The food industry briefing
More need-to-know global food industry news
An antitrust investigation into Mondelez International by The European Commission could cost the company EUR300m (US$326m) to resolve, the company has estimated.
Beyond Meat burnt through more than US$400m in cash last year as the alternative-protein maker seeks to revive volumes with price reductions, its annual accounts revealed.
Plenty Unlimited has struck a deal with real estate investment trust Realty Income for up US$1bn in development funding for the US firm’s indoor vertical farms.
Dole plc is selling its fresh vegetables division in the US to Fresh Express, a subsidiary of local peer Chiquita Holdings, for US$293m.
Premier Foods has set out plans to close its Knighton Foods powdered desserts and drinks factory in the UK, putting around 300 jobs on the line.
Kellogg calls time on Russia with sale of snacks assets to Chernogolovka
Kellogg has sold its operations in Russia to local snacks-and-drinks firm Chernogolovka for an undisclosed sum.
2 Sisters CEO Ronald Kers leaving to take up same role at Valeo Foods
Ronald Kers, who has been CEO of UK poultry major 2 Sisters Food Group for the last five years, is leaving for the same position at Ireland-based Valeo Foods.
Europastry snaps up Dawn Foods’ European frozen bakery business
Spanish bakery supplier Europastry has acquired US-based baker Dawn Foods’ frozen bakery manufacturing business in Europe, Africa, the Middle East and Asia-Pacific.
Danone moots sale of US organic dairy business
Danone is considering selling US organic dairy businesses Horizon Organic and Wallaby amid its ongoing strategic portfolio review.
TS Lombard: What to expect from the Chinese economy in 2023 (and beyond)
Read more here on Investment Monitor