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...Private equity groups Advent International and CVC Capital have teamed up to bid for a pet food company owned by Cinven, leaving a single bidding consortium left seeking to buy an asset the UK buyout group...
...The move by the FTSE 100 consumer goods giant comes days after chief executive Hein Schumacher set out plans to split off the ice cream business and cut 7,500 jobs as part of a turnaround plan....
...As other western companies pulled out of Russia after its full-scale invasion of Ukraine two years ago, Danone initially said it planned to stay in the country....
...A neighbouring location was also purchased by the family’s holding company....
...He added that the company plans to triple production in the next few years and expand into Europe....
...BUY: Hilton Food (HFG) Difficulties in the vegetarian and vegan markets continue to blight the food packing business, writes Christopher Akers....
...Business and trade secretary Kemi Badenoch has warned Steve Barclay, her counterpart at the Department for Environment Food and Rural Affairs, that his plans will drive up food costs and risk upsetting Britain...
...British government plans to require all meat and dairy products sold in the UK to be labelled “Not for EU” consumption will raise food costs, hit exports and deter investment in domestic food manufacturing...
...Iceland plans to prioritise food security over financial gain, planting corn and curbing bitcoin miners as the island state strives for more self-sufficiency in a hostile world....
...The consumer goods company this week announced that it plans to slim down by splitting off its ice cream business, which includes Magnum, Ben & Jerry’s and Wall’s....
...Danone has announced plans to raise its dividend as the French maker of yoghurt and bottled water said it had delivered on key milestones two years into a turnaround process....
...It plans to open over 500 more in the future....
...Prime minister Rishi Sunak’s plan to introduce a highly complex tax regime for UK wine importers is going to drive up prices, reduce consumer choice and tie up small businesses in red tape, the industry...
...The proposed state legislative bans are “surprising and shortsighted”, said Sean Edgett, chief legal officer of cultivated meat company Upside Foods, one of the two businesses that last year won government...
...Nestlé reported lower than expected full-year sales as the world’s biggest food company pinned the blame on a continued squeeze on household budgets....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...Although the company’s growth will have to slow eventually, having reached the top of the UK food chain its appetite for expansion is larger than ever — and for now, neither customers nor investors can get...
...Moscow has already blamed the EU for causing disruption on the global food market with its sanctions on Russian banks and energy companies, winning sympathy from some developing countries....
...OCP’s plan is to take this service all over Africa....
...Machin is barely two years into a five-year plan that aims to lift market share, profits and operating margins....
...British Sugar is owned by Associated British Foods, which also owns Primark as well as brands ranging from Twinings to Patak’s....
...The restaurant group, founded in Copenhagen almost 30 years ago, operates 27 sites across the UK, Denmark and Germany and has plans to expand in France and central Europe....
...The food producer said the steps, as well as “measures we plan to pursue this year to bolster our balance sheet”, would help strengthen its operations in the near-term....
...Greggs shares jumped 9 per cent on Wednesday after the food-to-go retailer reported strong sales growth and announced plans to open up to 160 additional stores this year....
...Breaking it down by the number of impacted companies, Brenis finds that out of 248,445 firms in Great Britain importing globally, some 40,619 (16 per cent) were importing ‘at risk’ plant and animal products...
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