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Diageo Launches New Super-premium Gin

    Diageo Launches New Super-premium Gin

Diageo is introducing a new super-premium Italian gin, Villa Ascenti. The launch comes at a time when the super-premium and ultra-premium gin categories are the fastest growing segment within gin in Europe. Villa Ascenti will initially be available in 14 European countries.
A new €420,000 (£360,000) distillery has been built on the site of the brand […]

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European Commission Proposes to Increase Price Transparency in the Food Chain

    European Commission Proposes to Increase Price Transparency in the Food Chain

Having banned unfair trading practices and improved producer co-operation, the European Commission has presented the third element to improve fairness in the food supply chain by introducing greater transparency in the way prices are reported throughout the chain.
The European Commission has tabled a proposal that will make available crucial information on how prices are determined […]

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Irish Distillers Launches ‘A Story of Irish Whiskey’ Podcast Series

    Irish Distillers Launches ‘A Story of Irish Whiskey’ Podcast Series

Irish Distillers, Ireland’s leading supplier of spirits and wines and producer of some of the world’s most well-known and successful Irish whiskeys, has launched its first podcast, ‘A Story of Irish Whiskey’. Produced by Last Cast Media, the five-part series is a story of coming together, sharing, conquering markets and how three families, competitors for […]

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C&C Group Increases Revenue by 187.3% to over €1.5 Billion

    C&C Group Increases Revenue by 187.3% to over €1.5 Billion

C&C Group, the UK and Ireland drinks production and distribution business, increased net revenue by 187.3% to €1.575 billion in 12 months ended 28 February 2019, reflecting the acquisition of Matthew Clark and Bibendum from the administrators of Conviviality Group in April 2018. Excluding Matthew Clark and Bibendum, and on a constant currency basis, net […]

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2 Sisters Accelerates Business Transformation

    2 Sisters Accelerates Business Transformation

2 Sisters Food Group has announced a series of actions as part of its accelerating transformational strategy to turnaround the business. The company is making further investments in its UK Poultry and Fox’s Biscuits businesses, and is proposing to reduce the number of its UK Poultry sites in order to produce shorter, more efficient supply […]

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Continued Growth by Marston’s

    Continued Growth by Marston’s

Marston’s, a leading British pub operator and independent brewer, has reported a 4.7% rise in underlying revenue to £553.1 million for the 26 weeks ended 30 March 2019, reflecting strong growth in its brewing business, the contribution from new openings and pub acquisitions and positive like-for-like sales in its pub businesses. Underlying operating profit at […]

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UK Ethical Food and Drinks Sales Hit £8.2 Billion

    UK Ethical Food and Drinks Sales Hit £8.2 Billion

British consumers are increasingly eating with a conscience as latest research from Mintel reveals that last year the nation spent £8.2 billion on ethical food and drink, including organic, Fairtrade, Rainforest Alliance and Marine Stewardship Council (MSC) certified products. Over the past five years, sales of ethical food and drink have shot up by 43% […]

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UK Restaurant Closures Accelerating as High Street Pressures Mount

    UK Restaurant Closures Accelerating as High Street Pressures Mount

The number of restaurants in Britain fell by 2.8% in the year to March 2019, the latest edition of the Market Growth Monitor from CGA and AlixPartners reveals — with high streets in the south of England, excluding London, hit especially hard by closures. The figure equates to net closures of 768 restaurants over 12 […]

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European Commission Clears Acquisition of European and Thai Businesses of BRF by Tyson Foods

    European Commission Clears Acquisition of European and Thai Businesses of BRF by Tyson Foods

The European Commission has approved, under the EU Merger Regulation, the $340 million acquisition of the European and Thai Businesses of BRF of Brazil by Tyson Foods of the US. BRF’s European and Thai businesses are active throughout the poultry supply chain in Thailand, and import into and further process poultry meat in the European […]

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Samworth Brothers Launches New Food-To-Go Business

