Barry Callebaut reports 6.9% sales growth in first 9 months of FY 2017/18

USA – Barry Callebaut, the world’s leading manufacturer of high-quality chocolate and cocoa products, has reported grew its sales volume by 6.9% to 1.5 million tonnes in the first 9 months of fiscal year 2017/18. According to the company, it achieved very good volume growth across all regions and product groups in a global chocolate…

2 Sisters Food Group announces major investment in Scottish plant

UK - 2 Sisters Food Group, a privately owned food manufacturing company, has announced a major investment into its Scottish Coupar Angus plant following funding from the Government-backed Food Processing Marketing and Co-operation Grant Scheme. According to the company, the investment secures long-term future for key 2 Sisters site with quality Scottish chicken for UK…

Hindustan Unilever records 19% increase in profits to beat estimates

INDIA - Mumbai based consumer goods company, Hindustan Unilever Ltd (HUL) has reported 19.17% increase in profit to US$222.9 million in its first quarter ended 30 June 2018, beating estimates. According to ET Retail, HUL’s EBITDA for the quarter stood at US$328.29m, beating US$319.68 million estimated by ET Now poll, also as compared to US$272.14…

UberEats inks product distribution deal with Café Coffee Day (CCD)

INDIA - The American online food ordering and delivery platform, UberEats through UberPortier B.V has entered into an agreement with Café Coffee Day (CCD) for food products distribution in India. According to Coffee Day Enterprises, CCD’s parent company, the partnership will help in expansion across the retail sector, reported ET Retail. "Coffee Day Global Ltd…

Fruit drinks manufacturer Tasty Time warns public against product abuse

NIGERIA - Tasty Time Nigeria Limited (TTNL), a manufacturer of fruit flavored drinks has denied support for misuse of its products, warning the public against use of some of its products for substance abuse, reported Beverage Industry news. Following a recent arrest of some youths alleged to be involved in cultism and substance abuse, the…

NWK sells chicken and feed business to CBH for US$22m to focus on maize

SOUTH AFRICA - North West Co-operative (NWK), the 4AX-listed company has sold its chicken and animal feed business, Opti Agri to Country Bird Holdings (CBH) for US$22.32 million as it shifts its focus on maize business. The return to its core business follows a series of acquisitions said to have wiped out substantial shareholder value.…

Walmart plans to exit Japan with sale of its supermarket chain Seiyu

JAPAN- The US multinational retailer Walmart Inc. is looking to exit the Japanese market with the sale of its supermarket chain Seiyu for between US$2.7 billion and US$4.5 billion, Nikkei business daily reported without citing source of information. The move comes in the middle of persistent deflation, competition and rising ecommerce from online retailers such…

Ben & Jerry under attack over deceptive marketing allegations

USA - US iconic ice cream brand Ben & Jerry’s has come under attack from the Organic Consumers Association (OCA) which has filed suit against the Unilever-owned company over deceptive marketing allegations. According to FoodingredientsFirst, the OCA is suing Ben & Jerry’s Homemade, Inc., for what it calls the "deceptive labeling, marketing and sale of…

FDA says sale of recalled Kellogg’s Honey Smacks cereal still ongoing

USA - The U.S. Food & Drug Administration has announced that the recalled Kellogg Co Honey Smacks cereal was still being sold at retail outlets and warned consumers not to purchase the product, according to Reuters. Kellogg company had voluntarily recalled an estimated 1.3-million cases of its Honey Smacks cereal in the US over potential…

FIJI Water discontinues distribution partnership with Keurig Dr Pepper

USA - FIJI Water, America's No. 1 premium imported bottled water, has announced that it has discontinued its distribution partnership with Keurig Dr Pepper, and will directly handle more of its own product delivery. According to the company, this new distribution model will ensure a focused, superior experience for retailers and consumers. FIJI Water said it…