EFA News - European Food Agency
4,532 news found
Cheese and dairy productsBritish acquisition for Newlat Food
Acquired Symington's Group for over € 62 million
The Italian food company Newlat Food of Reggio Emilia, controlled by the Mastrolia family, has acquired the food and snack manufacturer Symington's Group, based in the UK, for a total consideration of... more
Government actsBalsamic Vinegar, Italy activates infringement procedure against Slovenia
Bratislava wants to transform the name “balsamic vinegar” into a product standard
The Italian Government has activated the infringement procedure pursuant to art. 259 TFEU against Slovenia for the protection of Balsamic Vinegar of Modena PGI. "The initiative - explain from the Consortium... more
Economy and financeReal estate. Dea Capital signs JV with Harrison Street in Spain
To build housing complexes intended for rent with advanced all-inclusive services
DeA Capital S.p.A., Italy's leading independent alternative asset management platform with a significant pan-European presence, and Harrison Street, a leading investment management firm dealing exclusively... more
WinesMasi Agricola closes the 1H22 with strong growth
The Boscaini family is preparing to celebrate the 250th harvest
Masi Agricola closed the half year 2022 with net revenues up 26.2% to 36.9 million euros. Ebitda reaches 8.4 million euros, against 5.4 million euros in the first 6 months of 2021, while net profit reaches... more
Catering and hospitalityDomino's Pizza, goodbye to Italy
All 27 premises of the chain that landed in Italy in 2017 are closing
Domino's Pizza Italia, after submitting an application for protection for the negotiated settlement procedure (pursuant to Article 5 of Italian Legislative Decree 118/21, similar to the American Chapter... more
FairsFico Eataly World loses 3 million euros
Visitors down, but revenues increased with a mandatory ticket
In 2021 Fico Eataly World, the large theme park in Bologna entirely dedicated to food, closed the balance sheet with a turnover of 12 million euros, and 3 million losses, with an average of visitors ranging... more
NewsNutri-Score banned by Italian Anti-trust authority
Carrefour will only be able to use it with special warnings for consumers
The Italian Competition Authority, AGCM, announced on Thursday 4 August that Nutri-Score can not be used in Italy without some warnings for consumers, and obliged Carrefour and other distributors using... more
FairsB/Open + Sol&Agrifood: Veronafiere's match made in heaven
Joint edition 2023 for the two events dedicated to b2b bio and to high-quality food farming
Veronafiere enhances its bio selection in the high-quality food farming sector and making the third edition of B/Open, b2b's exposition sole dedicated to organic, together with Sol&Agrifood, international... more
NewsCarrefour Italia won’t carry out Nutriscore on Italian products, PDO and IGP
In compliance with the Antitrust resolution that bound the group to use it rarely, informing consumers
Carrefour Italy is lining up with the instruction of the Antitrust Autorhity on the Nutriscore issue, the new ‘traffic light’ labeling that could possibly be imposed by the UE on food, which continues to... more
DistributionMarr, strong growth in the 1HY
Revenues of 874.3 million, net profit of 10.5 million
The Board of Marr, a company of the Cremonini group, leader in Italy in the distribution of food and non-food products to the foodservice, approved the half-year report as at 30 June 2022. The Rimini company... more
IndustryBayer increases revenues in the quarter and reduces losses
Leverkusen's group set aside 700 million for the Monsanto lawsuit in Oregon
Bayer achieved substantial growth in the second quarter of 2022: the Group sales increased by 9.6 percent to 12.819 billion euros on a currency- and portfolio-adjusted basis. EBITDA before special items... more
Economy and financeStarbucks, financial report better than expected
Record trimester at more than 8 billion dollars, 9% rise
Starbucks reported results exceeding expectations for the fiscal third quarter ended July 3, 2022. Sales of coffee drinks helped push the coffee giant's revenue to a quarterly record of $ 8.2 billion,... more
BeverageABInBev, revenue increasing by 11,3%
The Belgian beer colossus’ total volume up 3,4%