    Samworth Brothers Launches New Food-To-Go Business

Samworth Brothers, the family-owned British food group, has launched a new food-to-go business and delivery service – Fresh Food For Now Company. The new venture marks the evolution of the existing Ginsters van operation into a fresh new business, offering vendors a complete food-to-go solution with an extended range of brands and products to cater […]

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Nestlé to Sell Skin Health Business For €9 Billion

    Nestlé to Sell Skin Health Business For €9 Billion

Nestlé has entered into exclusive negotiations with a consortium led by EQT and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for the sale of Nestlé Skin Health for a value of SFr10.2 billion (€9.0 billion). Nestlé Skin Health had net sales of SFr2.8 billion in 2018. The proposed transaction will be […]

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Bakkavor Group Expands in UK Desserts Category

    Bakkavor Group Expands in UK Desserts Category

Bakkavor Group, the leading provider of fresh prepared food in the UK, is acquiring Blueberry Foods, a desserts business owned by Samworth Brothers for an undisclosed price. Blueberry operates from a custom-built facility in Leicestershire with approximately 420 employees and produces a range of desserts for the UK’s leading grocery retailers.
A capital investment of more […]

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Müller Revolutionises the UK’s Favourite Yogurt Brands

    Müller Revolutionises the UK’s Favourite Yogurt Brands

Müller is set to revolutionise the UK yogurt category with new and improved recipes for the nation’s two favourite yogurt brands, Müllerlight and Müller Corner[1]. The dairy company has also revealed details of its biggest ever marketing campaign.
As the business continues to strengthen its core brands, and inspire people to live healthier and happier lifestyles, […]

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Premier Foods Plans to Increase Investment in Capital Projects and Consumer Marketing

    Premier Foods Plans to Increase Investment in Capital Projects and Consumer Marketing

Premier Foods has reported a 0.6% rise in revenue to £824.3 million for the 52 weeks ended 30 March 2019. Group trading profit at £128.5 million was up by 4.5% compared to the previous year and adjusted profit before tax rose by 12.1% to £88.0 million. However, due to GMP pensions recognition and impairment of […]

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HKScan Plans to Strengthen its Financial Position

    HKScan Plans to Strengthen its Financial Position

HKScan, the Nordic meat and meals company, is planning a share issue of up to €60 million to secure its financial position and to strengthen its capital structure. The planned share issue is intended to provide a strong foundation for developing the company’s business portfolio and balancing its financial situation and for building future growth.
The […]

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First Slaughter-free Meat Start-up to Grow Steaks Raises $12 Million

    First Slaughter-free Meat Start-up to Grow Steaks Raises $12 Million

Aleph Farms, co-founded by The Kitchen Hub, the first company to grow real meat cuts directly from cattle cells, has raised US$12 million in series A investments. This new influx of support includes a blend of classic venture capitalists and strategic partners. It is led by VisVires New Protein (VVNP), Singapore; with Cargill Protein, USA; […]

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European Commission Fines AB InBev €200 Million For Restricting Cross-border Sales of Beer

    European Commission Fines AB InBev €200 Million For Restricting Cross-border Sales of Beer

The European Commission has fined AB InBev €200.4 million for breaching EU antitrust rules. AB InBev, the world’s biggest beer company, has abused its dominant position on the Belgian beer market by hindering cheaper imports of its Jupiler beer from the Netherlands into Belgium.
Margrethe Vestager, Commissioner in charge of competition policy, said: “Consumers in Belgium have been paying more for their […]

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Froneri Unlocks New Zealand and Pacific Region With Acquisition of Tip Top

    Froneri Unlocks New Zealand and Pacific Region With Acquisition of Tip Top

Froneri, the UK-based international ice cream group, has agreed to acquire the iconic New Zealand ice cream business Tip Top from global dairy co-operative Fonterra with completion expected by the end of May. The deal is worth NZ$380 million (US$250.2 million).
Created in 2016 as a joint-venture between PAI Partners and Nestlé, Froneri is the second […]

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‘Changing Tides’ to Drive Scotland’s Seafood Growth Ambitions

