Belgian supermarket chain Cora has announced the closure of all of its seven hypermarkets in Belgium by the end of 2026. According to sources, the company, which is part of the Louis Delhaize Group, took the decision due to a decline in purchasing power, the popularity of online shopping, foreign competition, and the decline of the hypermarket format. The retailer reportedly implemented a number of initiatives to boost sales but was not …
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Portuguese retailer Jeronimo Martins has received approval from Colombia’s antitrust authority to acquire 75 Colsubsidio supermarkets to boost its presence in Colombia to more than 1,500 outlets. In November last year, Colsubsidio announced that it would close all 104 of its stores by December due to declining performance and increased competition. The newly acquired stores will gradually reopen under the Ara brand by summer supported by new distribution centres in …
Muller, the UK’s largest milk supplier and distributor, has announced it has agreed to acquire kefir brand Biotiful Gut Health, as it seeks to establish a presence in the functional health yoghurt and drinks segment. Founded in 2012, Biotiful produces a range of kefir and natural gut health products. Commenting on the deal, Muller’s yogurt and desserts CEO Richard Williams said: “This is a business which fits really well within …
US breakfast cereal maker Post Holdings has announced the closure of two if its Post Consumer Brands cereal manufacturing facilities in Cobourg, Canada and Sparks, in the US state of Nevada. The closures are required to reduce capacity in its cereal production network, the company said, noting approximately 300 employees will be affected. “The ready-to-eat cereal category continues to decline”, said Nicolas Catoggio, president and CEO of Post Consumer Brands. “To respond to …
International dairy company Arla has announced its intention to merge with DMK Group, Germany’s largest dairy cooperative . The merger will create the largest dairy cooperative in Europe with more than 12,000 farmers, ensuring “financial abilities to invest in the future of dairy”, the company said in a statement “The foundation of this partnership is formed by our shared values, and I am immensely proud of this proposed merger, which …
The 2025 UK Food & Drink Shows (Food & Drink Expo), held from 7th to 9th April at Birmingham’s NEC, once again offered industry professionals across the food, drink, hospitality, retail, and manufacturing sectors valuable insights into trends and innovations shaping the UK consumer goods sector. Gama and Bonny Bite In a bid to cater to the evolving needs of the market, this year’s edition of the co-located Farm Shop …
USA based snack and confectionery group Mondelez, has announced an investment of 65 million CHF ($80 million) to upgrade its Toblerone chocolate facility in Bern, Switzerland. The investment is being made in the location where Toblerone was founded in 1908, and where around 90% of Toblerone products sold worldwide are still manufactured. A production line that will expand capacity for chocolate manufacture is scheduled to be operative by autumn 2025, while …
Egg producer and distributor Cal-Maine Foods has signed an agreement to acquire breakfast food manufacturer Echo Lake Foods for approximately $258 million. Echo Lake Foods produces, packages, markets and distributes ready-to-eat egg products and breakfast foods, including waffles, pancakes, scrambled eggs, frozen cooked omelettes, egg patties, toast and diced eggs. The acquisition will allow Cal-Maine Foods to expand its business into the value-added egg processed category and strengthen strategic customer …
The Indian arm of Swiss consumer goods giant Nestle has announced that it has laid the foundation stone for a new factory in Odisha, with an investment of 900 crore INR ($108 million). This new facility, Nestle India’s tenth in the country, will focus on producing food items such as ready-to-eat meals and culinary aids. Commenting on the move, Nestle India chairman and managing director Suresh Narayanan said: “With a steadfast adherence …
Italian egg producer Eurovo has announced the acquisition of a majority stake in UK-based liquid egg white brand Two Chicks for an undisclosed sum. Founded in 2007, Two Chicks is claimed to be the first company to launch liquid egg whites in UK retail. Eurovo supplies eggs and egg products to over 5,000 customers in more than 40 countries, reportedly generating approximately €1.25 billion ($1.4 billion) in combined revenue in …
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