Economy and finance
773 news found
Economy and financeMarr, revenues higher than the market trend
The Group focuses interventions in favor of sustainability and digital development
MARR S.p.A. the leading company in Italy in the sale and distribution to the foodservice of food and non-food products, closed the first quarter of the year by completing the acquisition of the Verrini... more
Economy and financeIvs (vending) approves the Annual Report 2020
The Group recorded sales of 329.9 million (-28.7%), Ebitda of 69.8 million and six new acquisitions in 2020
The board of directors of Ivs Group SA, convened on 30 March 2021 and chaired by Dr. Paolo Covre, examined and approved the Annual Report 2020 (statutory and consolidated), the management report and related... more
Economy and financeFrescoFrigo, 2nd round of €1.8M financing
Among the investors, public and private, Cdp Venture Capital Sgr
FrescoFrigo, the health food start-up led today by CEO Giacomo Pastore, flanked by President Enrico Pandian , has closed a 2nd round of financing for 1.8 million euros, aiming, for 2021, at internationalization... more
Economy and financeBanks. Crédit Agricole Italia takeover bid on Valtellinese
There is time to join until April 21st
The full voluntary public tender offer concerning the ordinary shares of Banca Piccolo Credito Valtellinese SpA announced to the market on 23 November 2020 by Crédit Agricole Italia SpA and for which... more
Economy and financeCamst aims for 1 billion euros in revenue by 2025
Five-year plan for all sectors: school nutrition, corporate catering and facility services
Camst group, one of the major Italian operators in the catering and facility services sector, looks to the next few years and launches its five-year strategic plan "The future we choose" with ambitious... more
Economy and financeWine. Issue of bonds to support the Italian supply chain
Provided with 21 million for Masi, Pasqua and Feudi San Gregorio
Cdp and Unicredit anchor investor for 50% of the value. more
Economy and financeThe first biomethane plant from agricultural waste in Italy
Passed the milestone of 10 thousand hours of activity
Feeding the earth and producing energy in a sustainable way while respecting the planet is the mantra that is revolutionizing the way agriculture is done. The agricultural-circular model, based on the... more
Economy and financeCrédit Agricole Italia confirms support for the real economy and the environment
New leasing operations and green loans are coming
Crédit Agricole Leasing Italia confirms itself alongside the Italian entrepreneurial fabric and its financing needs with new leasing operations. In the last year, the new leasing operations have had an... more
Economy and financeErgon-backed Dolciaria Acquaviva acquires Dolce Milano and Unigel
Both active in frozen baked products
Ergon Capital Partners IV SCSp (“Ergon”) backed Dolciaria Acquaviva (“Dolciaria” or the “Group”), completed over the past days the acquisitions of Dolce Milano Srl (“Dolce Milano”) and Unigel Srl (“Un... more
Economy and financeRevolving pledge: agreement between Crédite Agricole and Consorzio Balsamico Modena
Grosoli: "The ability to access credit against a pledge of goods can really make a difference for our producers"
Crédit Agricole Italia has signed a collaboration agreement with the Consorzio Tutela Aceto Balsamico di Modena which will allow associated companies to use the revolving pledge for the next marketing... more
Economy and financeMare Aperto: new systems for water recovery
The announcement on the occasion of the World Water Day
For Mare Aperto, a company attentive to sustainability in the sector of fish preserves, water management is one of the key aspects of its industrial process, as an integral part of its commitment to the... more
Economy and financeCaviro presents the second sustainability report
555 thousand tons of managed agro-industrial waste per year and total energy self-sufficiency
82,000 tons of C0 2 of fossil origin, equivalent to the absorption capacity of a forest of 19,000 hectares, an extension greater than the city of Milan: this is the saving of C0 2 emissions into the atmosphere... more
Economy and financePedon closes 2020 with a positive sign
Strengthening the presence in its reference market of legumes, cereals and oil seeds
Positive trend for the Venetian company Pedon, specialized in the production of legumes, cereals and seeds, and today oriented towards products with a high service content, such as snacks and quick solutions,... more
Economy and financeCantina Bolzano records a slight decline in 2020
The company resists thanks to the retail and online food trade
In the commercial year 2019/2020 (from 1 August 2019 to 31 July 2020) Cantina Bolzano recorded a slight decrease, while from 1 August 2020 the negative decline was slightly accentuated: this is attributable... more
Economy and financeAgropharmaceuticals. Gowan launches takeover bid on Isagro
The Italian company will be integrated into the activities of the American group and delisted
The American group Gowan will acquire the entire capital of Piemme, the holding that controls Isagro, a Lombard company that operates worldwide in the agropharmaceutical market. Gowan is based in Arizona... more
Economy and financeIntesa Sanpaolo supports the Ortofruit supply chains
Producers will be able to count on the advance of the value of the harvest
Agreement between Intesa Sanpaolo and Ortofruit Italia to advance the liquidation value of the fruit and vegetable harvest to the associated farms. The initiative is part of Intesa Sanpaolo's Supply Chain... more