    ‘Changing Tides’ to Drive Scotland’s Seafood Growth Ambitions

Seafood Scotland has launched ‘Changing Tides’ – a strategic action plan designed to be a catalyst for change in Scotland’s seafood sector. The action plan is designed to deliver a strategy for the growth of the Scottish seafood sector. The strategic plan for collaboration, sustainable change and growth fits within Scotland Food & Drink ‘Ambition […]

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Dairy Crest Chief Steps Down

    Dairy Crest Chief Steps Down

Mark Allen is stepping down as chief executive of Dairy Crest following the £975 million sales of the UK dairy business to Canada-based Saputo Group, which is one of the top ten dairy processors in the world. Tom Atherton, chief executive and group finance director of Dairy Crest, has been appointed president and chief operating […]

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Ireland Experiences Boost in Alcohol Sales Over Easter Period

    Ireland Experiences Boost in Alcohol Sales Over Easter Period

Supermarket shoppers in Ireland spent €34.6 million on alcohol in the week leading to Easter, a 5.3% increase in sales compared to last year, reveals Nielsen data. The rise in alcohol sales was a significant uplift over last year where sales increased by 3.9%, and the second year that the alcohol category benefited from changes […]

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Heineken Enters Ecuadorian Beer Market

    Heineken Enters Ecuadorian Beer Market

Heineken has acquired a majority stake in Biela Ecuador from a group of mainly local investors for an undisclosed sum. Over the past few years, Biela Ecuador has established its place in the Ecuadorian beer market by re-launching the Biela® brand.
The Beila brewery is located in Guayaquil, Ecuador’s largest city, and is fully operational using […]

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Conagra Brands to Sell Gelit

    Conagra Brands to Sell Gelit

Conagra Brands, one of North America’s leading branded food companies, has agreed to divest its Italian-based frozen pasta business, Gelit, which is headquartered in Doganella di Ninfa, to an Italian investment company owned by Consilum, Progressio and MMM, whose reference shareholder is Massimo Menna.
The transaction is subject to customary closing conditions and includes the sale […]

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Scotch Whisky Contributes £5.5 Billion Annually to the UK Economy

    Scotch Whisky Contributes £5.5 Billion Annually to the UK Economy

The contribution of the Scotch whisky industry to the UK economy has grown by 10% since 2016 to £5.5 billion. A new report by the Scotch Whisky Association, building on research carried out by the Centre for Economic and Business Research (CEBR), also reveals Scotland’s national drink generates two-thirds of all spirits Gross Value Added […]

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Late Easter Sunshine Heats Up the UK Grocery Market

    Late Easter Sunshine Heats Up the UK Grocery Market

The latest UK grocery market share figures from Kantar show total year-on-year sales increased by 2.0% during the 12 weeks to 21 April 2019. Bolstered by a record-breaking £2.5 billion spent during the Easter week, this is the fastest rate of growth the overall sector has experienced in 2019.
Fraser McKevitt, head of retail and consumer […]

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Heineken and China Resources Complete Strategic Partnership Deal in China

    Heineken and China Resources Complete Strategic Partnership Deal in China

Heineken has completed all transactions to form the long-term, strategic partnership with China Resources Enterprise (CRE) and China Resources Beer (Holdings) (CR Beer) for Mainland China, Hong Kong and Macau. CRE has also become a shareholder in Heineken.
The completion of the transactions enables Heineken, CRE and CR Beer to now start the implementation of their […]

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Green Light For £30 Million Developments at Old Bushmills Distillery

    Green Light For £30 Million Developments at Old Bushmills Distillery

Irish whiskey producer Old Bushmills Distillery has been granted planning permission for a £30 million capacity expansion at its site at Bushmills in County Antrim. The company, which has been part of Mexico-based Jose Cuervo since 2014, is also planning to build 29 warehouses to support its long-term growth.
“Our plans for building additional distilling capacity […]

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Kerrygold Brand Reaches €1 Billion Annual Retail Sales Globally

