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 two of its brands, Tropicana Orange Juice and Quaker Cruesli Chocolat Noir, in reusable containers, as part of a market…

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 Partners, the two are looking to help emerging consumer brands reach new customers and grow their business. PearlRock Partners will…

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 to reduce plastic waste by offering shoppers with durable, functional and reusable packaging. The launch has been backed by over…

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 2020 strategy to strengthen its naturals capabilities and its presence in the high growth markets of Asia Pacific. Established in…

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 funding round, set to make Amazon the largest investor in Deliveroo, also saw participation from existing investors T Rowe Price,…

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 leading academic research institutions with a goal to promote foodtech solutions in Israel. The partnership involves a research and development…

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 plant, located in the Binh Duong Province, produces 5,000 metric tons/annum of freeze-dried coffee and is expected to serve consumers…

Simbisa Brands partners Spanish delivery firm in online food delivery deal

KENYA – Fast food restaurant operator, Simbisa Brands, has partnered with Spanish delivery firm, Glovo, in integrating an online food delivery platform in a bid to improve its operations. The partnership is part of the group’s growth plan which will enable convenient access of Simbisa Brands fast food offerings from its locally operated outlets including…

Cargill invests in Israeli startup Aleph Farms to underpin protein focus

ASIA – Cargill is investing in Israeli cultured meat company, Aleph Farms which has raised US$11.65 million in a series A round of funding. According to Cargill, the investment diversifies its protein interests to meet future consumer demand and complements its focus on animal protein. The round was led by VisVires New Protein and also…

Nestlé publishes data to drive transparency in food waste challenge

UK – Global food and drinks giant, Nestle has released data about its food waste to the public in a strategy to enhance transparency as it strives to reduce food loss and waste across the UK. The company has also published targets to reduce food loss in its operations as part of the UK Food…