Zomato acquires Uber’s food delivery business in India to accelerate growth

INDIA – Zomato, the food delivery company backed by Alibaba’s Ant Financial, has acquired Uber Eats India in an all-stock transaction which will give Uber a 9.99% stake in Zomato. The companies did not disclose […]

Mars unveils new M&M’s spread-filled hazelnut candies in the US

USA – Global confectionery manufacturer, Mars has introduced new hazelnut spread-filled chocolate candies under its M&M’s chocolate brand in the US. The new M&M’S Hazelnut Spread Chocolate Candies will be available across US stores starting […]

2 Sisters completes sale of Green Isle Brands and frozen foods business

UK – 2 Sisters Food Group has announced that it has completed the sale of its Green Isle Brands and Donegal catch frozen foods business to a consortium of investors for an undisclosed sum. The […]

Unilever may top Nestle in US$3.4b cash bid for GSK nutrition business

INDIA – The British consumer goods giant, Unilever may walk away with the Glaxo SmithKline’s nutrition business with a US$3.4 billion all-cash offer for a 72.5% stake, according to a person with direct knowledge of […]

Coca-Cola Amatil confirms Australian SPC fruit unit sale

AUSTRALIA – Coca-Cola Amatil has confirmed that it will be selling its fruit and vegetable processing unit in Australia, SPC, a business that has been making losses over the years. The company which has also […]

Danone Manifesto Ventures backs UK Ayem to launch Breakfast Protein Pots

UK – Danone Manifesto Venture, the New York-based venture arm of Danone is supporting a UK brand of vegetarian, low-fat almond blend, Ayem to launch a new range of Breakfast Protein to offer healthy proteinaceous […]

Nestle nearing deal to acquire GSK’s consumer healthcare business in India

INDIA – The Swiss transnational food and drink company, Nestle SA is said to have tipped Unilever, another serious bidder in the race for GSK Consumer Healthcare business in India, ET Retail reports citing sources […]

CP Kelco to expand pectin production capacity by 15% to meet global demand

USA – World leading pectin producer, CP Kelco has announced that it plans to expand pectin production capacity at its Lille Skensved, Denmark facility by about 15% as it anticipates growth in global market demand. […]

Orkla to acquire Finland’s chain of pizza restaurants Kotipizza for US$166m

EUROPE – The Norwegian consumer goods conglomerate Orkla has agreed to acquire the Finnish pizza restaurant chain Kotipizza (Kotipizza Group) at a valuation of US$166.24 million. The offer includes purchase all the shares in Kotipizza […]

Pioneer Foods earnings soar 47% as inflation curtails growth

SOUTH AFRICA – The South African packaged goods company, Pioneer Foods has reported that earnings per share increased 47% to 575c from 390c in 2017 even the company struggled to contain inflationary pressure driven by […]