Economy and finance
773 news found
ForeignNomad Foods acquires Findus Switzerland for 110 million euros
The transaction will unify the ownership of the Group across Europe
Nomad Foods Limited announced today that it has entered into an agreement for the acquisition of Findus Switzerland from Froneri International Ltd, and of certain properties of a Nestlé SA subsidiary... more
ForeignNestlé takes over the majority of Mindful Chef
Company producing nutritionally balanced ready meals in the UK
Nestlé announced the acquisition of a majority stake in the British company Mindful Chef in a move to strengthen its direct-to-consumer offering in the UK and Ireland. Founded in 2015, Mindful Chef offers... more
CoffeeCaffè Borbone leads the positive trend of Italmobiliare
Revenues at 51.5 million, up 27% in the 3rd quarter; 155.8 + 23% in the first nine months
The board of directors of Italmobiliare SpA approved the additional periodic financial information as at 30 September 2020. During the first nine months of the year, also in light of an overall positive... more
Economy and financeNutella Biscuit, the best-selling biscuit in Italy
One billion individual biscuits sold, also "in tubes" from 2021
One year after its launch on the Italian market, Nutella Biscuits breaks through the wall of 1 billion biscuits sold in Italy. Ferrero had assumed to reach 25 million packages sold, more than 47 million... more
DistributionThird quarter Kraft Heinz, sales growth in all sectors
Up 6%, reached $ 6.44 billion thanks to "at home" consumption
The Kraft Heinz business report for Q3 2020 shows net sales growth across all six consumer platforms as families continue to eat and cook more at home. Thanks to sustained at-home consumption in the third... more
ForeignMondelēz International 3Q2020 results
Net revenues + 4.9%, gross profit increased by 276 million dollars
Mondelēz International, today reported the company results for the third quarter of 2020. "Our third quarter performance was strong across all key metrics, with broad-based revenue growth as demand remained... more
BeverageAB InBev: sales increase, +12.8 billion dollars in the third quarter
Positive performance in Brazil and the United States, Colombia and South Africa in down
AB InBev recorded an improvement in the number of sales in the third quarter, driven by the continued strength of the premiumisation trend with innovations such as seltzer Bud Light having a positive impact... more
IndustryFerrero and Climate Change: new 2030 sustainability goal
Latest evolution of the "Care for the Better" commitment
The Ferrero Group has published its 11th sustainability report as the latest evolution of its "Care for the Better" commitment. In the Report, Ferrero outlines ambitious new goals to reduce its carbon... more
BeverageHeineken will purchase the Asahi brands
It brings together the Strongbow global portfolio
Heineken has signed an agreement to acquire five beer and cider brands from Asahi Beverages, an operation that will meet the conditions for Asahi's purchase of Carlton & United Breweries (Cub). The condition... more
Economy and financeMichal Ron (Sace) elected president of the Berne Union
The challenge: to find strategies to support exporters and banks in our economic context
Michal Ron , Sace's chief International officer, was elected president of the Berne Union (International Union of Export Credit and Investment Insurers). The non-profit association currently represents... more
LiqueursDiageo acquires the British company Chase Distillery
Objective: to grow economically in the premium spirits category
Diageo has officially finalized the acquisition Chase Distillery, a British producer of gin and vodka, with the aim of growing economically in the premium spirits category. Founded in 2008 by William Chase,... more
Packaging and logisticsBrambles: regenerative supply chains by 2025
New vision and new objectives in terms of sustainability
Brambles, the supply chain solutions company operating under the Chep brand, has launched a new five-year sustainability program. Using its circular operating model, the company intends to transform the... more
CoffeeJde Peet's invests in new aluminum coffee capsules
A production capacity of + 60% is estimated
Jde Peet's, one of the largest pure coffee and tea groups in the world by revenue, today announced its intention to invest 110 million Euros (129.2 million dollars) in its global supply network through... more
BeverageRémy Cointreau acquires a stake in Champagne J. de Telmont
The details of the agreement on inventory, assets and vineyards
Rémy Cointreau, a French company engaged in the production and marketing of cognac, liqueurs and champagne, has acquired a majority stake from the champagne producer, Champagne J. de Telmont, for an undisclosed... more
BeverageNew acquisition for Carlsberg in Germany
Addition of the Wernesgrüner brewery and brand
The Carlsberg Group has signed an agreement with Bitburger Braugruppe, for the acquisition of the Wernesgrüner brewery in Saxony, Germany. The economic amount of the transaction was not disclosed. The... more
MeatsJBS parent company pleads guilty in bribery cases
Plea bargain in the US with fines of over 283 million dollars
The United States Department of Justice announced that J&F Investimentos, a Brazilian-based investment firm of which meat and poultry producer JBS is a part, has agreed to pay a $ 256,497,026 penalty for... more
Economy and financeFirst report on the impact of European incubators and accelerators
Presentation by the Social Innovation Monitor research team
The Social Innovation Monitor research team, based in the management and production engineering department of the Politecnico di Torino, will present online the results of the analyzes carried out for... more
