UK: Hero Group acquires Deliciously Ella
Swiss-based baby food, snack bar and spreads firm Hero has announced the acquisition of British plant-based food brand Deliciously Ella for an undisclosed amount. Founded in 2016, Deliciously Ella offers crackers, snack bars, ready meals, biscuits, chocolate, dressings, spreads, pasta, kombucha and other products, available at leading grocery retailers Hero said the acquisition would allow […]
Saudi Arabia: Nestle to construct $73 million food plant
Nestle, the Swiss consumer goods giant, has signed an agreement with Saudi Authority for Industrial Cities and Technology Zones (MODON) to construct a food manufacturing plant via a 270 million SAR ($72.9 million) investment. The new plant will cover a site of 117,000 sq m in Jeddah and will fulfil local demand, as well as […]
Italy: Lidl to open logistics centre in Sardinia
Discount retailer Lidl has announced that the company is investing €70 million ($77 million) to open a regional headquarters in Sardinia that will also host the companys’s 12th logistics centre in Italy. In a press release, Lidl sai the new facility, which is located in Assemini in the Cagliari region, will shorten the distance goods […]
South Africa: Nestle to sell Cremora business to Lactalis
Nestle, the Swiss consumer goods giant, has announced plans to sell its Cremora business to the South African subsidiary of French dairy giant Lactalis, as part of a strategic realignment of its operations. Cremora is a creamer brand produced in Babelegi and Potchefstroom, South Africa, as well as in Harare, Zimbabwe. Lactalis will acquire both […]
India: Carrefour forms partnership to open grocery stores
French retailer Carrefour has just teamed up with UAE-based retail firm Apparel Group to open retail stores on the Indian market, according to a Business Standard report. Carrefour has formed the strategic franchise partnership in order to open hypermarkets, supermarkets and gourmet stores across India, with sizes ranging from 8,000 to 30,000 sq ft. Although […]
USA: General Mills to sell North American yoghurt business to Lactalis and Sodiaal
US food giant General Mills has entered into an agreement to sell its North American yoghurt business to leading French dairy companies Lactalis and Sodiaal for $2.1 billion. Lactalis will acquire the US division, while Sodiaal will acquire the Canadian division. The deal includes brands such as Yoplait, Liberte, Go-Gurt, Oui, Mountain High and Ratio, […]
Honey getting a boost from ‘real’ and ‘better-for-you’ launches
Insight by Gama Compass MANCHESTER – 16th September 2024: Honey is hitting a sweet spot, the latest Insight by Gama Compass can reveal, with an increasing number of food and drink brands choosing to make honey the centrepiece of their innovation and branding efforts, as well as including it as a key ingredient within product formulations. Mentioned nearly […]
USA: Unilever invests in supplements business Create Wellness
Unilever Ventures, the venture capital arm of consumer goods giant Unilever, has led a $5 million funding round in US-based creatine supplement firm Create Wellness. Founded in 2022, Create Wellness makes supplement gummies that are claimed to improve strength and cognition and facilitate muscle recovery. The company reportedly plans to use the funding to increase […]
USA: Cal-Maine Foods announces joint venture with Crepini
US egg producer Cal-Maine Foods has announced it has made a strategic investment in Crepini, establishing a new egg and prepared foods joint venture. Crepini produces egg wraps, protein pancakes, crepes and wraps that are retailed in over 3,500 stores in the US and Mexico. Cal-Maine Foods will capitalize Crepini with approximately $6.75 million in […]
UK: Aldi announces £800 million investment to accelerate expansion
German retail giant Aldi has announced an investment of £800 million ($1 billion) to expand its presence in the UK. In a press release, the retailer descrbed the sum as its “largest ever package of annual investment”, and said it plannedto open 23 new stores before the end of the year, including Muswell Hill in […]