The Belgian beer producer AB InBev has registered a revenue growth of 11,3%, totaling 14,79 billion dollars in the second trimester (around 14,5 billion euros), compared to the 13,54 billion dollars (more... more
DistributionIVS Group (vending): acquisitions in Italy and Spain
Modena Distributori and Automatics Companys take over
IVS Group informs that has completed two small acquisitions, in Italy and Spain, that will increase and optimize the geographical coverage and logistic efficiency of the group in the markets already served. In... more
Pasta and bakery productsThe Italian food excellence Group is born
Between acquisitions to create an Italian pole of fresh pasta, gnocchi and other high quality goods
Aksìa Capital V has announced the creation of the Italian food excellence Group. After completing the acquisition of Masters in 2021, Ifex today completed three new acquisitions: Buona Compagnia gourmet,... more
IndustryDe' Longhi, revenue growing during 1HY
Revenue of over than 1,44 billion net earnings at 71,7 million
De 'Longhi closed the first half of 2022 with revenues of over € 1.44 billion, an increase of 0.9% compared to the first six months of 2021. EBITDA stood at € 149.1 million, equal to 10,3% of revenues and... more
Oils and condimentsGreat year for Modena's traditional Balsamic Vinegar
60% increase of the product
It's considered a made in Italy agri-food excellence, known and appreciated everywhere in the world. We're talking about the traditional Balsamic Vinegar PDO (protected denomination of origin) from Modena,... more
WinesIG Prosecco DOC recognized in New Zealand
Thanks to the recent bilateral agreement with the European Union
"A few months ago we celebrated the registration of the" Prosecco "brand in China - announces Stefano Zanette, president of DOC Prosecco - today we toast the recognition of IG Prosecco as part of the bilateral... more
IndustryColussi Ermes becomes yankee
Middleby Corporation buys the brand the produces washing systems for the food industry
'We have thought and reflected for years about this decision, but it's for the best. For the brand, to make it grow further, and for my family, of which not only my children are part of, but also 200 employees'.... more
CoffeeIllycaffè, semester growing
Revenue growing by 21% on 2021: increase on horeca
'We're very satisfied of the 2022 first semester's results'. Without mincing words, states Cristina Scocchia, CEO of Illycaffè, on the financial report of 2022'a first semester, closed with revenue increased... more
Catering and hospitalityAutogrill, first 2022 semester still under pre-covid levels
Revenue increasing by 78%, but losses crash to 37,4 million
"Despite a scenario still characterized by high uncertainty, the Autogrill group sustained the momentum of last year even in the first half of 2022, demonstrating the great resilience of its business model".... more
CoffeeNespresso launches 'Cafecito de Puerto Rico'
The brand stands by farmers with the project 'Reviving origins'
Nespresso launches 'Cafecito de Puerto Rico' in Italy, its first Puerto-rican coffee. The new product is part of the 'Reviving origins' project, that aims at renovating the coffee production in regions... more
CoffeeCaffè Borbone, profit falls in the half year (-27%)
Turnover grew (+ 3.7%), but the cost of raw materials weighed on the EBITDA
From the half-year report presented by Italmobiliare, the financial data of Caffè Borbone, a 60% subsidiary, emerged. At 30 June 2022 the Neapolitan company closed the first half of 2022 with a turnover... more
NewsThe first ship loaded with grain left Odessa
The unblocking of ports reopens to trade in Ukrainian cereals: 16 merchant ships ready to sail from the 3 ports
The first ship loaded with grain left today from the Ukrainian port of Odessa. The freighter, flying the flag of Sierra Leone, left the quay this morning with its precious cargo of cereals that it will... more
Fruit and vegetablesOrsero acquires two French company
The Ligurian group buys Blampin for €32M and Capexo for €44.6M
Orsero has signed two important exclusive agreements for the purchase of two French companies. The first concerns 80% of the capital of Blampin, the operating holding at the head of a group focused on... more
Packaging and logisticsBain Capital and BC Partners invest in Fedrigoni
The packaging group valued at 3 billion euros
