Agri-Food tech firm DiMuto secures funding to broaden footprint in Latin America

SINGAPORE – DiMuto, a Singapore-based agri-food trade tech platform, has received an undisclosed sum of investment from venture capital studio, Latin Leap to broaden its footprint in Latin America. DiMuto said that the investment and […]

Industry Veteran John Agwunobi assumes new role as Herbalife Nutrition CEO

USA – Global nutrition company, Herbalife Nutrition has announced that John Agwunobi has assumed the role as Chief Executive Officer (CEO), succeeding Michael Johnson. The company previously announced the planned succession of Michael Johnson on […]

Coronavirus crisis spreads to producers in the European dairy sector

EUROPE – The spread of the Coronavirus has impacted the European dairy sector significantly leading to major difficulties in procurement and logistics in the processing industry. According to a recent update by the European Milk […]

PepsiCo to hire 6, 000 new employees and provide US$11m to COVID-19 affected communities

USA – Amidst the novel coronavirus (COVID-19) pandemic, PepsiCo has reinforced its strategies to ensure business continuity while contributing to mitigation efforts aimed at curbing the spread an impact of the disease in the US. […]

Europe plant protein market projected to nearly reach US$10bn by 2027

EUROPE – The Europe plant protein market was valued at US$5.808 billion in 2018 and is expected to grow at a CAGR of 5.9% during the forecast period 2019 – 2027, to account to US$9.452 […]

Plant-based egg manufacturer Eat Just expands partnerships globally

USA – Eat Just, a San Fransisco-based foodtech company has announced several globe-spanning partnerships across North America, Latin America, Europe and East Asia to manufacture and distribute its mung bean-based egg, Just Egg. This expanded […]

Yum! Brands completes US$375m acquisition of The Habit Restaurants

USA – Yum! Brands, the parent company of KFC, Pizza Hut and Taco Bell brands, has completed the acquisition of The Habit Restaurants, following the approval by The Habit Burger Grill stockholders. Yum! Brands, the […]

Costco Wholesale Corp acquires Innovel Solutions from Transformco for US$1bn

USA – American multinational retailer, Costco Wholesale Corporation has acquired Innovel Solutions, a middle mile and final mile delivery and installation business owned by Transformco Holdco, for US$1 billion. Innovel was a subsidiary of Transform […]

Taste Holdings to liquidate Domino’s after failure to dispose the pizza business

SOUTH AFRICA – South Africa’s Taste Holdings, shifting its focus from fast foods to luxury goods, is liquidating the subsidiary that holds the licence for Domino’s SA after failing to find a buyer for the […]

There is no evidence that food is a source or transmission route of Coronavirus, says EFSA

EUROPE – Based on experience from previous outbreaks of related coronaviruses, the European Food Safety Authority (EFSA) says that there is currently no evidence that food is a likely source or route of transmission of […]