“J&J should have sold it 10 years ago,” is one analyst’s appraisal of Finnish agro-food giant Raisio’s buy-back of the licensing rights to its cholesterol lowering, plant stanol-based Benecol brand today,...
Raisio will reduce the book value of Honey Monster cereal by €10m – a move that comes just weeks after its multi-million brand revamp of the product.
Coca-Cola Hellenic’s CEO says the firm is keen to take Monster Energy into new markets, as its lackluster performance in developed markets led by Italy hit summer soda sales. ...
Dairy Crest has agreed to sell dairy assets, including its fresh milk business, to British rival Müller UK & Ireland for £80m (US$127.5m, €102m).
Kellogg will overhaul Special K next year to pull the failing brand away from its weight management focus, the company CEO says.
Unilever management has never sounded so confident – despite sluggish sales growth, says Shore Capital analyst Darren Shirley.
Coca-Cola Enterprises (CCE) says it is too early to ‘declare victory’ with stevia-sweetened cola Coca-Cola Life after September launches in Britain and Sweden.
Coke appears to be capitulating to the ‘new normal’ operating environment by lowering its revenue and volume growth targets, according to one financial analyst, while disaffected investor David Winters claims...
The Coca-Cola Company CEO Muhtar Kent will today identify value-added dairy as a top target category for still beverage retail value growth through to 2020.
UK bread major Warburtons has pledged £10,000 ($15,900) to a youth charity project focused on driving employment.
Glanbia has completed its acquisition of US sports nutrition firm The Isopure Company on schedule.
The EU cereal harvest will hit record levels this year, driving higher than average exports, says the European Commission (EC).
Latvia-based Food Union has agreed to buy the ice cream and frozen foods business of Estonia’s Premia Foods in a deal worth €27.1m, the company said on Monday.
Swedish meat supplier Sten Davidsson has been fined more than €45,000 after Taiwanese authorities discovered it had faked export certificates and stamps.
Nestlé has agreed to sell its Alete and Milasan baby food brands to focus on its infant formula interests in Germany and Austria.
The largest food and beverage companies in the UK have seen average margins flatline at 5.2% over the past two years, according to research from OC&C Strategy Consultants.
Around 200 companies have joined forces under Nestlé’s ‘Alliance for YOUth’ to tackle youth unemployment in Europe.
DSM Nutritional Products (DNP) wants to engage with commercial, government and academic entities at a 2-day open innovation (OI) summit with selected participants in December.
The European commissioner for trade has denied overstating possible economic benefits of the landmark Transatlantic Trade and Investment Partnership (TTIP), according to a response letter to NGO concerns....
KP Snacks’s plans to close factories at Consett in County Durham and Corby in Northamptonshire, threatening up to 186 jobs, have ‘devastated’ longstanding workers there, according to trades union GMB.
Allied Bakeries (AB) has created 27 new jobs at its Glasgow facility after pumping £8.4M into its new Kingsmill Sandwich Thins production line.
The European Commission says it will increase its €60m Common Agricultural Policy (CAP) budget by a further €30m to ease market difficulties expected as a result of Russian measures against some European...
The Ebola Virus Disease (EVD) outbreak has threatened upcoming cereal harvests across Liberia, Sierra Leone and Guinea, says the Food and Agriculture Organization (FAO) as it issues a ‘grave food...
Investment and growth in Scotland’s food and drink sector will see around 10,000 new jobs created in the region, according to a Bank of Scotland report just a month before...
Despite reports it is preparing to up the amount of cheese it ships to Russia, Serbia has vowed not to support an increase in food exports to the country.