French equity fund acquires minority stake in Mozambican miller, Merec

MOZAMBIQUE – Amethis Fund II, Paris-based private equity fund has acquired a minority equity stake in Mozambique’s largest integrated wheat and maize miller, Merec Industries. In partnership with Proparco and Kibo Fund II, a funding […]

United Spirits’ premium alcohol segment help push profits 29% higher

INDIA – United Spirits, a subsidiary of Diageo and India’s largest spirits manufacturer has reported 29% increase in profits to US$11.80 million helped by strong growth in premium alcohol segment in the first quarter, ET […]

AB InBev announces organisational and leadership restructuring with growth focus

BELGIUM – AB InBev has announced that it is restructuring its executive and organisational structure to bring more focus to the leadership level as a way of driving growth in the region. The brewer said […]

Diageo reports strong performance with net sales of US$14.24b in 2018 preliminary results

UK – Diageo, a British multinational alcoholic beverages company, has reported strong performance with net sales US$14.24 billion reflecting consistent and rigorous execution of our strategy. The company reported net sales US$14.24 billion and operating […]

Dairy Farmers of America invests in Mopro Greek yogurt to improve dairy innovation

USA – In an effort to drive demand for dairy and support industry growth, Dairy Farmers of America (DFA), a national cooperative owned by dairy farm families, is helping bring innovative products to the dairy […]

Whole Foods biggest supplier bids US$2.9b to buy grocery distributor Supervalu

USA – United Natural Foods, or UNFI, has announced it would acquire Supervalu for US$2.9 billion to reduce the grocery distributor’s dependence on Whole Foods, which accounts for about a third of UNFI’s business. The […]

Nestle joins forces with six food companies to advance animal welfare standards

WORLD – Nestlé and six other food companies have joined forces through the Global Coalition for Animal Welfare (GCAW) to advance animal welfare standards throughout the global food supply chain. According to the company, the […]

Trump administration provides US$12b to aid US farmers in US-China trade wars

USA – The Trump administration has said it would provide up to US$12 billion in aid for U.S. farmers from early September to shield them from the repercussions of trade disputes between the United States […]