    Kerrygold Brand Reaches €1 Billion Annual Retail Sales Globally

Kerrygold, the brand owned by Irish dairy farmers through the Ornua dairy co-operative, has exceeded €1 billion annual retail value – the first Irish food brand to reach this momentous milestone. The Kerrygold brand was created by Sir Anthony O’Reilly, CEO of what was then called An Bord Bainne, in 1962. His vision was to […]

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Heineken to Invest £50 Million in its UK Pub Business

    Heineken to Invest £50 Million in its UK Pub Business

Heineken, the UK’s third largest pub business, has announced a record investment of £50 million to refurbish nearly 150 pubs across the UK, creating an estimated 1,200 hospitality jobs. The ambitious investment programme will see everything from gardens, kitchens, bars and snugs, given a bespoke refurbishment to fit each pub’s individual character. Every pub will […]

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Bakkavor to Close UK Site

    Bakkavor to Close UK Site

Following the completion of a consultation period, Bakkavor Group has confirmed the closure of its Freshcook meals facility at Holbeach St Marks, Lincolnshire. The site will cease to operate from 29 April 2019.
Management reviewed a number of different options to improve the performance of the loss-making site but unfortunately concluded that this business is no […]

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JBT Corporation to Acquire Proseal

    JBT Corporation to Acquire Proseal

JBT Corporation, a global technology solutions provider to high-value segments of the food and beverage industry, has agreed to acquire Proseal UK, a leading provider of tray sealing technology for the food industry. Privately held Proseal is headquartered in Adlington, UK, with additional production facilities in Richmond, Virginia and Melbourne, Australia.
Tray sealing is a packaging […]

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Further International Expansion By Saputo Group

    Further International Expansion By Saputo Group

Having just completed its £975 million acquisition of Dairy Crest in the UK, Canadian dairy company Saputo Group is further expanding its international presence by purchasing the speciality cheese business of Australia’s Lion Dairy & Drinks for A$280.0 million (C$265.0 million). The specialty cheese business is conducted at two manufacturing facilities located in Burnie and […]

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UK Craft Beer Boom Sobers

    UK Craft Beer Boom Sobers

The craft beer boom in the UK has slowed sharply in the last year with the total number of breweries increasing by just 8 versus the 390 added in prior twelve months, research by UHY Hacker Young shows. The total number of UK breweries reached 2,274 at the end of 2018, up from 1,352 five […]

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Mondelēz International to Collaborate With Israeli FoodTech Incubator

    Mondelēz International to Collaborate With Israeli FoodTech Incubator

Mondelēz International has reached a collaboration agreement with The Kitchen, Israel’s only FoodTech-focused incubator and one of the first FoodTech incubators in the world. This collaboration is led by Mondelēz International’s R&D and SnackFutures teams, the company’s innovation and venture hub aimed at unlocking snacking growth opportunities around the world.
Through the collaboration, Mondelēz International will have […]

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Merger Between Sainsbury’s and Asda Blocked

    Merger Between Sainsbury’s and Asda Blocked

The Competition and Markets Authority (CMA) has blocked the £7.3 billion proposed Sainsbury’s-Asda merger after finding it would lead to increased prices in stores, online and at many petrol stations across the UK. In its final report, the CMA found that UK shoppers and motorists would be worse off if Sainsbury’s and Asda – two […]

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Mondelēz International Makes Minority Investment in Healthy Lifestyle Snacking Company

    Mondelēz International Makes Minority Investment in Healthy Lifestyle Snacking Company

Mondelēz International has made a minority investment in Hu Master Holdings, the parent company of both Hu Products and Hu Kitchen, a fast-growing US-based snacking company offering minimally processed, high-quality snacks. This is the second venture investment Mondelēz International is making as part of SnackFutures, its innovation and venture hub aimed at unlocking snacking growth […]

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FrieslandCampina Sells Creamy Creation

