DENMARK – The European meat cooperative, Danish Crown has appointed Thomas Ahle as the company’s new chief financial officer (CFO), effective February 2020. Thomas will take over from the Preben Sunke, who will concentrate on […]
JAPAN – Seven & I Holdings Company, the largest convenience stores operator in Japan has unveiled a major restructuring strategy at its group subsidiaries that will result to loss of 3000 jobs. As it continues […]
ZIMBABWE – Zimbabwe’s Quick service restaurant (QSR) group, Simbisa Brands Limited’s profit for the year ended June 30, 2019 jumped by 134% to US$32 million despite a decline in total customer count. Zimbabwe, which is […]
SOUTH AFRICA – Agribusiness and food-focused investment group Zeder expecting subdued value growth in the rest of its financial year, is set to return capital to shareholders and invest in new opportunities if the sale […]
USA – The United States and Japan have officially signed a trade deal on food and agricultural exports as the two countries continue to deepen and modernize their trade relationship. The deal, which was announced […]
KENYA – Kenyan small-scale tea farmers across the country are set to earn a lower bonus compared to last year by 18.6% as the sector grapples with oversupply in the global market. “There was a […]
SOUTH AFRICA – South African based sugar producer, Tongaat Hulett, has again postponed the release of its audited financial statement for the latest full year ended March 31 from the previously anticipated release date of […]
UK – The 2 Sisters Food Group has unveiled plans of closing its Pennine Foods ready meal factory in Sheffield, UK in a strategic move to cut down investments in loss making units. The food […]
INDIA – Food and Beverage retailer, Lite Bite Foods plans to raise US$70.41 million (Rs500 crore) from investors as the company seeks to expand its presence in India and other international markets. Lite Bites, which […]
ANGOLA – The World Bank in collaboration with the French Development Agency, AFD (Agence Française de Développement) will avail an overall US$230 million in November, for the financing of projects to boost local production and […]
