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NETHERLANDS – Dutch dairy multinational, FrieslandCampina has reached an agreement to sell its cream liqueur manufacturer Creamy Creation to Dutch investment company Wagram Equity Partners (Wagram). The transaction whose details were not disclosed includes the production of cream liqueurs in Rijkevoort and sales office in Paramus (the United States of America). The company said…
FRANCE – Global dairy giant, Danone has reported 0.8% increase in first-quarter sales to US$6.89 billion (€6.13 billion), confirming 2019 full-year profit guidance. The company expects like-for-like sales growth of around 3% and recurring operating margin of more than 15% in the year 2019. Consolidated sales during the quarter were boosted by a 3% rise…
USA - The Food Safety and Inspection Service of the U.S. Department of Agriculture has proposed to remove dual labeling requirements for certain amounts of meat and poultry products. This involves duplicative net weight and net content requirements for packages that contain certain amounts of meat or poultry products. The proposed regulation would apply to…
UK – Dairy company, Muller has announced that it is set to invest in its milk delivery service, Milk & More by expanding its fleet of electric vehicles for more deliveries in the UK. The company said it is rolling out 160 new environmentally friendly electric delivery vehicles, taking its fleet to just over 500…
SWITZERLAND – The Swiss cocoa and chocolate company, Barry Callebaut has said that it has established traceability for a third of its global cocoa volume, bringing it closer to achieving its ambitious cocoa sustainability goals. By 2025, the company aims to source 100% of the group’s ingredients sustainably by 2025. This commitment is supported by…
ITALY – The global spirits company, Pernod Ricard has agreed to acquire the Italian super-premium gin brand Malfy from Biggar & Leith for an undisclosed sum. Malfy makes a range of super-premium gins distilled by the Vergnano family in the Italian region of Moncalieri, and already present in several international markets such as the United…
WORLD - Global wine production reached record high level at 292.3MHL (millions of hectolitres) in 2018 as Italy remains the world’s largest producer, according to recent report by the International Organisation of Vine and Wine (OIV). The year’s production was exceptionally high compared to last year when production registered 8.2% decline to 246.7 MHL, with…
UK – Canadian dairy company, Saputo has announced that it has completed the acquisition of Dairy Crest, a United Kingdom-based milk products company in a transaction valuing the company at US$1.2 billion (£975 million). Dairy Crest adds Saputo a portfolio of cheese, butters, spreads and oils under leading British brands, such as Cathedral City, Clover,…
AUSTRALIA – Coca-Cola Amatil has announced that it targets to make 70% of its plastic bottles entirely from recycled plastic by the end of 2019 as it looks to improve its environmental carbon footprint. The move is part of the global Coca-Cola company’s initiative to create a World Without Waste by increasing the recycled content…
USA - Jack Daniel's, leading American whiskey brand has introduced a new golden whiskey called Jack Daniel’s No. 27 Gold Tennessee Whiskey in the United states. This comes after a successful launch of the range as a travel retail exclusive item and select markets in Asia. Jack Daniel’s No. 27 Gold Tennessee Whiskey has a…