Economy and financeCrédit Agricole Italia and Ismea support the development of Giorgio Tesi
Financing to foster the growth and support of the Group's economic activities
Crédit Agricole Italia, which has always been one of the main banks in support of the Agri-Agro sector, has provided a loan to the Giorgio Tesi company guaranteed by Ismea. The institute of services for... more
Economy and financeAquaVision 2020: biennial conference of the aquaculture sector
Event organized by Skretting and Nutreco to discuss industry challenges and opportunities
For the first time AcquaVision 2020, the biennial conference of the aquaculture sector organized by Skretting and Nutreco, took place in virtual mode. The event that has brought together decision makers... more
Economy and financeCth of the Ferrero Group acquires Fox's Biscuits
It will incorporate two manufacturing plants in Kirkham and Batley, UK
Cth, a Belgian holding affiliated with the Ferrero group, announced a definitive agreement under which it will acquire the Fox's and private label biscuits business, including some important historical... more
Economy and financeNewlat Food points to UK
Non-binding offer aimed at acquiring Hovis Holdings
With reference to the news published on the Sky News UK website, the Italian company Newlat Food Spa confirms that it has submitted to the shareholders of the Hovis Holdings Limited group a non-binding... more
BeveragePepsiCo: net revenues up 5.3%
Ramon Laguarta: "Expression of resilience of our teams in every continent"
The PepsiCo company reported a 5.3% increase in net revenue for the third quarter of 2020, reflecting the continued production of snacks and the significant improvement in its global beverage business.... more
Economy and financeLabomar supplements land on the stock exchange
Debut in the Milan Aim segment on Monday 5 October
Labomar, a nutraceutical company based in the province of Treviso and active internationally, has received the admission of its ordinary shares to trading on the Aim Italia segment of the Stock Exchange.... more
Economy and financeAmorim caps: certified quantity of Co2
Italian Valdobbiadene Producers Winery inserts the certifications in his sustainability report
Amorim Cork Italy, a company engaged in the production of corks, helps wineries to become more sustainable. In this regard, the company certified the quantity of Co2 absorbed by the one-piece cap, the... more
Economy and financeLongino & Cardenal's net result negative in 1H20
Strong impact of Covid-19 on the company specialized in the distribution of high-end food
The Board of Directors of Longino & Cardenal, a company active in the research, selection and distribution of high-end food for national and international high-end catering, approved the Consolidated Financial... more
IndustryDried fruit market: the leaders are optimistic
The INC survey shows an industry ready to restart
The survey conducted by the "International Nuts and Dried Fruit Council" shows that the dried fruit market is strong and ready to accept new production challenges. A few months after the peak of the health... more
Catering and hospitalityFood & Beverage after the pandemic
A research conducted by Coqtail Milano and Augusto Contract
What will be the new trends in the world of catering in 2021 after the pandemic? This is the question that "Coqtail Milano", the first community on Italian mixology specialized in researching trends in... more
Economy and finance"R Factor", Forum of the Economy of Romagna
Among the speeches there will be that of Joseph Stiglitz
Back with the fourth edition, "R Factor", the forum of the economy of Romagna, to be held in "Cesena Fiera", on October 16th. The event will see the participation of companies, institutions, trade associations,... more
CoffeeDe' Longhi Group: growing in the high-teens in the third quarter
Higher digits than the estimates made at the end of the first half
The De 'Longhi Group, one of the players in the small household appliance sector dedicated to the world of coffee, cooking, air conditioning and home care, estimates strong growth in sales in the high-teens... more
DistributionToo Good To Go celebrates one year in Rome
150 thousand meals saved and 375 tons of CO2 saved
The app against food waste "Too Good To Go" celebrates a year of activity in Rome, with over 150,000 meals saved and 650 participating stores. Numbers that show great enthusiasm on the part of the citizens... more
Beverage"Recycle me again": new Coca Cola slogan for a circular economy
The bottle with 50% recycled plastic
"Recycle me again" is the new Coca Cola slogan, printed on the labels of the new bottles of the company. A packaging made with 50% recycled plastic (rPET), a sign of the Group's commitment to support a... more
Economy and finance"Poty": Hexagro's technology for growing healthy and sustainable food
You can save up to 90% of water and also sow on the terrace of the house
The new agricultural technology of the startup Hexagro, born in Milan in 2017, is collecting more and more awards and is expanding in several countries around the world. The idea behind the project is... more
ForeignNorth Korea: 60% of the population risks starvation
David Beasley, head of WFP asks for funding to tackle the North Korean food crisis
Strict containment measures due to Covid-19 and a sharp decline in funding, bring the economy already abundantly at risk of North Korea to its knees. Now more than ever, the food crisis afflicts a large... more
Cheese and dairy productsNewlat, semester to be framed, also thanks to Centrale del Latte
President Mastrolia: "We aim for new acquisitions"
Newlat Food, the Italian dairy group chaired by Angelo Mastrolia, has approved the Half-Year Financial Report as at 30 June 2020. Aggregate revenues are equal to Euro 255.4 million, up 5.5% compared to... more
