Arla Foods invests US$644.1 million in a 2020 growth ambition

UK - Arla Foods board of directors have approved a US$644.1 million investment driven toward investing in new ventures, expanding and improving production capacity as well as innovative technology. Arla, as a cooperative philosophy, has developed a strategy where all of their earnings go back to the farmer since the company is farmer-owned therefore the…

Asda eliminates single-use plastic bags with a new recycling strategy

UK - Asda, the British retailer has announced its plan towards making 100% of its own-brand plastic packaging recyclable by phasing out ‘5p’ plastic bags from their products by 2025. According to the company, the strategy also involves introduction of reusable coffee cups, a replacement of the daily takeaway coffee cups which form part of…

Tesco appoints Charles Wilson over the UK and Ireland business

UK - Tesco has appointed Charles Wilson to take over the retailer’s operations in the UK and Ireland business following an expected exit of the current boss Matt Davies in April 2018. The appointment comes after the UK’s Competition and Markets Authority approved Tesco’s acquisition of the wholesaler Booker at US$5.2 billion without a demand…

FSA launches investigation of meat cutting premises upon non-compliance

UK - The Food Standards Agency (FSA) in collaboration with Food Standards Scotland (FSS) has announced that it was launching an investigation of meat cutting premises and cold stores. According to the FSA and FSS, they will continue investigations about food safety which would include extended use of ‘use by’ dates, and the food safety…

Unilever reports positive year as profits rise 16.9%

NETHERLANDS - Food and consumer products giant Unilever on Thursday posted soaring 2017 profits of €6.5 billion ($8.05 billion), after a year of "major change" when it spurned a Kraft Heinz takeover bid. The announcement came a day after Unilever announced it was adding to its popular ice-cream ranges, which include Magnum, by scooping up…

Arla announces US$655.8m investment plans towards its 2020 growth ambition

UK – Arla Foods, the farmer-owned dairy cooperative has announced a plan to invest US$655.8 million in 2018 as it continues to deliver on its 2020 growth ambition. The executive management’s decision to significantly increase the investments of the company was approved by Arla Foods’ board of directors, which consisted mainly of elected farmer owners.…

Nestle releases new line of premium chocolate bars in the UK

UK - Nestle UK has released a new line of posh chocolate bars, Les Recettes De L’Atelier chocolate bars, which will cost up to three times the price of the standard Dairy Milk. According to the company, the new Les Recettes De L’Atelier chocolate bars are made using Swiss chocolate, and will be stocked exclusively…

Cargill partners with Faccenda to launch a new poultry venture Avara Foods

UK - Cargill’s fresh chicken unit in the UK has partnered with Faccenda, a supplier of fresh chicken, turkey and duck to launch a new poultry venture, Avara Foods As part of the agreement, each company will hold a 50% stake in the newly created business. Avara Foods business will operate as an independent entity…