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,…

Cold Storage Company enters into a US$130m joint venture with UK’s Boulstead Beef

ZIMBABWE – Zimbabwe’s cabinet has approved a joint venture between the Cold Storage Company (CSC) and a United Kingdom firm, Boulstead Beef (Pvt) Limited, which will see the investor inject US$130 million into the meat processing firm. Monica Mutsvangwa, Information, Publicity and Broadcasting Services Minister, revealed that the agreement will also enable the meat processor…

Nestlé publishes data to drive transparency in food waste challenge

UK – Global food and drinks giant, Nestle has released data about its food waste to the public in a strategy to enhance transparency as it strives to reduce food loss and waste across the UK. The company has also published targets to reduce food loss in its operations as part of the UK Food…

Muller launches low-sugar variants of Müllerlight and Müller Corner brands

UK – Muller has announced that it is launching new recipes for its Müllerlight and Müller Corner yoghurt brands, containing 9% less sugar, more protein with thicker and creamier texture. The new variants were developed following the discovery of a new yogurt culture last year, which combines two yogurt strains: Streptococcus thermophilus and Lactobacillus bulgaricus…

Unilever’s Graze introduces Wow Bakes range of oat-based snacks

UK - Graze, the UK-based snack brand owned by Unilever, is launching a new oat-based snack line that contains under 100 calories per serving. Called Wow Bakes, the range will be available in four flavours: chocolate sea salt, honeycomb crumble, sticky toffee and lemon drizzle. Graze said the wholegrain products have been created in response…

BrewDog expands low-alcohol craft beer portfolio with new Punk AF

UK – Leading Scottish brewery, BrewDog has launched Punk AF, a low-alcohol craft beer range that looks to offer consumers a flavorful category with less alcohol. Punk AF has 0.5% ABV featuring a combination of juicy tropical fruit and grassy and pine notes, sitting on a solid malt bassline. It is available in the UK…

Coca-Cola launches first range of Signature Mixers for dark spirits

UK – Coca-Cola has unveiled its first ever range of Signature Mixers specifically meant to be enjoyed with dark spirits such as whisky, bourbon and rum. The company has developed four new crafted Coca-Cola Signature Mixers, specifically designed to be paired with premium dark spirits. The new range has been developed in partnership with several…

UK-based dog food delivery startup Butternut Box raises US$19.4m

UK - Butternut Box, UK’s delivery startup for dog food has raised US$19.4 million (€17.4 million) in a new round of funding led by European venture capital firms Five Seasons Ventures and White Star Capital. Also participating in the investment round include existing backers Passion Capital and Literacy Capital. The company is looking to use…

2 Sisters expands Fox’s cookie range with new hazelnut and raspberry flavor

UK – 2 Sisters has added a new cookie variant under the Fox’s Biscuit range, as it looks to engage UK consumers with ‘indulgent’ cookie flavors. The company said the extremely chocolatey dark chocolate, raspberry and hazelnut cookie is a blend of indulgence flavor combinations and textures. It joins four other cookies in the Chunkie…

JBT Corporation acquires sealing technology firm Proseal for US$284.5m

UK - JBT Corporation, an American food processing machinery company has agreed to acquire UK’s leading provider of tray sealing technology, Proseal UK Limited for US$284.5 million (£220 million). Headquartered in Adlington, UK, Proseal manufactures manual, semi-automatic, and fully-automatic tray sealing machines for the food and pharmaceutical industries. It has additional production facilities in Richmond,…