China to overtake US as the world’s largest grocery market by 2023

CHINA – China is set to become the world’s largest grocery market by 2023 in value terms, overtaking the US which has been benefiting from a strengthening economy. According to the latest statistics from international […]

Pernod Ricard acquires majority stake in spirits producer Rabbit Hole

USA – Pernod Ricard has announced that it has agreed to acquire a majority stake in Louisville, Kentucky based spirits company, Rabbit Hole Whiskey for an undisclosed sum. The deal expands Pernod Ricard’s newly created […]

Cannabis company Coda Signature raises US$24.4m in Series A funding

USA – Coda Signature, a leading brand of premium, cannabis-infused edibles, topicals and concentrates has closed US$24.4 million Series A funding round led by Granite Hall Partners. The funding round which looks to accelerate expansion […]

Uber Eats to begin testing food delivery by drone in the US

USA – Uber Eats, the online food ordering and delivery platform by Uber has said that it would start testing food delivery by drone in the region of San Diego, California as it ramps up […]

Tyson Foods launches first plant-based products and new brand

USA – Tyson Foods has unveiled its first plant-based and blended products and a new brand called Raised & Rooted®, marking an entry into the growing alternative protein segment. Under the new brand, the company […]

USDA to relocate key offices to Kansas in cost-savings strategy

USA – The U.S. Department of Agriculture is planning to relocate its Economic Research Service and National Institute of Food and Agriculture from Washington to Kansas City after carrying out a cost-benefit analysis. The move […]

PepsiCo appoints Ram Krishnan as Chief Commercial Officer

USA – PepsiCo has appointed Ram Krishnan as new Chief Commercial Officer in charge of the food and beverage giant’s global operations. Ram is currently Chief Executive Officer, Greater China for PepsiCo and will continue […]

Beyond Meat launches ‘meatier’ version of its plant-based burger

USA – Meat alternatives company, Beyond Meat has launched new plant-based product, Meatier Beyond Burger™ featuring a meatier taste and texture to simulate that of traditional ground beef. The new patty will be available at […]

Layn Natural invests US$60m in new CBD manufacturing facility in US

USA – China based Guilin Layn Natural Ingredients Corp. has invested approximately US$60 million in a new CBD manufacturing facility in the US. The facility is expected to be completed in 2020 with a capacity […]

Brown-Forman to acquire Fords Gin owner The 86 Company

USA – The American wine and spirits business, Brown-Forman Corporation has announced that it has reached an agreement to acquire The 86 Company, the New-York based spirits company. Upon completion, Brown-Forman will add Fords Gin, […]