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Tequila slammer! Jose Cuervo nets Russian Standard distribution deal

Mexico's Casa Cuervo has signed a deal with Russian Standard to distribute and market its Jose Cuervo tequila portfolio in Russia where demand for the spirit is soaring.

News in brief

Nestlé is selling its 10% stake in Swiss flavors and fragrances giant Givaudan

Nestlé is selling its 10% stake in Swiss flavors and fragrances giant Givaudan, the firm announced Friday.

Premier Foods ‘may be forced into Hovis joint venture’

Premier Foods may have to settle for a joint venture (jv) partner for its troubled Hovis bread business if it fails to secure an outright buyer, as it tries to...

The European food industry: Health claims, recession and global competition

We gave the European food industry a check-up at this year’s Food Ingredients Europe (FiE), talking with some of the industry's top ingredients players about EU health claims, economic recovery and how to...

AG Barr results impress City analyst

Soft drinks manufacturer AG Barr’s third-quarter results have impressed City analysts N+1 Singer Equity Research and Investec.

From AG Barr to Britvic: Meet the rising stars of UK soft drinks…

 The British Soft Drinks Association (BSDA) provides grants to support students taking science and technology courses and funds apprenticeships – here we profile four young UK high fliers!

Barry Callebaut: Just paying more for cocoa wouldn’t work

Simply paying African cocoa growers more will not incentivize them to move away from the encroaching, more lucrative industries of palm and rubber, says Barry Callebaut.

Europe Snacks changes hands

France’s leading private label snack maker Europe Snacks has been sold by private equity firm IK Investment Partners to another private equity company Apax Partners.

FiE video: Almond Board of California talks global supply and demand

The Almond Board of California talks pollination, global supply and Chinese demand at this year’s FiE event in Frankfurt.

Mondelez pumps $100m into new Czech biscuit factory

Mondelez International will invest $100m in a new Oreo and belVita biscuit factory in the Czech Republic that will supply Europe.

Carlsberg Grins and Russian Bears It: ‘We probably misjudged kiosk closure impact’

Carlsberg says the Russian beer market is ‘difficult’ and admits it misjudged the impact of kiosk closures and the blow this dealt its Baltika 7 brand in particular.

News in brief

PepsiCo to invest $5.5bn in India by 2020: ‘We've only scratched the surface of the long-term growth opportunities’

PepsiCo has announced plans to invest Rs. 33,000 crores ($5.5 billion) in India by 2020 to strengthen its agricultural footprint, manufacturing capacity, R&D capability and distribution network.

Europe needs specific policies to spur food industry growth: Trade associations

FoodDrinkEurope has called on the European Commission to recognise the importance of the food manufacturing industry to the EU economy, and to develop specific policies to encourage its growth, in...

Kellogg's "difficult" cut-backs

Project K: Kellogg chomps 7% of global workforce

Kellogg Company will axe 7% - 2000+ staff - of its workforce by the end of 2017 as part of a four year efficiency program designed to drive growth.

News in brief

Roshen rubbishes Orkla takeover rumors

Ukrainian chocolate maker Roshen has denied reports that it is set to sell the company to Norwegian group Orkla.

INFOGRAPHIC

Sluggish French confectionery sales expected up until 2017: Analyst

Slow growth in French confectionery runs deeper than the economic crisis since consumers are simply more health-conscious than their European cousins, according to market research.

ANALYST: 'BOTTOM LINE - CCE DELIVERED AGAINST A DIFFICULT BACKDROP'

Coca-Cola Enterprises shrugs off Pepsi GB surge and Suntory arrival

Coca-Cola Enterprises (CCE) insists analysts take a ‘mid-term perspective’ after Pepsi took volume and value share from Coke in Great Britain in Q3 2013 and says it is too soon...

Chr Hansen CEO on ‘solid’ 2013 profit: ‘We are very proud of our European performance’

Chr Hansen CEO Cees de Jong today praised the Danish enzymes, cultures and colours specialist’s 2012-2013 performance that saw revenues grow 6% to €738m for the year, and highlighted 5%...

EU-Canada free trade agreement ‘unacceptable’

The signing of a trade agreement establishing tariff-free European access to the Canadian dairy market has been welcomed by the European Dairy Association but roundly condemned by Canadian dairy stakeholders,...

SAB Miller CEO Clark targets mixed-gender drinking future

SAB Miller CEO Alan Clark says his company will work ‘over time’ to build beer demand and tap new consumption needs, stepping out of core lager and focusing on mixed-gender...

Nestlé needs to up premium game, but are there better options than Ferrero?

Nestlé should address its premium portfolio weaknesses, but perhaps there are better options than Ferrero, suggests a market analyst.

Haribo to construct second UK factory for $109m

Haribo has announced plans to build a £92m ($109m) factory in Castleford to keep pace with accelerating UK sales.

Flavour success in emerging and mature markets helps Givaudan to 'sustained growth'

Increased sales in developing markets for its flavour division have helped flavour and fragrance giant Givaudan to sustained growth above the market average for the first nine months of 2013.

Factory News

Barry Callebaut opens chocolate plant in Turkey; SunOpta completes Dutch cocoa site

Barry Callebaut has opened its first chocolate factory in Turkey, while SunOpta has completed a organic and specialty cocoa processing facility in the Netherlands.

Nestlé plans to sell underperforming brands

Nestlé CEO Paul Bulcke told an investor meeting on Tuesday that the company intended to divest some of its brands and shake up its portfolio.

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