Walmart chief executive for US Greg Foran to step down early 2020

USA – Walmart Inc has announced that its chief executive in charge US operations, Greg Foran will be leaving the company at the end of January 2020. The American retailer has appointed the head of […]

USDA reduces United States’ corn and soybean production forecasts to five-year low

USA – The U.S. Department of Agriculture in a recent report placed the projected production of corn in the Unites States at 13.779 billion bushels, down by 19.816 million bushels from the September forecast. In […]

Hain Celestial sells two US brands to Hometown Food for US$15m

USA – The organic and natural products company, Hain Celestial has closed the sale of its Arrowhead Mills and SunSpire brands to Hometown Food Company in a US$15 million deal. The transaction includes the Arrowhead […]

PepsiCo appoints Lowden as the company’s first chief sustainability officer

USA – PepsiCo has named Simon Lowden as its first Chief Sustainability Officer as company advances its agenda to help build a more sustainable food system. In this new role, effective immediately, Lowden will be […]

Constellation Brands posts Q2 loss linked to Canopy Growth’s investment

USA – American beverage company, Constellation Brands reported a loss of US$525.2 million during its second quarter ending August impacted by a US$484 million loss on an investment in Canopy Growth, a Canadian cannabis company. […]

Specialty food distributor Good Source adds Gold Star Foods to its portfolio

USA – Good Source Solutions, a leading specialty food distributor owned by private equity firm Highview Capital has acquired Gold Star Foods from private equity firm, Castle Harlan, to expand its its portfolio. The acquisition, […]

Hershey partners with Yuengling to launch chocolate-infused beer

USA – American chocolate giant, The Hershey Company has partnered with Pennsylvania based brewer, Yuengling in the launch of Chocolate Porter in the US. The limited edition of the chocolate-infused beer comes at an alcohol […]

Paine Schwartz Partners closes US$1.4bn food and agribusiness focused fund

USA – Paine Schwartz Partners, a private equity firm focused on sustainable food chain investments, has closed its food and agribusiness-focused Fund V at US$1.425 billion, exceeding its original target. The Paine Schwartz Food Chain […]

Infant formula market size to reach US$103.75bn by 2026 as innovation drives growth

WORLD – The global infant formula market is anticipated to surpass US$103 billion by 2026 with increasing awareness about their nutritional benefits and rising innovation from manufacturers in the sector seen to drive growth, a […]

Kraft Heinz partners with UFC to develop new protein-packed snack

USA – Kraft Heinz is teaming up with the UFC Performance Institute to launch a new P3 Portable Protein Pack as part of its existing line of products under the partnership. Developed for “active consumers […]