South African retailer Shoprite opens new branch in coastal Kenya

KENYA – Shoprite Holdings, Africa’s largest supermarket retailer headquartered in South Africa, has opened its third branch in Nyali, Coastal Kenya as it continues to consolidate its presence in the East African country. Located in […]

Dean Foods appoints Eric Beringause new President and CEO

USA – Dean Foods, America’s leading food and beverage manufacturer has appointed Eric Beringause as the company’s new President and Chief Executive Officer effective July 29, 2019. Eric who will also join the Dean Foods […]

Wessanen UK expands Kallø range with honey rice and corn cakes

UK – Wessanen UK has expanded its Kallø portfolio of rice cakes with a new honey rice and corn variant. Containing three ingredients – rice, corn and honey – the organic product will be available […]

PepsiCo to acquire 26% stake in China’s Natural Foods for US$131m

CHINA – PepsiCo has announced that it will acquire 26% stake in China’s second-largest natural health food company, Natural Food International for US$131 million. The US-based beverages and snacks giant will acquire issued ordinary shares […]

Natural, clean label and healthier options driving flavor developments

NETHERLANDS – New flavor development and innovations are largely driven by growing interest in natural, clean label and healthier options, according to July 2019 Innova Market Insights report. Global flavor developments in food and beverage […]

Nescafe Azera rebrands with launch of roasted ground coffee bags

UK – Nestle-owned coffee brand Nescafe Azera has unveiled a new fresh visual identity and has introduced roasted ground coffee bags to offer convenience when making fresh coffee. The improved packaging aims to revive the […]

Yili launches new ice cream products for Southeast Asia

ASIA – Asia’s leading dairy products producer, Yili Group is set to unveil eleven new ice cream products in Southeast Asia as it strives to expand its presence in the market. The new products include […]

Unilever half year sales grow 3.3% driven by emerging markets

UK – Unilever has announced its half year 2019 results showing underlying sales growth of 3.3%, led by emerging market business which grew 6.2%. Revenues during the period decreased 0.9% attributed to divestment of its […]

Nestle reports 3.5% rise in sales with strong growth in US and Brazil

SWITZERLAND – Nestle’s half year results show 3.5% increase in sales from CHF 43.9 billion to US$45.5 billion (US$45.7 billion), led by strong growth in the United States and Brazil. Earnings per share decreased by […]

Danone records sales growth in all units during second quarter

FRANCE – Danone posted a 2.5% increase in like-for-like sales in the second quarter as it was boosted by the performance of its baby food products in China. The company which owns brands such as […]