    FrieslandCampina Sells Creamy Creation

Royal FrieslandCampina has sold its cream liqueur manufacturing business, Creamy Creation based at Rijkevoort in the Netherlands, to Dutch investment company Wagram Equity Partners. The transaction includes the production of cream liqueurs in Rijkevoort and sales office in Paramus (the United States of America).
FrieslandCampina has decided to focus more on nutritional and functional solutions with […]

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New Head For Kraft Heinz Company

    New Head For Kraft Heinz Company

The Kraft Heinz Company has appointed Miguel Patricio (pictured above) as chief executive effective July 1, 2019. He will succeed Bernardo Hees, who will remain as chief executive through to June 30, 2019, to ensure a seamless transition.
“Miguel is a proven business leader with a distinguished track record of building iconic consumer brands around the […]

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Saputo Group Completes £975 Million Acquisition of Dairy Crest

    Saputo Group Completes £975 Million Acquisition of Dairy Crest

Canada-based Saputo Group, which is one of the top ten dairy processors in the world, has completed its £975 million acquisition of Dairy Crest, the UK dairy business. The acquisition will allow Saputo Group to increase its international presence and enter the UK market by acquiring and investing in a well-established and successful industry player […]

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Pernod Ricard to Acquire Super-premium Italian Gin Brand

    Pernod Ricard to Acquire Super-premium Italian Gin Brand

Pernod Ricard is acquiring Italian super-premium gin brand Malfy from Biggar & Leith for an undisclosed price. Malfy is a range of super-premium gins distilled by the Vergnano family in the Italian region of Moncalieri, and already present in several international markets such as the United States, United Kingdom and Germany. Each gin in the […]

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Carlsberg UK Gets Honest About Its Beer

    Carlsberg UK Gets Honest About Its Beer

Carlsberg UK has launched its most ambitious and honest consumer facing campaign ever in a bid to drive reappraisal of its flagship beer brand. Expected to reach 97% of the UK, the £20 million campaign conceived in collaboration with agency partners Fold7, Clifford French and Initiative – trades on the equity of the brand’s renowned […]

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Danone Sells US-based Earthbound Farm

    Danone Sells US-based Earthbound Farm

Danone has sold Earthbound Farm, the US organic salads business, to California-based Taylor Farms, a family-owned salads and fresh foods company. The sale of Earthbound Farm, which had annual sales of about US$400 million in 2018, is part of Danone’s portfolio management and capital allocation optimization strategy.
Earthbound Farm, founded in 1984 in California, is the […]

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Asian Grocery Market to be Worth US$4264 Billion by 2023

    Asian Grocery Market to be Worth US$4264 Billion by 2023

Asia will generate US$4264 billion of grocery sales by 2023 – almost the same as Europe and North America combined – according to new market forecasts from IGD Asia, the food and consumer goods research organisation.
Findings include:

Asia, the largest regional grocery market in the world, is expected to grow by a CAGR of 6% between 2018 and 2023
The grocery […]

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Wessanen Sold For €885 Million to a Consortium of PAI and Charles Jobson

    Wessanen Sold For €885 Million to a Consortium of PAI and Charles Jobson

Royal Wessanen, a European leader in healthy, organic and sustainable food, is being acquired for €885 million by a consortium consisting of PAI Partners and Charles Jobson, who already owns 25.74% of the Netherlands-based food group. PAI has a strong track-record of acquiring businesses and supporting management teams to invest for growth, both organically and […]

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St Austell Brewery Names New Chief

    St Austell Brewery Names New Chief

St Austell Brewery, the English regional brewer, has announced that Kevin Georgel will become its new chief executive, replacing James Staughton upon his retirement in January 2020. Kevin Georgel, who has been a non-executive board member at St Austell Brewery for four years, has decided to step down from his five-year tenure as chief executive […]

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Dairygold Delivers a Satisfactory Financial Performance

