Campbell sells Arnott’s and some international assets to KRR for US$2.2bn

AUSTRALIA – Campbell Soup Company has signed an agreement to sell its Australian snacks unit Arnott’s and some of its international operations to investment firm KKR for US$2.2 billion. Under the terms of the agreement, […]

Chandaria Group invests in Kenya’s food startup Savannah Brands

KENYA – Chandaria Group’s investment arm, Chandaria Capital, has invested in Kenyan food and beverage start-up, Savannah brands, as the first investor in the company’s seed funding round. Chandaria Capital backing marks and important milestone […]

Kellogg’s considers sale of cookies and fruit snack units to focus on core business

USA – The Kellogg Company has announced that it is looking to reorganize its business in North America and is considering sale of cookies and fruit snacks businesses to refocus and align to core parts […]

Cadbury Nigeria returns to profit with 10.6% rise in revenue

NIGERIA – Cadbury Nigeria, a snack and confectionery arm of Mondelez International has ended the nine months to September 30 with a profit of US$474,100.80 from a loss of US$176,409.60 it reported last year in […]

PepsiCo India launches new Kurkure snack variants to tap local market

ASIA – PepsiCo India’s salty snacks division has launched new variants of Twistkeen under its popular brand Kurkure to build its presence in the local space, an ET Retail report notes. Developed in line with […]

Australian organic children’s snack company Whole Kids to launch in China

AUSTRALIA – Whole Kids, Australia’s largest certified organic snacks manufacturer for children said it plans to launch in China as it seeks to boost on global sales. Founded in 2005 by husband and wife James […]

Mondelez International reports significant progress against the 2020 impact goals

USA – Mondelēz International, an American multinational confectionery, food, and beverage company, has reported important progress against its 2020 impact goals in its 2017 Impact For Growth Progress Report recently released. According to the company, […]

PepsiCo Mexico cuts down on sugar and salt by 24% in snacks

MEXICO – PepsiCo Mexico has cut down on sugar and salt across its snacks portfolio by 24% as part of a long-term reformulation strategy designed to reduce added sugars and sodium across products. According to […]