In numbers


UK food and drink inflation hits 40-year high in “grim milestone” for sector

The jump in food and soft-drink prices in the UK in September, driving overall inflation to more than 10%. 


Plenty Unlimited to invest $300m in US vertical-farm “campus” 
Plenty Unlimited is investing US$300m over six years in a new vertical farm “campus” in the US state of Virginia. 


PepsiCo sells biscuit assets to Brazilian manufacturer Camil Alimentos 

PepsiCo has agreed to sell a clutch of biscuits assets in Brazil to local manufacturer Camil Alimentos, including 800 staff. 


Australia’s Tassal bites on fresh takeover offer from seafood peer Cooke 

Tassal Group, the Australian seafood company, has approved a new takeover bid from Canada-based Cooke. 


Bel buys majority of China’s Shandong Junjun Cheese Co. 

Bel, the French dairy major, has snapped up 70% of Chinese cheese maker Shandong Junjun Cheese Co. 


Nestlé injects cash into Enterome in food allergy, IBD collaboration 

Nestlé is providing EUR40m (US$40.7m) to Paris-based Enterome for an R&D project targeting food allergies and inflammatory bowel disease (IBD). 

In brief

The Very Good Food Company up for sale after months of financial uncertainty 

The Very Good Food Company has effectively put the Canadian plant-based meat business up for sale after months of uncertainty surrounding its finances. 

Nestlé outlines Europe gas contingency plan 

Nestlé has revealed it has plans to deal with the ongoing gas crisis in Europe as rising prices contribute to double-digit cost inflation. 

Marfrig CEO takes helm at fellow Brazilian meat group BRF 

Marfrig Global Foods CEO Miguel Gularte was named chief executive of Brazilian meat processing peer BRF. 

US pet-food firm Freshpet comes on radar of activist investor Jana Partners 

Freshpet has come under the scrutiny of activist investor Jana Partners, which has taken a 10% stake in the US business with a view to a potential sale. 

Further reading

Spectre raised of plant-based meat fragility as Very Good Food goes on the market 

The plant-based meat market may well be at a crucial juncture judging by the up-for-sale signs at Canada’s The Very Good Food Co. 

Read more here on Investment Monitor