Economy and financeListed food parades on the Milan Stock Exchange
Nourished the patrol of companies participating in the Italian Equity Week
Record numbers for this fourth edition of Borsa Italiana's Italian Equity Week, which began today and until 18 September, for the first time in an entirely digital format, covering two weeks of meetings... more
Cheese and dairy productsBergader continues to grow in Italy
Soft cheese market share in large-scale distribution exceeds 16%
2020 represented a year of rise in Italy for Bergader, a German company specializing in dairy products that arrived in Italy since 1902. Bergader, which literally means "mountain vein", continues to invest... more
Cheese and dairy productsArla delivers strong results as cooperative steers through global pandemic
Throughout the first half of 2020 the milk price to farmer owners remained stable at a competitive level
In the first half year Arla’s global branded sales volumes grew an unprecedented 10.4 per cent and the cooperative delivered a strong and competitive performance price. more
Economy and financeFondo Agroalimentare Italiano holds €M 55 final close
Sponsored by Unigrains, the Fund accompanies the development of Italian agri-food SMEs
Fondo Agroalimentare Italiano held its final close with commitments of €M 55. Sponsored by French based holding Unigrains, the Fund’s subscribers include French, Italian and Swiss institutional investors and... more
Economy and financeNewlat Food’s institutional offering successfully closed
Offering Price fixed at Euro 5.80 per Share
Newlat Food Spa announces the successful closure of the offering period of the Shares under Newlat’s institutional offering aimed at creating the free float and listing the Shares on the Mercato Telematico A... more
Economy and financeCampari Group has reached an agreement to sell Villa ‘Les Cèdres’
The sale price of the Villa in Cap Ferrat amounts to €200 million, of which Campari Group will retain €80 million
Campari Group has reached a preliminary agreement for the sale of the real estate property ‘Villa Les Cèdres’, located in Saint-Jean Cap-Ferrat, France. The Villa had entered Campari Group’s perimeter within... more
Economy and financeTIP Acquires a stake of Elica owned by Whirlpool
The companies maintain completely unchanged the commercial relations in place for many years
Tamburi Investment Partners S.p.A., independent and diversified investment & merchant bank listed on the STAR segment of Borsa Italiana has reached today an agreement with Whirlpool EMEA S.p.A. for the... more
Economy and financeUnilever: Half-year results show consistent growth led by emerging markets
Underlying sales grew 3.3% with volume 1.2% and price 2.1%
Today, Unilever announced its results for the first half of 2019, which show underlying sales growth of 3.3%, led by our emerging market business which grew 6.2%. more
Economy and financeRiverside Acquires Galvanina, Italian Producer of Premium Mineral Water and Organic Soft Drinks
The Rimini based company is known for its healthy, high-quality, pure organic, “Made in Italy"
The Riverside Company, a Us global private equity firm, has acquired the mayority stake in La Galvanina Spa, a fourth generation, family-owned, Italian Rimini based producer of premium private label and... more
Economy and financeNomad Foods (Findus), revenue increased 15% in 1Q
The Company is reiterating 2019 guidance of approximately €420 to €430 million Adjusted EBITDA
A combination of acquisitions and price increases helped European frozen food giant Nomad Foods, the owner of Europe's Iglo, Findus and Birds Eye brands, realize a bigger first quarter in 2019.The company... more
Economy and financeUnilever announced its results for the first quarter of 2019
First quarter results show solid growth led by emerging markets
Today, Unilever announced its results for the first quarter of 2019, which show underlying sales growth of 3.1%, led by our emerging market business which grew 5.0%. more
Economy and financeGreen Arrow SGR buys majority of Labware
The Company is active in the production of integrated systems for the point of sales in the foodservice and retail business
Green Arrow Capital SGR Private Equity Team finalized the acquisition of the majority of LABWARE, an Italian company based in Civitanova M. (Macerata- Italy), which has been active for over 20 years in... more
Economy and financeCargill, third-quarter profit rise thanks to cost efficiencies
Net earnings were $566 million (+14%), revenues decreased 4% to $26.9 billion
Cargill today reported results for the fiscal 2019 third quarter and first nine months ended Feb. 28, 2019. Key measures include net earnings on a U.S. GAAP basis for the quarter were $566 million, a 14... more
Economy and financeStarbucks invests $100m in new fund to support food start-ups
Valor Siren Ventures will be managed by Valor Equity Partners
Starbucks is committing $100 million to a new investment fund, Valor Siren Ventures, which will partner with companies that are developing technologies, products and solutions in the food and retail space.... more
Economy and financeAutogrill: 2018 results; confirmed revenue growth
The highlights /Attachment
The Board of Directors of Autogrill SpA has reviewed and approved the consolidated results at 31 December 2018, including the consolidated Non Financial Information Declaration 2018The BoD approves consolidated... more
Economy and financeJAB plans to list unit of coffee brands
The deal concerns Acorn Holdings (Keurig, Dr Pepper, Peet's Coffee and JDE)
Family Reimanns owned JAB Holding Co, which has several coffee and restaurant brands is planning to list the business that owns Keurig, Dr Pepper, Peet's Coffee and JDE coffee brands, according to Reuters.... more