Switzerland: Nestle and Starbucks agree coffee licensing deal
Consumer goods giant Nestle has announced it has reached a deal with international coffee shop chain Starbucks, enabling it to market the latter’s retail and foodservice products across the globe. The $7.15 billion deal gives Nestle the right to market Starbucks branded products in perpetutity, enabling it to “capture exciting new growth opportunities in the rest […]
USA: Danone to close manufacturing facility in Connecticut
French dairy multinational Danone has announced the closure of one of its manufacturing facilities in the USA by the end of the year, with 147 jobs affected. Danone, which markets products in North America under the Dannon and Activia names, took on the facility in Naugatuck, Connecticut in 2013, as part of its acquisition of […]
UK: The Hut Group acquires Eyeko
The Hut Group, the health & lifestyle e-retailer, is further strengthening its presence in the cosmetics space with the acqusition of mascara brand Eyeko, Cosmetics Business reports. Eyeko, a UK firm founded in 1999, specialises in a range of eye cosmetics including mascara, eyeliner and eyeshadow, as well as offering eye care products such as […]
Mexico: Diageo acquires Pierde Almas mezcal
Diageo, the global spirits firm, is making a further play in the mezcal space with the acquisition of ultra-premium brand Pierde Almas. Pierde Almas is produced in Oaxaca, Mexico from naturally fermented agave and is know for its social, cultural and environment awareness, the Spirits Business reports. The mezcal will be the second in Diageo’s portfolio. Its […]
South Korea: L’Oreal announces Nanda acquisition
L’Oreal, the global beauty firm, has announced the acquisition of the Korean fashion and cosmetics firm Nanda for an undisclosed sum. Founded in the South Korean capital Seoul in 2004, Nanda is spearheaded by its make-up brand 3CE which today represents more than 70% of its business. The firm generated revenues of €127 million ($152 million) in 2017 […]
Canada: Dr. Oetker to expand pizza plant
Dr. Oetker, the Germany-based ready meals, desserts and culinary aids firm, is to make a fresh investment in its pizza plant located in London, ON, Canada, according to a report in Global News. The upgrade is set to include a new production line featuring dough mixing together with baking, topping, freezing, and packaging operations, and […]
USA: Diageo launches Ketel One Botanical vodka
Diageo, the global spirits giant, has announced the latest addition to its Ketel One vodka line in the US – Ketel One Botanical. Promoted with the tagline “real botanicals – fresh taste”, Ketel One Botanical vodka is described as being “distilled with real botanicals and infused with natural fruit and botanical essences”. The new spirit, […]
USA: Lassonde agrees deal to acquire Old Orchard Brands
Lassonde, a producer of ready-to-drink fruit and vegetable juices and drinks, has announced that it has agreed a deal to acquire family-owned juice firm Old Orchard Brands for $146 million. Old Orchard Brands is headquartered in Sparta, MI and posted sales of $103.3 million for its 2017 fiscal year. Old Orchard is described as a leading brand in the shelf-stable fruit […]
UAE: Mitsubishi takes minority stake in Al Islami Foods
Mitsubishi, the Japanese conglomerate which is active in the FMCG space through its Living Essential Consumer Products division, is to take a minority stake in the UAE frozen foods firm Al Islami Foods. The size of the stake was not disclosed. Al Islami, a subsidiary of the Dubai Cooperative Society, said that the decision to partner […]
Chile: Nestle opens new Purina plant
FMCG giant Nestle has announced the opening of a new pet food plant for its Purina brand, located in Teno in the Maule region of Chile According to Economia y Negocios, the company has invested $120 million in the new plant, which it expects to produce 65,000 tons of pet food per year. This will […]