Economy and financeCrédite Agricole, the first Italian green bond issue
Bonds for € 500 million with a duration of 12 years
Crédit Agricole Italia strengthens its commitment to the environment through the first Italian issue of Guaranteed Banking Bonds (OBG) in Green format for € 500 million with a duration of 12 years. Th... more
Economy and financeAgricultural machinery: Sace and Cdp support Antonio Carraro
€ 7 million loan for the growth of company, excellence of Made in Italy
Cdp and Sace sign an operation that supports the growth of Antonio Carraro SpA, a Padua-based company among the world leaders and excellence of Made in Italy in the strategic sector of agricultural machinery... more
Economy and financeLabels, Italy seeks international allies against the Nutri-Score
Minister Patuanelli said this when speaking in Parliament
"We are organizing together with some European countries that, like Italy, are fighting against the introduction of an absurd traffic light classification of front-pack nutrition labeling. This will be... more
Economy and financeAgritech, the new investment vehicle of the Italian Fund
Collection target of 700 million euros
The Board of Directors of Italian investment fund SGR, chaired by Andrea Montanino and led by the CEO Antonio Pace, presented the progress of a new fund called “Agritech & Food”, entirely dedicated to... more
Economy and financeWine revolving pledge: agreement between Mps and the Franciacorta Consortium
Opening of current account credit to give liquidity to wineries with an innovative tool
Banca Monte dei Paschi di Siena and Consortium for the Protection of Franciacorta Wine recently signed an agreement for the revolving pledge on wine to facilitate investments by member companies at a time... more
Economy and financeBonduelle: first Half Year 2020-2021 Financial Results
And now it's aiming for B Corp certification
Bonduelle has put out the First Half Year 2020-2021 financial results. The 2020-2021 half-year financial statements were approved by the General Partner, then reviewed by the Supervisory Board of February... more
Economy and financeBerkel, 2020 turnover exceeds 19 million euros
+ 20.6% first two months of 2021; target + 50% in 5 years
Berkel, the historic brand of slicers acquired by the Rovagnati Group since 2014, closes 2020 with a growth of 6% in turnover, which reaches over 19 million euros despite the difficult situation in the... more
Economy and financeIdea Agro bets on future's agriculture
Exclusive interview with the fund administrator, Pier Felice Murtas
The Idea Agro investment fund, managed by Dea Capital Alternative Funds with the support of the advisory firm Ettore Fieramosca, specializes in selecting promising opportunities in the agricultural / agro-industrial... more
Economy and financeTpp Capital Holdings Launches Urban Agriculture Fund
Investments are aimed at social promotion in slums
The fund will focus on creating sustainable, vertically integrated food businesses in the Black majority neighborhoods of the US. more
Economy and financeBialetti, the rally on the Stock Exchange doesn't stop
Negotiation activities continued with lending banks and investors on the group's restructuring
The race for the title of Bialetti continues, which today in Piazza Affari closed at + 6.36%, after being the best title in Milan also last week with an increase of 36.15%. The news on the group, at the... more
Economy and financePictet-Clean Energy winner of the "Esg Champions" award
The company recognized as the "best environmental fund"
Prize conceived by Mainstreet Partners to select the champions of sustainability among 350 strategies. more
Economy and financeThe turnover of Roncadin frozen pizzas is growing
It reaches 140 million euros, + 16.6% compared to 2019
2020 for Roncadin, a company from Meduno (Pn) specialized in the production of frozen pizzas for the Italian and foreign markets, closed with a plus sign. In fact, its turnover reached 140 million euros,... more
Economy and financeArtisan Partners goes against Danone
The fund is a minority shareholder with approximately 3% of the shares
The investment firm Artisan Partners has requested that changes in governance and strategy be made in Danone through a letter addressed to one of the board members of the French food company, Gilles Schnepp.... more
Economy and financeCovid slows down the Rigamonti bresaola race
The company closes 2020 with a turnover of 122 million euros
In the annus horribilis for the bresaola sector, characterized by an ongoing pandemic and by increases in the price of raw materials, Rigamonti closes 2020 with 122 million euros of net turnover. The managing... more
Economy and financeA 2020 to forget for Autogrill
Revenues down by 60%, turnover down by 59.8%
Preliminary data for 2020 published. more
Economy and financeCarlsberg, more and more "Towards Zero"
Sustainability report published, Co2 emissions down by 7%
The Carlsberg Group's 2020 sustainability report shows important progress towards achieving the objectives set by Together Towards Zero, the Group's sustainability strategy. Carlsberg recorded a 7% decrease... more
Economy and financeKraft Heinz closes 2020 in profit
Revenues and profitability grow in the 4th quarter, sharp decline in profit for fiscal year 2020
Net sales increased by 6.2% in the fourth quarter more
Economy and financeNewlat Food, the bond is full
Bond issue for 200 million just signed, with Cdp anchor investor
