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

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 […]

Platinum Equity in talks to acquire Europe’s Biscuit International

FRANCE – Platinum Equity, a Los Angeles based investment firm, unveiled that it has entered into exclusive negotiations to acquire Biscuit International, a leading European manufacturer of private label biscuits from Qualium Investissement. Biscuit International […]

Dutch bottler Refresco accelerates buy and build strategy to expand global footprint

NETHERLANDS – Refresco, Netherlands-based beverage bottler has embarked on an aggressive expansion plan seeking to make multiple acquisition in various markets as part of the company’s buy and build strategy aimed at propelling growth and […]

Pernod Ricard announces leadership changes in USA and North America

FRANCE – Pernod Ricard has announced that Paul Duffy, chairman and chief cxecutive officer of Pernod Ricard North America and a member of the group’s executive committee (COMEX) will be stepping down from the position. […]

French grain cooperative Axereal acquires Cargill’s global malt business

FRANCE – Boortmalt, a subsidiary of France’s largest grain cooperative, Axereal, has closed the acquisition of the malt business of global agribusiness company, Cargill. The transaction, whose financial terms were not disclosed, involves acquisition of […]

Danone’s third quarter sales climb to US$7.13bn boosted by Chinese market

FRANCE – Danone posted a 3% increase in like-for like sales to €6.42 billion (US$7.13bn) in its third quarter ending September 2019 boosted by the performance of its baby food products in China. While value […]

Pernod Ricard to consolidate French operations with 280 jobs at stake

FRANCE – Spirits and wine maker, Pernod Ricard is set to make changes in its French operations that will see the group merge two French businesses, Ricard and Pernod, next year. Pernord Ricard said that […]

Germany plans to introduce NutriScore food labeling system

GERMANY – Germany plans to introduce a national voluntary food labeling scheme NutriScore in the coming year, that will be used to display the nutritional value of food. Despite the model attracting mixed reactions from […]

Firmenich to acquire minority stake in French-based flavor company Robertet

SWITZERLAND – Leading flavors and fragrance company, Firmenich has secured a deal to acquire 17% stake in French based flavor firm Robertet. The swiss company reached the agreement with First Eagle Investment Management to acquire […]

French firm Tereos to shut sugar operations in Kenya and South Africa

KENYA – French sugar maker Tereos said Tereos Commodities will close its offices and halt sugar trading in Kenya and South Africa as part of a global review of its strategy. Tereos, which reported a […]