UK - Edinburgh-based private equity fund, Inverleith, has made a seven figure, multi-million GBP investment in Braham and Murray Good Hemp, a plant based food and drink brand which manufactures products from hemp seed. According to Private Equity, Inverleith invests in consumer brand companies within the health & wellbeing, lifestyle and heritage sectors. It specialises…
UK - Sainsbury's, the second largest chain of supermarkets in UK, is planning to get rid of checkouts as its tests new technology that allows customers to scan and pay for shopping using their smartphone. According to Sun, this is not the first time that Sainsbury's has tested the technology as last year the lunchtime…
USA - US-based Stratus Group Beverage has released a new line of organic kombucha drinks for the US market, made exclusively with organic and non-GMO ingredients and feature a blend of fermented tea and a range of fruit flavours. According to FoodBev, KÖE Organic Kombucha range has five flavours initially available: Lemon ginger, mango, raspberry…
NIGERIA - UK based private equity firm Duet Private Equity (DPEL) has invested over US$50 million in AJEAST Nigeria Ltd, a Sub-Saharan Africa subsidiary of AJE Group, a multinational beverage company. According to the group, a significant share of the investment was allocated as growth capital and will aid in expanding its presence in Nigeria.…
UK - The UK Food and Drink Federation (FDF) has published the second of its new quarterly business confidence surveys revealing that more than three-quarters of manufacturers expect input prices to rise in the remainder of 2018. According to FoodingredientsFirst, more than half of those polled had seen increased ingredient costs (62%), increased packaging costs…
UK - Kepak Group, one of Europe's leading food innovators in processing and marketing meat proteins, has reached an agreement with Boparan Holdings, Limited, to acquire the UK business and assets of 2 Sisters Red Meat, for an undisclosed sum. The company reported that this acquisition will significantly increase Kepak’s value and scale providing a…
KENYA - A study by the Overseas Development Institute (ODI) has revealed that Kenya lost on all of its top three exports to the United Kingdom that is tea, cut roses and beans. According to the report, exports to the UK from the rest of the world have risen by 15% in eight years to…
UK - The British multinational grocery store has launched a low-calorie English alcoholic drink Pimm’s ice lollies, limited to the summer period in the UK. In line with this, Tesco has partnered with market leader POPS who have previously produced licensed products for both Fever-Tree and Fortnum & Mason. Pimm’s POPS contain 32 calories and…
UK - Arla Foods, the multinational dairy company, is to expand its successful Finnish brand, Ihana, into new markets with the premium yogurt range launching in Denmark and the UK. According to the company, Ihana (meaning ‘wonderful’ in Finnish), was launched through an extensive brand launch in 2016 in Finland with an iconic new design.…
UK - Carlsberg A/S, the Denmark based global brewer has collaborated with Brooklyn Brewery to open a new craft beer site at Svyturys Brewery set to begin production in Lithuania. The site, located in Klaipeda port area in Lithuania features a modern craft beer line, beer museum, gastrobar and shop, and conference and degustation halls.…
