PepsiCo joins circular shopping platform Loop in reusable packaging pilot

USA – Food and beverages giant, PepsiCo has joined the grocery platform Loop launched by global recycling organisation, Terracycle to promote reusable packaging and reduce plastic waste. PepsiCo said it will be offering Paris consumers […]

Kroger joins forces with private equity to invest in innovative brands

USA – The American retailing company, Kroger has announced a strategic partnership with Lindsay Goldberg, a private equity firm to invest and foster growth in innovative consumer brands. Through a newly formed platform called PearlRock […]

Mars Petcare, Carrefour join Loop initiative to reduce single-use packaging

FRANCE – Mars Petcare has joined the Loop initiative, a new initiative launched by TerraCycle in collaboration with Carrefour to reduce single-use packaging. Loop™ Initiative is said to be the first e-commerce platform that aims […]

Givaudan to acquire Vietnamese flavor company Golden Frog

VIETNAM – Swiss flavors and fragrances company, Givaudan has announced that it has agreed to acquire Golden Frog, a Vietnamese company owned flavor house for an undisclosed sum. The acquisition is part of the company’s […]

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 […]

Mars partners with Israeli venture fund to foster food innovation

ISRAEL – Mars Incorporated has partnered with Jerusalem Venture Partners (JVP), an Israel based venture capital fund to enhance innovation focused on food, wellness, agriculture and nutrition. The collaboration will see the partners work with […]

GEA builds instant coffee plant in Vietnam for Tata Coffee

ASIA – The German based food processing technology company has completed the construction of a new freeze-dried instant coffee plant in Vietnam for Tata Coffee Vietnam Company, a subsidiary of Tata Coffee Limited, India. The […]

Coca-Cola halts plans to refranchise African bottling unit, retains majority stake

SOUTH AFRICA – Multinational beverage giant, The Coca-Cola Company, has unveiled that it would retain its majority stake in South African-based Coca-Cola Beverages Africa (CCBA) as talks to find a bottling partner(s) could not be […]

Africa Improved Foods partners Kenya’s Tropikal Brands to launch nutritious foods

KENYA – Rwanda-based food processing company Africa Improved Foods has partnered Kenya’s consumer goods firm, Tropikal Brands to launch nutritious products in the region. The partnership also seeks to ensure sustained quality of grains sourced from across […]

Pioneer Foods reports 11.5% growth in half-year revenues to US$768.43m

SOUTH AFRICA – Pioneer Foods, South Africa’s largest food producer, has reported a 11.5% growth in revenues to US$768.43 million (R11.039bn) during its half year results for the period ended 31st March 2019. The company […]