Arla Foods unveils new high-protein and healthy concept in biscuit making

UK – Arla Foods Ingredients has released a new Whey-Pro Biscuit concept that will enable biscuit manufacturers tap into the high-protein and healthy indulgence trends while overcoming technical challenges. The new concept which features the company’s whey protein ingredient, Nutrilac involves a biscuit recipe with a premium look, taste and feel. It was designed to…

UK based Vieve launches ‘world’s first’ watermelon-flavoured protein drink

UK – Vieve, a UK based producer of naturally flavoured protein waters has expanded its portfolio with the launch of what it claims the world’s first watermelon-flavoured protein drink. The company said the watermelon flavoured water contains NO fat, NO sugar, NO artificial colours or flavours, low calorie and the ideal amount of protein in…

Premier Foods CEO Gavin Darby to step down, considers Ambrosia brand sale

UK – The British grocery and food manufacturer has said that its Chief Executive Officer, Gavin Darby will step down from the company in January, soon after announcing that it is considering sale of its Ambrosia brand. Darby will be leaving after six years as CEO at the company that has been heavily indebted in…

Diageo sells portfolio of nine brands to Sazerac for US$550m

USA – The British multinational alcoholic beverages company has agreed the sale of nineteen brands to a privately held American alcoholic beverage company, Sazerac for a consideration of US$550 million. Diageo has also entered into long-term supply contracts with Sazerac on completion for five of the brands each for a period of ten years. Supply…

Tate & Lyle half-year sales decrease 1% as costs squeeze margins

UK – The British agribusiness firm, Tate & Lyle has reported 1% decrease in sales to US$1.81 billion in the half-year period, as results continue to be impacted by rising costs of doing business. The company however said it performed according to expectations, having delivered growth in adjusted profit before tax and strong cash flow…

PepsiCo to acquire UK chips company Pipers Crisps

UK – Beverage and snacks major PepsiCo has announced that it will acquire the UK maker of natural potato chips, Pipers Crisps for an undisclosed amount. The deal which awaits regulatory approval by the Competition and Markets Authority will allow PepsiCo to develop and export the Lincolnshire based crisp brand. Pipers was founded in 2004…

Arla Foods to cut 140 jobs as part of 400m euro cost-saving plan

DENMARK – Arla Foods, the largest producer of dairy products in Scandinavia plans to cut 140 roles as part of its cost saving initiative it launched in April this year. According to FoodBev, the new redundancies will take place across the company’s Marketing, Supply Chain Finance, International and HR units, predominantly at the company’s head office…

2 Sisters sells Manton Wood sandwich business to Samworth Brothers

UK - 2 Sisters Food Group has agreed to sell its Manton Wood sandwich business to Samworth Brothers for an undisclosed sum to enable it focus on key operations. Samworth Brothers is a Leicester based food manufacturer, the owner of Cornish pasty maker Ginsters and the largest maker of certified Melton Mowbray pork pies. According…

United Kingdom hikes wine duty but freezes duty on beer, spirits and cider

UK – United Kingdom Chancellor Phillip Hammond has announced that duty tax on wine will increase while that on beer, spirits and cider would remain the same in line with the rate of inflation, effective 1 February 2019. Duties on beer and spirits will remain at the same level as last year in a bid…

UK Burger chain write-down pushes Famous Brands into US$37.1m loss

SOUTH AFRICA - Africa's leading quick-service and casual dining restaurant franchisor, Famous Brands has reported an interim loss of US$37.15 million after announcing earlier that it expected to register a US$61 million impairment from the United Kingdom operations, Gourmet Burger Kitchen. For the six months to ended August, the restaurant franchiser grew its overall interim…