bakery manufacturer Ultrapharm

UK - Finsbury Food Group Plc, a leading speciality bakery manufacturer, has acquired 100% of the share capital of the gluten free bakery manufacturer Ultrapharm Limited. According to the company, the acquisition of Ultrapharm supports the Group's ongoing strategy to further diversify its product capability into high growth areas. The opportunity to invest in the…

France confectionery Carambar & Co enters merger talks to acquire Lutti

FRANCE – Carambar & Co, a France-based confectionery, has entered exclusive merger talks with German group Katjes International over a possible merger with its Lutti confectionery brand. According to the company, after trying in vain to buy in Mondelez in 2016 the famous Carambar, La Pie Qui Chante and other Krema, Lutti falls into the purse…

Kroger grows delivery footprint by 50% after partnership with Instacart

USA – Kroger, an American retailing company, has expanded its same-day grocery delivery services through its partnership with Instacart, announcing a 50% delivery footprint after the partnership deal. According to FoodDive, the company announced it will add the service to 75 additional markets, including Atlanta, Nashville and Memphis, by late October. This expansion will grow…

Australian Dairy Farms acquires New Zealand’s dairy company The Collective

AUSTRALIA - Australian Dairy Farms, the dairy advocacy group for dairy farmers in Australia, has acquired New Zealand’s dairy company The Collective, UK's first and the world's largest co-living provider. According Proactive Investors News, the acquisition positions the company to become the nation’s biggest organic milk producer once its other farms go organic. Australian Dairy…

Agric import substitution scheme receives US46m beef facility from Homelink Group

ZIMBABWE- Zimbabwe’s special maize import substitution scheme, Command Agriculture has received more private sector financiers including  Homelink Group, a subsidiary of the Reserve Bank of Zimbabwe (RBZ) who have provided US$6 million facility focusing on beef production. Other investors include National Foods Limited, Northern Farming, Staywell (Trading) and chicken producer Irvine’s Zimbabwe which is supporting…

FAO partners Zimbabwe on US$200,000 irrigation project to boost food security

ZIMBABWE- Food and Agriculture Organization of the United Nations in partnership with the government of Zimbabwe have announced a US$200,000 project to rehabilitate two major irrigation schemes in Zaka in a bid to enhance food security in the dry district, reports the Herald. The funding will be used in the revival of Nyatare and Mabvute…