Italian cheese producer Auricchio Group has announced the acquisition of 3B Latte, a manufacturer of goat, buffalo and cow’s milk cheese. According to sources, 3B Latte has been operating for 70 years and generates a turnover of €35 million (US$36.6 million) and its portfolio includes the Vaccino, Di Capra, and Senza Lattosio brands. Florindo Bertoni, CEO of 3B Latte, commented: “This project will allow us to accelerate our growth while …
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PepsiCo, the global snacks and soft drinks giant, has announced its results for the fourth quarter and full-year 2016, with an increase in annual revenue rose of 5% to $19.52 billion. By region, in North America the Frito-Lay group rose 3% while the beverage unit saw organic growth of 2%. In Latin America, organic growth in snacks was 4%, offsetting a 3% decline in beverage volume. The Europe -Sub Saharan Africa unit and …
Denmark-based dairy specialist Arla Foods has revealed that it is expecting to invest €335 million ($361 million) in its production sites around the world. The plan has been made as part of the company’s global strategy of making Arla a household brand by 2020, as well as increasing revenue by almost a third. According to sources, the main focus of investments is to upgrade production and increase profitability and growth, …
Gama spoke to Joaquim Vives, General Manager, Mane Iberica. How is the growing demand for more ‘all natural’ formulations impacting on flavour & fragrance companies? This is a major trend and demand will keep growing if the economic situation continues to brighten. However, ‘all natural’ does not consistently point to the same definition when it comes to food & drinks manufacturing. This is not the case for flavourings, as …
Gama spoke to Ori Yehudai, President & CEO, Frutarom. What should manufacturers do to be successful in the current economic climate? I believe that in order to be successful in an ever more challenging economic environment, we must demonstrate creativity and flexibility when dealing with our customers and provide top-notch service. Being able to adapt and adjust to our customers’ needs and work with them in creating innovative but …
Gama spoke to Matteo Fantacchiotti, Global Vice President Commercial Diageo Reserve, Diageo. Which markets or consumer groups currently offer the greatest growth opportunities for FMCG companies? We see a new ‘Silk Route’, across the lines of the world magnet cities and hot spots. And this is where our focus is. Within this context, although high-net-worth individuals and wealthier people are the obvious target group, millennials are really what we’re going …
Insight by Gama Compass™ MANCHESTER – 16th April 2015: From the growth in on-the-go breakfast foods to the rise of multifunctional “alphabet creams” in the cosmetics market, convenience benefits have driven many of the breakthrough innovation trends in the FMCG space over the past few years. However, as the latest analysis of product launches reported by Gama Compass™ over the last 12 months can reveal, claims relating to convenience – …
L’Oreal is set to launch a new worldwide travel division to capitalize on the growing travel retail market. The new worldwide Group Travel Retail division it is to be overseen by Barbara Lavermos, the current managing director of L’Oreal Luxe’s travel retail worldwide. Lavermos will report to Niciolas Hieronimus, President of Selective Divisions. The new division, which is to be based in Paris, will involve The Body Shop brand, consumer …
Philip Morris International, the world’s largest tobacco company, is looking too break into the e-cigarette market in 2014, according to media reports. Philip Morris International has plans set to enter the $2 billion plus global market, as demand for the less harmful alternative to conventional cigarettes continues. The new range is reportedly to be be called ‘Reduced-Risk’ and, according to Philip Morris chief executive Andre Calantzopoulos, “2014 will be a …
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