Italy: Nestle invests in Acqua Panna brand
Sanpellegrino, the Italian bottled water firm within the Nestle Waters group, has announced an investment of €70 million ($80 million) over three years to make Acqua Panna “the premium still water” within the Nestle portfolio. The group said it was earmarking the investment to improve efficiencies at its Scarperia and San Piero sites, as well […]
USA: CJ CheilJedang takes majority stake in Schwan’s
CJ CheilJedDang (CJCJ), South Korea’s leading food firm, is taking an 80% stake in US food delivery and consumer brands firm Schwan’s via its US susbsidiary, according to a report in the Minnesota Star Tribune. Schwan’s turns over about $3 billion per annum and markets a variety of frozen retail products, including Red Baron, Freschetta and […]
USA: Post to spin off active nutrition business
Post, the US cereal giant, has announced it is to spin off its active nutrition business through an IPO. The company said it had approved a plan to separate its active nutrition business into a publicly traded company, “creating a scalable, high growth asset with dedicated capital resources and the strategic flexibility to pursue both […]
USA: Kellogg launches cereal brand to support digestive health
Cereal and snacks giant Kellogg has announced the launch of a new “3 in 1” cereal brand that claims to makes digestive health support “easily accessible”. HI! Happy Inside cereal is described as containing a blend of prebiotics, probiotics and fiber to provide support for good gut health. The range is claimed to contain a […]
UK: Diageo sells lower-end spirit brands to Sazerac
Diageo, the UK based alcoholic drinks giant, has announced the sell-off of 19 brands to the US spirits firm Sazerac for an aggregate consideration of $550 million. The transaction includes the whiskey brands Seagram’s VO, Seagram’s 83 and Seagram’s Five Star, the rum brands Myers’s and, Parrot Bay, the sambuca brand Romana, the vodka brand Popov, […]
UK: Premier Foods mulling sale of Ambrosia brand
Premier Foods, the UK food manufacturer, is mulling the sale of its Ambrosia custard and desserts brand as it continues to look at ways of reducing its debt burden. The company made the announcement as it reported a statutory loss after tax of £700,000 ($910,000) for the first half of its financial year, despite growing revenue by 1.3% […]
China: Nestle introduces first incubator product
FMCG multinational Nestle has announced the launch of its first products developed by its incubator team in China. According to Nestle, the products were released under the new brand name Xingshan and comprise three herbal drinks and three herbal soups, offering the benefits of Chinese medicine and cuisine. Developed jointly by the Nestle China incubator […]
Mexico: La Comer announces plans to expand network to 100 stores
Mexican supermarket chain La Comer has announced plans to expand the chain to 100 new stores by 2022, according to a Forbes article. The announcement was made at a launch event for the chain’s C’est la Vie campaign, which will see more than 3,500 French products offered in the chain’s stores. Rogelio Garza, director of […]
USA: Mondelez launches SnackFutures innovation hub
Snacks and confectionery multinational Mondelez International has announced the launch of an innovation hub called SnackFutures. According to the manufacturer, the new hub was developed to tap into rapidly changing consumer trends, creating new opportunities in the snacking sector. The innovation hub will join internal human resources with external partnerships to enable Invention of new […]
Canada: Parmalat to acquire Kraft Heinz’s natural cheese business
Kraft Heinz, the multinational food firn, has announced it is selling its natural cheese business in Canada to dairy firm Parmalat for C$1.62 billion ($1.23 billion) The agreement includes the sale of natural cheese brands Cracker Barrel, P’tit Quebec and aMOOza! in the Canadian market, as well as a production facility located in Ingleside, Ontario. Kraft […]