Economy and finance
797 news found
Economy and financeCortilia: new 34 million round and transformation into a B-corp
Renzo Rosso enters the capital and the board of directors
Cortilia, announces conclusion of a new round of investments worth 34 million euros, underwritten by the existing shareholders and by Red Circle, and the transformation into a benefit company. Red Circle... more
Economy and financeBreeding and climate change: the final report of Life Forage4Climate project
Techniques to reduce GHG emissions and increase soil carbon uptake/Report attached
Everyday we have signs of the climate that is changing: temperatures higher than the seasonal average, extreme events such as water bombs and heat waves and agriculture pays the consequences, with droughts... more
Economy and financeBanca Generali invests in Treedom
The Florentine start-up is focused on reforestation
Treedom, a Florentine startup focused on reforestation, collected a 3 million euro investment from Banca Generali, subscribed through its 8A + Real Innovation fund. The investment is part of BG4Real, the... more
Conserved and jamsCampbell's sells bread to Jimmy's Cookies
The biscuit maker will acquire the Ecce Panis brand
After the Kelsen biscuits, sold to Ferrero (see EFA News article of 12-07-19 ) and the sale of the Australian snack business unit Arnott (see EFA News article of 02-08-19), Campbell Soup Company has signed... more
IndustryThistle raises $10.3 million in the series B funding round
The organic food company aims to expand its customer base in 2021
Thistle, the San Francisco-based meal delivery service, raised $ 10.3 million during a Series B funding round led by PowerPlant Ventures. The latter was joined by Siddhi Capital, Alumni Ventures Group... more
IndustryFrance: Innatis acquires Domaine des Coteaux
The fruit company expands its range and diversifies its summer stone fruit production
French fruit company Innatis acquired stone fruit producer Domaine des Coteaux for an undisclosed sum. Since its foundation in the 1950s, Innatis has distinguished itself for its production, packaging... more
Cheese and dairy productsDairy products ranked 1st in the cart of Italians
In 2020, milk, yogurt and cheeses saw sales grow by 8.4%
Boom in food & beverage spending in 2020: the lockdowns that have occurred during the year and the restrictions imposed to contain the pandemic, have led Italians to spend more time at home and, therefore,... more
Economy and financeBorges closed the fiscal year with a consolidated profit of 23.7 million
In 2021, the Catalan oil and condiments group celebrates 125 years of history
Despite having recorded a very complicated second half, due to the effects of Covid 19, the Borges International Group achieved a consolidated net result of 23.7 million euros, which will also be used... more
IndustryAryzta sells the remaining stake in Picard
Agreement with Lion Capital and Invest Group Zouari for approximately 24 million euros
Food company with global interests Aryzta has reached an agreement with Lion Capital and Invest Group Zouari (Igz) to sell its remaining 4.64% stake in Picard for approximately € 24 million. In 2019, A... more
Catering and hospitalityFoodtech: Deliveristo closes a 4.5 million Euro round
Agreement with United Ventures to digitally connect suppliers and restaurateurs
Deliveristo, the company that connects Italian producers and distributors with the world of restaurateurs through a virtual market, has closed a Series A investment round of 4.5 million euros with United... more
Economy and financePamplona Cap Management acquires Signature Foods
Financial terms of the deal were not disclosed
Pamplona Capital Management has agreed to acquire Signature Foods from the private equity firm Ik Investment Partners. Signature Foods is a frozen ready meals company with an offer ranging from creams... more
IndustryAcqua Sant'Anna, 10 million investment in technology
By February 2021, the company's laser-guided robots will reach 45 units
Alberto Bertone, president and chief executive officer of Acqua Sant'Anna, announces the investment of 10 million euros aimed at expanding the range of LGV robots and the purchase of a new bottling line,... more
MeatsGlobal meat market 2020: the FAO outlook
337.3 million tons (-0.5%) produced, expected drop in production, mainly in Asia due to PSA
Attached is the FAO "Food Outlook - Biannual Report on Global Food Markets" more
IndustryCariplo Factory and BacktoWork support startups in crowdfunding
Advice, training and preparatory services for raising capital
The partnership between Cariplo Factory, the innovation hub created by the Cariplo foundation in 2016, and BacktoWork, an equity crowdfunding platform, is underway to support startups during the process... more
BeverageSorghum production in Italy increases
Naturally gluten-free cultivation, 3,859,000 quintals produced in 2020
Sorghum production in Italy increases. According to the latest Istat data, in 2020 the cultivated area reached 53,934 hectares compared to 46,799 in 2019, equal to a total production of 3,859,000 quintals... more
BeverageAB InBev, turnover up by 4%
The company embraces trends and focuses on premium and superpremium products
The Group in Italy contributed 13%, in terms of value, to the growth of the beer market in the January-October period. more
Conserved and jamsCampbell, 1st quarter revenue increase of 7% from soup sales
Strong growth recorded in United States and Canada
Campbell Soup Company recorded a 7% increase in first quarter net sales to $ 2.34 billion during what it calls the "heart of the soup season". During its first quarter of fiscal year 2021, the company... more
WinesToso wines will also be uncorked in Ukraine
With the support of Sace. Also Russia, Kazakhstan and Belarus in the future of the Cuneo winery
With the support of SACE, Cuneo-based Toso SpA has finalized an operation for the supply of products to a leading Ukrainian company, specialized in the wholesale and retail trade of wines and dairy products... more
Economy and financeCft Group passes to Ats, for a company value of 166 million euros
The Canadian company submits a voluntary offer of € 4.60 per share in cash
Automation Tooling Systems (Ats), a Canadian company that designs and builds factory automation systems, will acquire global food and beverage equipment supplier Cft Group - a Parma based company, liste... more
IndustryUnilever completes the unification process, becomes a UK listed company
It will maintain listings on the Amsterdam, London and New York stock exchanges
Unilever has completed the legal unification of its group; Unilever Plc will operate under a single parent company from today. Since its establishment in 1930, the company has been owned by two different... more
Economy and financeKatoo closes a € 3 million round
Among the international investors Flash Venture, Otium Capital and Marcos Alves Cardoso
Katoo, the startup that simplifies and improves the relationship of restaurants with their suppliers, has closed a € 3 million investment round with several international investors, including: Flash V... more
IndustryDe′ Longhi acquires Capital Brands for $420 million
US first market of the Group, aggregate turnover $500 million
De 'Longhi has reached an agreement with the affiliates of Center Lane Partners to acquire Capital Brands Holdings, Inc., one of the leading companies in the personal blenders segment with the Nutribullet... more
Economy and financeIeg, financial statements for the first nine months of 2020
Stop of exhibition activity brings total revenues to -46.8%
For Italian Exhibition Group (Ieg), the company born from the merger of the Rimini and Vicenza fairs, the first nine months ended on 30 September 2020 with total revenues of 68.2 million euros, down 46.8%... more
IndustryCovid does not stop Barry Callebaut, sales resumed in the 4th quarter
Recovery of 4.3%, as anticipated by the company at the beginning of the year
Barry Callebaut confectionery company founded in 1996 from the merger between the Belgian chocolate producer Callebaut and the French confectionery company Cacao Barry, after a 14.3% decline in revenues... more
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