Bain Capital private equity together with the BC Partners fund, one of the largest international investment companies, have signed a partnership agreement for the control of Fedrigoni, a Veronese group... more
Economy and financeMorato acquires NtFood
The Veneto group, leader in industrial bakery, grows in the production of gluten-free products
Morato continues its growth strategy by external lines with the acquisition of the majority stake in Nt Food, a Tuscan company specializing in gluten-free baked goods. The economic terms of the transaction... more
BiologicalFrance’s Compagnie Léa Nature invests in Bio Organica Italia
The Italian company will be aggregated to the Ekibio division of the French group
France’s Compagnie Léa Nature has completed the acquisition of a 60% interest in Bio Organica Italia and Bio Organica Farm, owned by Guadiano family. The economic terms of the transaction were not disclosed.Bio Or... more
Catering and hospitalityTamoil and Autogrill win a new 30-year concession in Switzerland
The two companies awarded the Herrlisberg Nord freeway service area in the canton of Zurich
Tamoil, the Swiss oil company, in partnership with Autogrill, has been awarded a new concession to operate the Herrlisberg Nord freeway service area in the canton of Zurich. The concession has a term of... more
Catering and hospitalityAneri's coffee points to the UK
The TriCaffè brand will be present in the San Carlo restaurants, a chain owned by the Sicilian Carlo Di Stefano
Aneri is a Venetian family famous for its wines, but has also diversified into coffee and is now aiming for Great Britain. its TriCaffé brand will be served in the restaurants and corners of San Carlo,... more
Economy and financeCrédite Agricole Italia: agreement with Confagricoltura
Focus on investment projects dedicated to young farmers
New action plan prepared by Crédit Agricole Italia and Confagricoltura in support of the Italian agricultural sector, with the aim of supporting companies put to the test by the persistence of drought... more
FairsIn May 2023 the first edition of Sigep China
Organized in Shenzhen by IEG in collaboration with Koelnmesse
It is scheduled for May 10-12, 2023 at the Shenzhen World Exhibition and Convention Center the first edition of Sigep China, the South China international fair dedicated to ice cream, pastry, bakery, coffee,... more
Cheese and dairy productsLactalis acquires Ambrosi
Big shot for the French giant, number 1 in the world
If it is not a monopoly In Italy, we are close to it. After Invernizzi, Locatelli, Galbani, Parmalat, Nuova Castelli, the French group Lactalis, controlled by the Besnier family, signed an agreement with... more
Economy and financeSpain, private equity tour on Natra
Investindustrial sells the chocolate giant to CapVest
The investment holding Investindustrial (chaired by Andrea Bonomi) through the newco World Confectionery Group, has decided to sell the ownership of the Spanish chocolate giant Natra to funds managed by... more
WinesChina and India in full champagne
Bubbles regain their share after covid: estimates up 64% in ten years
“I am convinced that champagne will soon reach record sales, intercepting new markets and new types of consumers”. This is supported by Luigi Sangermano, CEO of Laurent-Perrier Italy. Hers is not the sim... more
DessertsIcam, more social and environmental sustainability
The chocolate company reduces emissions by 10% and triples self-produced energy
CO2 emissions reduced by 10% and growth in the amount of self-produced energy. These are the two main figures of the fourth sustainability report of Icam, a company from Orsenigo (Como) specialized in... more
Cheese and dairy productsGranarolo detects 60% of Latticini G. Cuomo
It is strengthened in the pasta filata and rationalizes production in the center-south of Italy
Granarolo took over 60% of Industria Latticini G.Cuomo S.r.l., a family business in Agro Pontino (Latina, close to Rome) with a great dairy tradition, for over 110 years focused on the production of mozzarella,... more
AgrifoodBf takes over Bia, a leader in couscous production
The investment is 20.5 million euros
Bf Spa, the controlling holding of Bonifiche Ferraresi, has signed a contract for the purchase of the entire share capital of Bia Spa by Alto Partners Sgr (owner of 95% of the capital of BIA) and by Gescad... more
DistributionIVS Group acquires 26% of Vendomat S.p.A.