The Italian sovereign fund Cassa Depositi e Prestiti (Cdp), in synergy with Sace, supports the growth and development plans in Italy and on the international markets of the Newlat Group, subscribing as... more
Economy and financeDeA Capital: divestiture of remaining stake in Migros completed
Overall capital gain of over 70 million euros
DeA Capital SpA announces that its subsidiary Kenan Investments (approximately 17% of the capital) has completed the sale, through accelerated book-building, of the residual stake held in Migros (equal... more
Economy and financeA coffee for Taste of Italy 2
The fund takes over the majority of Caffè Cellini from Pieri family
Taste of Italy 2, a private equity fund specialized in the agri-food sector, managed by DeA Capital Alternative Funds Sgr, has acquired a majority stake in Ekaf Spa, the largest Ligurian roasting company,... more
Economy and financeCarlsberg, 2020 sales drop of 8.4%
The Group estimates a growth in operating profit in 2021 between 3% and 10%
The Carlsberg Group has disclosed the financial results for the full year ended December 31, 2020. Overall, organic revenues reported a -8.4% amounting to 58,541 million Danish crowns. The total organic... more
Economy and financeHershey: sweet 2020, despite the Covid
Consolidated net sales of $8,149.7 million (+2.0%), net income of $1,278.7 million (+11.9%)
The Hershey Company has disclosed the financial results for the full year ended December 31, 2020. Consolidated net sales of $8,149.7 million, an increase of 2.0%, 0rganic, constant currency net sales... more
Economy and financeMilan Stock exchange, Draghi's effect on Piazza Affari
Unanimous positive opinions from financial analysts
The news of the assignment entrusted to Mario Draghi by President Sergio Mattarella to form a new government has certainly had a significant impact on the main Italian indicators. On a day that sees all... more
Economy and financeAsiago cheese grows "responsibly" in 2020
Production grows of 11% despite pandemic
The Asiago cheese protection consortium declares for the year 2020 responsible growth. The overall production of Asiago Dop, in the twelve months of 2020, responded proactively to the new needs and effects... more
Economy and financeNewlat: bonds up to 200 million
Resources to support the M&A strategy in food & beverage sector
The board of directors of Newlat Food SpA, which met today, approved the issue of an unrated, unsecured, non-convertible and unsubordinated senior bond loan for a minimum value of Euro 150 million and... more
IndustryBarilla acquires Canadian Catelli dry Pasta
An operation of approximately 107 million euros
On 29 January Barilla completed the closing of the acquisition of Catelli dry Pasta in Canada from the Spanish giant Ebro Foods. The agreement includes the Catelli, Lancia and Splendor brands and the plant... more
IndustryOrsero expects revenue consolidation
Group approves budget projections for the year 2021
On the basis of the budget projections approved for the 2021 financial year, the board of directors of Orsero SpA communicates, in continuity with the previous year, the guidance with reference to the... more
Conserved and jamsPolli towards 150 years of history
Of the 70 million jars of pesto produced, 60 are destined for export
Founded in 1872, the Tuscan company Polli will cross the milestone of 150 years of history next year. Always present in the field of pickles and pickles, in 2020 it recorded a turnover of 118 million euros... more
Catering and hospitalityPellegrini Restauration acquires MyMenu
The food delivery operator will maintain operational independence with its own brand
Following a global trend that increasingly aims at enhancing the distribution of ready meals (see, for example, the acquisition of Mindful Chef by Nestlé ) Pellegrini announces the acquisition of majority... more
BeverageDiageo communicates an encouraging recovery
Interim financial results for 2021, half year ended 31 December 2020
"We performed well, despite a very challenging operating environment, characterized by organic growth in sales during the half-year analyzed. We quickly moved towards new channels that could represent... more
Economy and financeLess and less food on Milan stock exchange
Delisting for Ima and Massimo Zanetti Beverage Group
After 25 years of listing, Ima, the multinational of automatic machines and packaging of Ozzano Emilia leaves Milan stock exchange after the success of the takeover aimed at delisting launched by the shareholders... more
IndustryStarbucks: revenue in red in the first fiscal quarter
Recorded a 5% drop
Starbucks Corporation reported results for the first quarter of fiscal year 2021, in which earnings exceeded analysts' estimates for the fifth consecutive quarter, but revenue did not meet the Group's... more
Economy and financeState aid: extension and raising of ceiling of the Temporary framework
Expiry date set at 31 December 2021
The European Commission has announced the decision to extend the temporary framework on state aid adopted on 19 March 2020 to support the economy in the context of the Covid-19 epidemic, until 31 December... more
IndustryDe' Longhi: strong growth in 2020 preliminary revenues
Double digit in all macro areas, with the exception of Meia area
In 2020 the De' Longhi Group achieved revenues of about € 2.353,1 million, above expectations and equal to a growth of 12% (13.9% in organic terms) and of 12.5% normalized, after a fourth quarter growing b... more