Brazil: Nestle negotiating sale of brands to competitors – reports
FMCG multinational Nestle is currently in negotiations to sell a number of its brands, as well as brands owned by Garoto, according to a report in Valor. The sale is described as a requirement by Brazilian antitrust authorities to approve the merger of Nestle with Garoto, which was first announced in 2004. Valor reports that […]
Brazil: Skol “celebrates diversity” with “skin coloured” cans
Ambev Brasil, the Latin American drinks firm, has launched a limited edition of Skol beer cans that are said to feature different skin tones in order to celebrate diversity. The limited edition cans are part of the ‘Skolors’ campaign with the slogan of a “A toast to diversity”. According to sources, the campaign is predicated […]
Brazil: Ambev enters mineral water category
Brazilian beverage producer Ambev has launched its first mineral water in the market under the AMA brand. According to the company, the product will initially be distributed in the states of Rio de Janeiro and Sao Paulo, but it is expected to be available in the rest of the country by the end of the […]
Brazil: Carrefour to open 70 Express stores in 2017
French retail giant Carrefour has announced plans to almost double the number of Carrefour Express stores it operates in Brazil, according to an article in Giro News. The retailer currently has 75 stores operating under the Carrefour Express banner in Brazil and plans to open 70 more in 2017, Carrefour CEO Georges Plassat is reported as […]
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 […]
Mexico: Henkel to acquire Nattura Laboratorios
German household and personal care giant Henkel, has announced that it has signed an agreement to acquire haircare firm Nattura Laboratorios and associated companies in the USA, Colombia and Spain. Headquartered in Guadalajara, Mexico, Nattura Laboratorios is primarily a manufacturer of professional haircare products, but is also active in the retail space through the styling […]
Brazil: Pepsico in negotiations to acquire Vigor – reports
Food and soft drinks giant PepsiCo has reportedly opened negotiations to acquire Vigor, a Brazilian dairy company owned by J&F group. According to Valor, PepsiCo has made two proposals to acquire the dairy company but up to this moment there was no consensus on the value of the transaction. The last value offered was reportedly […]
Mexico: Grupo Bimbo acquires Panattiere and Stonemill Bakehouse
Grupo Bimbo, one of the world’s leading bakery firms, has reached an agreement to acquire Panattiere, a frozen bakery firm based in Colombia. Established in 2015, Panattiere specializes in pre-baked and frozen baked products, including baguettes, ciabatta, puff pastry, croissant, soft bread, sandwich rolls and muffins. Daniel Servitje, Grupo Bimbo chairman and chief executive officer, said […]
Chile: Parmalat acquires cheese companies
Parmalat, the Italian dairy firm owned by the Lactalis group, has announced the acquisition, through its subsidiary La Vaquita Holding, of a number of Chilean companies specialised in the production of cheese. According to company press release, four cheese facilities were acquired for about € 100 million (£ 86 million), where the full amount was […]
Brazil: Procter & Gamble invests in innovation centre
US multinational Procter & Gamble has recently announced the investment of R$150 million ($50 million) in an innovation centre in Campinas, Brazil. According to Meio & Mensagem, the centre will focus on research and development for Latin America in the segments of baby care, beauty, household and hygiene, women’s and oral products, with the goal […]