The price of the transaction is equal to Euro 12.5 million
IVS Group informs that has completed the acquisition of 26.0% (26.7% net of treasury shares) of Vendomat S.p.A., a reseller of products to small and medium sized companies in the vending sector, mostly... more
TraditionsCarlo Petrini leaves Slow Food after more than 30 years
The new president is Ugandan Edward Mukiibi
From the VIII Slow Food International Congress, held on July 16 in Pollenzo (Bra, Cuneo), a profound change and regeneration emerged for the association founded by Carlo Petrini more than thirty years... more
SustainabilityFerrero improves its sustainability goals
The path taken has been featured in the Group's 13th report
The Ferrero Group is moving accordingly to their sustainability goals. The state of 'work progress' was featured in the group's 13th Sustainability Report, that highlights the steps taken towards the environmental... more
Economy and financeColdiretti-Philip Morris settlement for the tobacco production chain
Around 1000 businesses involved, between Tuscany, Umbria, Campania and Veneto
The settlement between Coldiretti and Philip Morris Italy was signed in Rome, to guarantee the continuity of investments on Italian tobacco in 2022. The agreement will concern more than 20 thousand tonnes... more
Ice creamGelato d'Italia (Indian), sold to a Turkish-American fund consortium
The Reggio Emilia group was controlled by Idea Taste of Italy and the Olivi family
An unprecedented Turkish-American alliance makes yet another shopping for an Italian industrial brand. The investment funds of the American Davidson Kempner Capital Management LP and the Turkish Afendis... more
PeopleFindus, Fröhner is the new General Manager for Italy
With Nomad Foods since 2015, he was head of Austria so far
Felix Fröhner, born in 1972, of German origin, is the new General Manager of Findus for Italy. Joining Nomad Foods (the British group that owns the Findus brand) in 2015, Fröhner held the role of General M... more
AgrifoodDurum wheat: Italian production falls
The 2022 estimates disclose 3,5 tonnes, with a 5,5 tonnes requirement
Yet other bad news regarding Italian durum wheat, at the center of economic and agri-food attention in this crisis season. Italmopa, the Italian Millers' Industrial Association (Federalimentare-Confindustria)... more
DistributionBelgium-Luxembourg: Delhaize joins forces with Intermarché
And he will leave Carrefour at the end of the year, which, however, is already designing a new strategy
The Delhaize and Intermarché groups, giants of large-scale distribution in Belgium and Luxembourg have reached an agreement that provides that purchases of consumer goods will be negotiated by a common... more
IndustryHappy Birthday, John Deere
The famous harvester made by the American brand is now 75
John Deere's having a birthday. Or rather, to celebrate the 75th anniversary is the production of the first self-propelled combine harvester, the Model 55 whose future development has changed agriculture... more
Economy and financeTomatoes: Steriltom acquires Italtom
Collected minority quotes held by Emiliana Conserve
Tomato finances: chain reactions followed after Casalasco's acquisition of Emiliana Conserve (see articolo di EFA News del 7/7/2022).Steriltom, one of the main European producers of tomato pulp for the... more
PeopleBrandt: Emre Erbas is the news European Sales Director for Specialty Products
The American Group is a leading agricultural company founded in 1953 in Illinois
Current BRANDT Senior Business Manager for CIS & MENA, Emre Erbas, has been promoted to the newly-created position of Sales & Business Management Director for Specialty Products at BRANDT Europe. Erbas... more
Mineral waters and drinksAlessandro Pasquale is the new President of Natural Mineral Waters Europe
The Association represents almost 550 natural mineral and spring water producers in Europe
Natural Mineral Waters Europe (NMWE), representing the interests of over five hundred natural mineral and spring water producers in Europe, named Alessandro Pasquale, CEO and owner of Mattoni 1873, as... more