All news articles for October 2017

Ferrero expects to operate Ferrara as a separate unit upon acquisition.

Ferrero to acquire Ferrara Candy

By Douglas Yu

The Ferrero Group has announced it will acquire Ferrara Candy Company from private equity firm L Catterton for an undisclosed sum.

Demand for protein snacks spurs innovation

Demand for protein snacks spurs innovation

By Elizabeth Crawford

Consumers want more protein and more snacks, yet according to recent data from Nielsen only 20% currently eat protein snacks – revealing a substantial marketing opportunity for innovative companies. Here are a few up-and-comers looking to fill the void.

Leonardo DiCaprio invests in Beyond Meat

'Our relationship with Leo began a few years back...'

Leonardo DiCaprio joins star-studded investor line up at Beyond Meat

By Elaine Watson

The star-studded group of investors backing Beyond Meat – which makes what it claims to be ‘near-perfect’ replicas of meat, from plants – has expanded this week as Oscar winner and environmental activist Leonardo DiCaprio has invested an undisclosed sum...

FOOD VISION USA 2017: Have you registered yet?

FOOD VISION USA: CHICAGO NOVEMBER 13-15

What's your vision for the future of food?

By Elaine Watson

Can PepsiCo or Kraft Heinz build another brand like Pepsi or Heinz from scratch, in-house, or will they increasingly serve as scale up platforms for brands they didn’t create?

New Baby Bowls will deliver incremental growth, says Plum Organics

Baby Bowls will deliver incremental growth, says Plum Organics

By Elaine Watson

Plum Organics – which disrupted the baby food aisle in 2009 with its spouted pouches and novel flavor combinations – is aiming to shake up the category again this fall with the launch of Baby Bowls, a new line of products in recyclable BPA-free plastic...

Picture: istockphoto/HandmadePicture

NEWS IN BRIEF

PureCircle Stevia Institute debuts at the ICN in Buenos Aires

By Elaine Watson

PureCircle Stevia Institute (PCSI) – originally founded as the Global Stevia Institute in 2010 - debuted today at the International Union of Nutritional Sciences (IUNS) 21st International Congress of Nutrition (ICN) in Buenos Aires.

Twinkies maker Hostess Brands has announced its CEO Bill Toler will be retiring next year. Pic: Hostess

Hostess Brands’ CEO to retire

By Gill Hyslop

Bill Toler, president and CEO of Twinkies producer Hostess Brands, has informed the Board of Directors that he plans to retire in March 2018.

Smithfield Renewables will aim to keep the company on track to cut emissions by quarter

Smithfield Foods creates clean energy unit

By Oscar Rousseau

Virginia-based pork processor Smithfield Foods has set up Smithfield Renewables, an initiative to power its efforts to cut greenhouse gas emissions and spark sustainable energy projects.

Prosecutors called the actions of Batista brothers Joesley and Wesley (pictured) 'illegal'

JBS Batista brothers charged with insider trading

By Oscar Rousseau

Joesley and Wesley Batistia, the billionaire brothers of scandal-rocked Brazilian meatpacker JBS, have been charged with insider trading by prosecutors who allege the duo pocketed over US$30m.

HIPPEAS raises $10m from CAVU Partners

HIPPEAS raises $10m from CAVU Venture Partners

By Elaine Watson

Extruded chickpea puff brand HIPPEAS has raised $10m from CAVU Venture Partners to help fund its explosive growth, while CAVU co-founder Brett Thomas will join its board of directors.

No US pork deal with Thailand

No US pork deal with Thailand

By Oscar Rousseau

Thailand and the US did not strike a deal to drop what one industry insider called a “de facto ban” on American pork imports when the two countries met in Washington recently.

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