Category: WORLD NEWS

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Thai Union makes strategic investment in Icelandic seafood company Aegir

Food Business Africa

THAILAND – Bangkok-based seafood company, Thai Union Group has made a strategic investment in Aegir Seafood Company, one of the leading producers of cod liver in Iceland. The company said that the investment in Aegir […]

United Breweries forays into craft beer segment with Kingfisher Ultra Witbier

Food Business Africa

INDIA – Bangalore-based United Breweries Limited has ventured into the alternate beer category with the launch of the Kingfisher Ultra Witbier – the first non-lager beer from the house of Kingfisher. Brewed with the authentic […]

Agribusiness trade modernization initiative advances with new project name, Covantis

Food Business Africa

USA – The founding members of the industry-wide initiative to modernize global trade operations; ADM, Bunge, Cargill, COFCO International, Louis Dreyfus Company and Glencore Agriculture have announced its new project name, Covantis. The initiative has […]

AB InBev to use electric Volvo Trucks to deliver beers with zero emissions

Food Business Africa

EUROPE – AB InBev, the world’s leading brewer and Volvo Trucks, have announced the order of a brand new in series produced Volvo Electric Truck, which will deliver its beers across Europe from April 2020 […]

Coca-Cola realigns its bottling operations in North India to improve efficiencies

Food Business Africa

INDIA – The Coca-Cola Company has announced an internal realignment of its bottling operations in North India, as the beverage giant moves to build a stronger and more sustainable local business. Under the new operation model, […]

British online grocer Ocado launches US$642m bond issue to fund robotic warehouse deals

Food Business Africa

UK – Ocado, a dedicated online grocery retailer has launched a £500 million (US$642 million) convertible bond offering, partly to fund the construction of robotic warehouses for its overseas partners. While Ocado’s retail business has […]

Diageo’s United Spirits plans merger with its Indian subsidiary Pioneer Distilleries

Food Business Africa

INDIA – United Spirits Limited, the Indian unit of the global liquor company Diageo, has proposed a merger with its majority owned and listed subsidiary Poineer Distillers Limited, reports India Times. According to United Spirits, […]

Circulate Capital launches US$106m fund to address Asia’s ocean plastic crisis

Food Business Africa

ASIA – Singapore-based venture capital firm Circulate Capital, with founding investors and partners PepsiCo, Procter & Gamble, Dow, Danone, Unilever, The Coca-Cola Company has launched the US$106 million Circulate Capital Ocean Fund. The fund, touted […]

JBS to purchase J&B Group’s meat processing plant in Minnesota

Food Business Africa

USA – Meat and meat products processor, JBS USA has secured a lease agreement with a J&B Group to acquire its value-added beef processing facility in Pipestone, Minnesota in the US. The JBS SA subsidiary […]

Moët Hennessy acquires majority stake in Château d’Esclans Côtes-de-Provence

Food Business Africa

FRANCE – Moët Hennessy, the wine and spirits division of French conglomerate LVMH, has acquired a 55% majority stake in Château d’Esclans, the leading Provence Rosé in the American market. Moët will acquire 50% ownership […]