Spain: Corporation Exea Empresarial acquires majority stake in Apivita
The Spanish firm Corporation Exea Empresarial, the holding company of the Puig family, has announced the acquisition of a majority stake in the Greek company Apivita Cosmetics, according to a report in Cosmetics Business. Exea owns the Puig fragrances and fashion group; Flamagas, a manufacturer and distributor of stationery, electronics and lighters; and Isdin, a skin […]
Russia: TH True Milk to invest $1.7 billion
Vietnamese dairy producer TH True Milk will invest $1.7 billion in a new dairy facility in Russia as part of its expansion plans in the country. The new facility will be set up in Eastern Russia, in a region which “provides the third highest economic contribution per head”. The region falls in the Asian continent […]
Italy: Ferrero acquires Fannie May
Italian confectionery giant Ferrero has announced the acquisition of US chocolate brand manufacturer Fannie May for $115 million in cash. Fannie May’s products, which include brands like Fannie May and Harry London, are mainly distributed through the e-commerce site 1-800 Flowers.com. “Fannie May represents a strong strategic and cultural fit for Ferrero and we are […]
Germany: Coty to close Hunfeld site
Coty, the global producer of cosmetics and toiletries, is set to close its Wella facility in Hunfeld, Hesse, Germany with the potential loss of 380 jobs, according to a report in Hessenschau. Once a final decision on the site’s future is taken, it is expected that it will close its doors by the end of […]
Switzerland: Nestle and Coca Cola to end Nestea joint venture
Nestle, the food and drink multinational, and soft drink giants Coca-Cola have agreed to end their Nestea iced tea joint venture after 16 years, with the firms now seeking to follow different strategies in the ready-to-drink tea category. In 2001, Coca-Cola and Nestle joined forces to create Beverage Partners Worldwide, a beverage venture offering Nestea […]
Switzerland: Nestle nears agreement to construct plant in Cuba
Swiss based food giant Nestle has revealed that it is close to reach a deal with Cuba to form a new venture to build a factory in the country, according to a report in Fox Business. The new $50 to $60 million factory is set to produce coffee, biscuits and cooking products, employing around 300 […]
Austria: Merkur introduces ‘green’ range of laundry products
Austrian retailer Merkur, a subsidiary of the German Rewe Group, has announced the extension of its range of ‘green’ products Immer Grun (Always Green), introducing cleaning products that are claimed to be suitable for families with babies and young children. According to European Supermarket Magazine, laundry products such as fabric softeners, washing detergents and powders […]
Netherlands: Regular Sprite to be replaced by Sprite Zero
Global beverage giant Coca-Cola has announced that regular Sprite will no longer be available in the Netherlands, and will instead be replaced by calorie and sugar free version Sprite Zero, to be sold under the Sprite name. According to Retail Detail, Coca-Cola said that the Netherlands was chosen for the trial as it is among […]
Austria: Nestle to close plant in Linz
Nestle, the food and drink multinational, has announced plans to close its factory in Linz, Austria “as part of its on-going portfolio review”. Built in 1879, the Linz facility manufactures a broad range of grocery products and has a total production volume of about 6,000 tons. 127 staff are employed at the site. Announcing the […]
Germany: Amira Nature Foods acquires rice brands
Amira Nature Foods, an Indian manufacturer of basmati rice and related products, has announced the acquisition of several speciality rice brands in Germany. The portfolio includes brands that have mainly been sold in ethnic channels and include Al Amir, Al Hakim, Bano, Dalia, Hanna and Shah Pari. “The addition of these specialty, packaged rice brands […]