UK: Unilever to cut 1,500 management jobs
Unilever, the multinational consumer goods giant has announced it will cut 1,500 management jobs globally as part of the changes in its organisation model. The company’s re-organisation comes under intense pressure from shareholders to boost growth. Unilever will move from three to five distinct business groups: beauty & wellbeing, personal care, home care, nutrition, and […]
UK: Diageo to sell Meta Abo Brewery to BGI in Ethiopia
Diageo, the leading alcoholic drinks company, has entered into an agreement to sell its Ethiopian brewery Meta Abo Brewery to BGI, a subsidiary of the French multinational Casteel Group. Meta Abo Brewery was acquired by Diageo in 2012 for US$225 million, and since then, the company has invested US$344 million to expand and transform the brewery industry […]
UK: Aldi to open first Shop&Go store in London
German discount retail giant Aldi has opened its first Shop&Go store in London which uses state-of-the-art technology to allow customers to shop without scanning the products or going through the checkout. To use the checkout-free store, customers will have to download the Aldi Shop&Go app and register an account which will allow them to enter […]
UK: Regal Food Products Group to buy Just Desserts
Yorkshire-based food company Regal Food Products Group has announced the acquisition of premium dessert manufacturer Just Desserts for an undisclosed sum. Founded in 1985, Just Desserts bakes over 130 hand-crafted desserts and cakes including tarts, cheesecakes, and gateaux distributed throughout the foodservice industry. Younis Chaudhry, CEO of Regal Food Products Group, commented: “We immediately recognised […]
Netherlands: Schouten Europe to buy Nijland Food
Dutch family business of meat and alternative products, Schouten Europe, has announced the acquisition of Nijland Food from Goor, which recently declared bankruptcy. Both companies have been working together for twelve years, Nijland has been packaging products for Schouten and has also produced some Schouten products. According to sources, the acquisition of Nijland does not […]
Finland: Fazer to acquire plant-producer Trensums Food
Fazer, the leading Finnish bakery and confectionery firm, has announced the acquisition of the Swedish plant-based drink producer Trensums Food from Profuragruppen for an undisclosed sum. Trensums Food is a growth company and a leading oat drink producer in Europe, the company was the first in the world to commercially produce oat drinks selling its […]
Italy: JBS to acquire King’s Group and Principe charcuterie brands
Global protein-based food company, JBS, has entered into an agreement to acquire King’s Group by its subsidiary Rigamonti. The deal will help JBS to strengthen its presence in the United States and Europe. With an investment of €82 million (US$ 92.5 million), the company acquires four plants in Italy and the entire operation of Principe […]
Germany: Kraft Heinz to acquire majority stake in Just Spices
Multinational food company The Kraft Heinz Company has announced the acquisition of an 85% stake in German-based company Just Spices for an undisclosed sum. According to sources, the remaining 15% ownership stake in Just Spices will be retained by its three founders who will remain with the company once the acquisition is complete. Founded in […]
Ireland: McCain Food to invest in Strong Roots
Potato and frozen food specialist McCain Foods has announced the investment of $55 million for a minority stake in Strong Roots, a plant-based frozen food company based in Ireland. The partnership will allow both companies to meet the rising consumer demand for healthy and natural food products. Strong Roots will continue to operate independently however […]
UK: Brothers Drinks to reacquire Babycham brand from Accolade Wines
Brothers Drinks Co has reached an agreement with Accolate Wines to reacquire the sparkling perry brand Babycham. Launched in 1953 and invented by Francis Showering, who helped start Brothers Drinks, Babycham was a popular alcoholic drink during the 60s and 70s described as a light, sparkling perry made from pear and soda water and has […]