investment
Mondelez takes minority interest in Urban Legend doughnut business
US-based Mondelēz International has confirmed its venture capital arm, SnackFutures Ventures, has moved to gain a minority stake in fast-rising UK fresh doughnut and pastry business, Urban Legend, writes Neill Barston.
Mondelēz moves to adopt AI in its global marketing strategies
A major move embracing AI technology has been confirmed by Mondelēz International, as it launches an extensive marketing venture with digital services provider Accenture and the communications specialists, the Publicis Group, reports Neill Barston.
Exclusive: Cargill delivers Deventer manufacturing expansion meeting chocolate coatings and fillings demands
The Cargill group has revealed a significant uprating of production capacity from its coatings and fillings plant by 60% in Deventer, The Netherlands, to help its European customers meet expanded demand for chocolate supplies, reports Neill Barston.
Mars moves to deliver $35.9 billion Kellanova takeover including flagship Pringles brand
A major strategic deal has been agreed by Mars, Incorporated, as it moves to complete $35.9 billion acquisition of Kellanova, the snacks spin-off division of Kellogg’s, including flagship brands, Pringles, Pop-Tarts and Rice Krispies Treats, reports Neill Barston.
UK food and drink business confidence drops 8% as economic and regulatory challenges persist
The Food and Drink Federation’s latest second quarter report has revealed the majority of businesses in the region are preparing to make investment into their operations, but confidence has decreased by 8%, amid notable ongoing regulatory and economic challenges, writes Neill Barston.
Hotel Chocolat offers summer special bakery and savoury releases for UK stores
British premium confectionery brand Hotel Chocolat has released its latest new bakes and savouries collection within its Yorkshire stores in Harrogate, Leeds Trinity, Leeds Springs,, and its latest Ilkley outlet due open next month, reports Neill Barston.
Digital replica of Aldomak fudge firm aims to enhance production capacity
Traditional Scottish fudge making business, Aldomak, is embarking on an ambitious project to digitally replicate its Glasgow factory in a bid to streamline and enhance its operations, writes Neill Barston.
Ukraine-based Roshen confectionery raises operating capital by 33%
Roshen’s Kyiv-based Ukraine confectionery facilities are reportedly set to benefit from a move aiming to bolster its financial position by raising authorised capital level by 33% to a total of 2 billion UAH (Hryvnia) £37 million, writes Neill Barston.
Barry Callebaut gains €700 million financing to secure future activities
The Swiss-headqartered Barry Callebaut Group has reported achieving a major sum of €700 million on the Euro bond capital markets, as it seeks to secure its long-term financial future, writes Neill Barston.
Bitzel’s Chocolate appoints chocolatier and underlines its sustainability mission
Fast-rising US independent confectionery business, Bitzel’s Chocolate, has taken on George Foley as executive chef and chocolatier, further strengthening its young team dedicated to producing premium product ranges, reports Neill Barston.
Schubert’s open days success paves the way for its return
A key open day event for Germany’s Gerhard Schubert has been hailed a success by the packaging machinery specialist, which has confirmed the event is set to become a regular fixture in its operations, writes Neill Barston.
Tate & Lyle makes major $1.8 billion acquisition move for CP Kelco ingredients
A major acquisition deal has been confirmed by Tate & Lyle Ltd, as it extends its portfolio considerably in a $1.8 billion complete purchase of CP Kelco, a specialist supplier of pectin-based gums, reports Neill Barston.
Mondelēz makes major strategic investment in Singapore biscuit and snacks hub
A significant investment has been made by Mondelēz International (MDLZ) as it inaugurated its new regional biscuit and baked snacks lab and innovation kitchen in Singapore, supported by $5 million investment, amid continued category growth, reports Neill Barston.
Nomo celebrates fifth free from anniversary with latest mini bar series
British vegan and free from brand, Nomo is marking its fifth anniversary of trading with a series of new mini bar products, as it reports a sustained period of growth for the business, reports Neill Barston.