USA: Good Culture secures majority investment from L Catterton
Good Culture, the Austin, Texas-based clean-label cultured dairy brand, has entered into a definitive agreement for a majority investment from L Catterton, the global consumer-focused investment firm, positioning the company for accelerated growth across the USA. According to press statements, Good Culture’s sales have nearly quadrupled over the past three years while the broader cottage […]
Indonesia: Unilever to divest tea business for $89 million
Unilever Indonesia, the local arm of the British consumer goods giant, has reached an agreement to sell its tea business to PT Savoria Kreasi Rasa, a subsidiary of the Indonesian conglomerate Djarum Group. The deal, valued at 1.5 trillion IDR ($89.4 million), includes the divestment of the SariWangi brand, which Unilever originally acquired in 1989. […]
UK: Morrisons partners with Applied Nutrition on high-protein range
Morrisons, the UK’s fourth-largest supermarket chain, has entered into a three-year exclusive out-licensing agreement with Applied Nutrition, a Liverpool-based wellness brand, to launch a new 53-strong range of high-protein food products. The Applied Food range is being rolled out to 400 Morrisons stores and includes high-protein pizzas, sandwiches, salads and snacks. A key feature of […]
France: Carrefour enters Ethiopia with Midroc partnership
Carrefour, the French multinational retail group, has announced its entry into the Ethiopian market through a franchise and supply agreement with Queens Supermarket. Under the terms of the deal with Queens Supermarket, a subsidiary of the Ethiopian conglomerate Midroc Investment Group, 13 existing outlets will be rebranded under the Carrefour Market banner during the first […]
USA: AB InBev to invest $30 million in Virginia brewery
Anheuser-Busch InBev (AB InBev), the Belgium-headquartered global brewing giant, has announced a $30 million (£23.6 million) investment in its brewery located in Williamsburg (VA). The capital injection is specifically aimed at increasing the production capacity of Michelob Ultra, a premium light lager that has become a key driver of growth for the company’s North American […]
Brazil: Arcor partners with Coko for 7Belo-flavoured ice
Arcor, the Argentine confectionery and food multinational, has collaborated with the Brazilian ice manufacturer Coko to launch a co-branded range of flavoured ice products. The partnership brings the flavour of Arcor’s 7Belo raspberry-flavoured chewy candy—to the ice category. Unlike traditional ice cubes, the “Gelo 7Belo” is sold in 200ml aseptic liquid cartons. Consumers are instructed […]
Spain: Lidl announces €600 million investment
Lidl, the German discount supermarket chain, has announced plans to invest €600 million ($657 million) in its Spanish operations over the next three years, while simultaneously targeting a 300-store milestone in Portugal. In Spain, the retailer intends to bolster its logistics infrastructure and retail footprint between 2025 and 2027. This follows the recent opening of […]
USA: Cobram Estate Olives strengthens presence with California Olive Ranch acquisition
Cobram Estate Olives, the Australian olive oil producer, has entered into a binding agreement to acquire California Olive Ranch (COR) for a total consideration of $173.5 million. The transaction for COR, a vertically integrated olive oil firm based in California, consists of $88.5 million in cash, $70 million in vendor notes, and an earn-out payment […]
Germany: Zur Muhlen to shut Eberswalder sausage plant
Zur Muhlen Group, the German meat processing subsidiary of Premium Food Group, has announced it will close its Eberswalder manufacturing facility in Britz, Brandenburg. The phased closure, expected to be completed by the end of February 2026, places approximately 500 jobs at risk. Zur Muhlen, which produces around 2 billion consumer packages annually, only acquired […]
UK: Morrisons to shutter Rathbones bakery site
Morrisons, the UK’s fourth-largest supermarket chain, has announced plans to close its Rathbones bakery manufacturing facility in Wakefield, West Yorkshire, putting 115 jobs at risk. The decision follows a period of restructuring for the 28,000 sq ft site, which produces specialist items such as crumpets, pancakes, pitta bread and naan. While Morrisons originally considered closing […]