    Dairygold Delivers a Satisfactory Financial Performance

Dairygold, the Irish dairy co-operative, has announced that its annual turnover rose by €27.4 million to a record €992.9 million in its 2018 financial year. However, the extreme weather conditions experienced in 2018 had a severe impact at farm level. As a co-operative, Dairygold responded by supporting milk and grain prices and introducing a range […]

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Müller Milk & Ingredients to Reduce Plastic Use and Food Waste as it Simplifies Fresh Milk and Cream Range

    Müller Milk & Ingredients to Reduce Plastic Use and Food Waste as it Simplifies Fresh Milk and Cream Range

Müller Milk & Ingredients (MMI) is set to reduce plastic use by 400 tonnes per annum whilst substantially cutting food waste and distribution costs as it simplifies its range of fresh milk and cream products. The SKU (Stock Keeping Unit) rationalisation programme, part of MMI’s Darwin project, could see the company pare down the 835 […]

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Construction Starts on €40 Million Betaine Plant in Austria

    Construction Starts on €40 Million Betaine Plant in Austria

The fruit, starch and sugar group AGRANA is constructing a betaine crystallisation plant at its sugar refinery in Tulln in Austria under a joint venture with Amalgamated Sugar, the second-largest sugar beet producer in the USA. The new plant, entailing the investment of around €40 million, will take a year to construct.

AGRANA has been processing […]

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Nestlé Launches R&D Accelerator to Boost Innovation and Speed-to-market

    Nestlé Launches R&D Accelerator to Boost Innovation and Speed-to-market

Nestlé has announced the creation of the Nestlé R&D Accelerator based in Lausanne, Switzerland. The accelerator brings together Nestlé scientists, students and start-ups to advance science and technology with the objective to accelerate the development of innovative products and systems. Internal, external or mixed teams are eligible to use dedicated hot desks at the accelerator […]

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EU Commission Confirms Irish Whiskey’s Status as a Geographical Indication

    EU Commission Confirms Irish Whiskey’s Status as a Geographical Indication

The Irish Whiskey Association (IWA) has welcomed the official announcement by the European Commission that Irish whiskey’s status as a Geographical Indication (GI) has been approved. Under a 2008 EU Spirit Regulation, Member States were required to submit to the European Commission a comprehensive technical file for each GI registered, no later than 20 February […]

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Easter Timing Slows Sales as St Patrick’s Day Provides a Boost For Irish Grocery Market

    Easter Timing Slows Sales as St Patrick’s Day Provides a Boost For Irish Grocery Market

The latest grocery market share figures, published by Kantar, show that the Irish grocery market grew by 3.2% in the 12 weeks to 24 March 2019. Despite Easter falling three weeks later than last year, and the absence of the extreme weather which provided an unexpected boost for some retailers in 2018, strong overall performance means market […]

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Reorganisation Going to Plan at DMK Group

    Reorganisation Going to Plan at DMK Group

The DMK Group, the biggest German dairy co-operative, and one of the biggest suppliers to the German food retail industry, is continuing to build for the future. The dairy company’s realignment towards being a clear customer and consumer-based food producer, which was started in the summer of 2017, is reflected in the stable figures for […]

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Ornua Delivers Strong 2018 Performance With Operating Profit Up 14.8%

    Ornua Delivers Strong 2018 Performance With Operating Profit Up 14.8%

Ornua, Ireland’s largest exporter of dairy products, delivered a strong trading performance in 2018. Group turnover reached €2.082 billion with group EBITDA of €60.5 million, up 12.5%, and operating profit rose by 14.8% to €40.4 million. The performance was achieved during a period of significant and sustained investment across its facilities and brand portfolio.
The late […]

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Emmi Group Emmi Expands its Goat’s Milk Business

    Emmi Group Emmi Expands its Goat’s Milk Business

Swiss dairy processor Emmi Group has gradually been expanding its international goat’s milk network since 2010. By taking a 66% stake in Austrian goat’s and sheep’s milk processor Leeb Biomilch, Emmi is building on its position in this market. The acquisition also expands Emmi’s range of organic vegan products.
Founded in 2001, Leeb Biomilch has established […]

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