Economy and finance
773 news found
Economy and financePizzoli, new 100 million euro plant for frozen potatoes
The site inaugurated in San Pietro in Casale (Bologna)
A high-tech and automation plant of 40 thousand square meters covered, one of the largest in Europe for this sector, for an investment of 100 million Euros. This is what is behind the ribbon cutting that,... more
Economy and financeUnigrains Italia has entered the capital of La Prensa Etichette
With 4 factories the company produces over 8,000 tons/year of paper and plastic labels for food and beverage
Prensa Etichette opens its capital to Unigrains Italia, Bnp Paribas Bnl Equity Investments, Alexa Invest and Civesio Printing. This is confirmed by the official statement of one of the institutional investors,... more
Economy and financeEU approves 1.1 billion state aid to Italy for zero emissions economy
Supporting investment in equipment to promote the transition to a net emission-free economy
The Commission approves a 1.1 billion Euro scheme of Italian State aid to support investment in equipment "necessary to promote the transition to a zero net emission economy" according to the Green Deal... more
Economy and financeIrca (chocolate and ingredients) acquires Benetti
The operation will guarantee greater presence in the provinces of Padua and Rovigo
The Irca Group, an international leader in the production of chocolate, creams, fruit and high quality ingredients for the food sector, has signed a binding agreement for the acquisition of Benetti, Italian... more
Economy and financePermira: team to invest in climate transition
Kush Patel leads asset hunting section: a 12 billion business
Private equity firm Permira announced today that it has appointed a dedicated team "to identify investment opportunities in the climate transition value chain". The team, led by Kush Patel and another... more
Economy and financeSill Enterprises wants Knorr in France
The company has made an offer to Unilever for the field of the liquid soups
Sill Entreprises, a French company based in Plouvien, Brittany, specializing in dairy products, soups and frozen products, made an offer to Unilever for the purchase of its Knorr liquid soup business in... more
Economy and financeDole sells Progressive Produce for $120 million
Operation for organic producer that generates $ 400 mln in the USA
Dole, a US agricultural multinational based in Westlake Village, California, has reached an agreement to sell its 65% shareholding in Progressive Produce to PTF Holdings, a company owned by Arable Capital... more
Economy and financeEU agri-food: 6.9 billion euro surplus in November 2023
Exports expanding to the UK, declining to the USA and China. Brazil maintains import primacy
The European Union's agri-food trade surplus continues to grow. In October 2023, it reached 6.9 billion euros, up (+3%) compared to the previous month and November 2022 (+27%). From January to November... more
Economy and financeLactalis Italy sanctioned for unfair practices. The company resorts
The anti-fraud institute of the Agriculture ministry imposed a fine of 74,000 euros
The ad Pomella has announced its intention to meet Minister Lollobrigida. more
Economy and financeDiageo deals to sell three brands and get the accounts back
Rum Pampero, historic Pimm’s and Safari spirits would be on sale to increase profits and dividends
Diageo would be in talks to sell three brands of its products. These include the Pampero rum and the famous Pimm’s, an English drink considered a bit "snob", traditionally served at Wimbledon and polo t... more
Economy and financeThe USA against the megafusion of the two food giants Albertsons and Kroger
The $24.6 billion deal could fade due to antitrust opposition and a coalition of states
More and more clouds are gathering over the megafusion of food between Albertsons, a gigantic US grocery with over 2,200 stores and 270,000 employees, and the other giant Kroger retail chain founded by... more
Economy and financeEmirates Flight Catering makes Bustanica, the largest vertical farm in the world
The 330,000 sqm plant near Dubai Airport grows more than 1 million kilos of vegetables a year
Emirates Flight Catering, one of the largest catering services in the world, has acquired Emirates Bustanica, formerly called Emirates Crop One, and its consumer brand Bustanica, the largest vertical indoor... more
Economy and financeChina proposes itself as the new world granary
Investigation Discloses: the Country will come to hold 52% of world stocks of wheat
Not all evil comes to harm, they say. And never as in this case the popular adage has a practical application that confirms it. Because it is now clear that the war between Russia and Ukraine is good for... more
Economy and financeCarrefour closes 2023 with growing numbers
Net profit at 1.66 billion euros, sales at 94.3 billion (+10.4%), sales close to 95 billion euros
Italy was good, where sales at the same perimeter grew by 3.1%. more
Economy and financeThe five most affected food from the crisis of the logistics
A report by Lynx Purchasing puts fish, meat, fresh vegetables, oil and wine at the centre of the price rises
Meat, carrots and salad, but also fish, oil, wine. These are the foods that could increase more because of the situation in the Red Sea that has triggered a crisis of reflection in the world logistics... more
Economy and financeMutares buys the Italian Temakinho from CGR (BC Partners)
The German fund will strengthen the retail & food segment: closing in the first quarter of 2024
The German holding company Mutares informs that it has signed the agreement with Cigierre-General Catering Company, controlled by BC Partners, to acquire Temakinho, considered the Italian pioneer in the... more
Economy and financePernod Ricard, accounts down in the first half
Sales down by 7%, revenues -3%: president Alexandre Ricard reassures markets with 2024 prospects
The numbers of Pernod Ricard, or rather the assurances that regarding the same provided the president Alexandre Ricard, do (quite) well to the liquor company but above all reinvigorate the sector put under... more
Economy and financeDeA Capital RE approves management reports for Alpha and Atlantic 1 real estate FIAs
The 2023 Total Net Value of both funds is decreasing
DeA Capital Real Estate Sgr SpA announces that today the Board of Directors of the Company approved the Management Reports as of 31 December 2023 of the closed-end real estate Alternative Investment Funds... more
Economy and financeInflation drops in the EU: food under control
Commission forecast: inflation will fall faster and economy will grow more slowly
According to new forecasts, inflation in the EU will decrease faster and the economy will grow more slowly. He says the EU Economic Commission, which reports lower growth rates than expected in 2023: inflation... more
Economy and financeKraft Heinz closes 2023 well but the fourth quarter is down
In the last three months sales fell by 7.1%: the entire fiscal year closes with +0.6% of revenues
Kraft Heinz has communicated the results of the fourth trimester and the entire year 2023 closed with net sales increased of 0.6% to beyond 26,6 billion dollars. Gross profit margin increased by 280 basis... more
Economy and financeFerrero, consolidated turnover at 17 billion euros (+ 20.7%)
Investments totalling 811 million were also made in 2022/23
The Ferrero Group, through its holding company Ferrero International S.A., approved the Consolidated Financial Statements for the financial year 2022/2023, closed on 31 August 2023, closed with a consolidated... more
Economy and financeAldi, £550 million to upgrade UK stores
The investment includes the opening of stores in new locations to expand the supermarket network
In 2024, Aldi will invest over £550 million, or over €650 million, to further expand and improve its retail and distribution network. This was stated with a note the same company of British supermarkets po... more
Economy and financeUnilever, 2023 revenues improved
Turnover at 59.6 billion Euro: food +7.7%, ice cream +2.3%
"The results show an improvement in financial performance, with the return to volume growth and the reconstruction of margins". This was said by Hein Schumacher, ceo of Unilever, presenting the results... more
Economy and financeSocial housing: Dea Capital in new pan-European platform for student residences
Joint venture launched together with Camplus and Partners Group with the aim of 5000 beds
Partners Group, a global private equity firm, and DeA Capital Real Estate have established a new pan-European platform with Camplus, a leader in the student accommodation market in Italy. The JV will develop... more
Economy and financeCbre assists Fedrigoni in the sale of European assets for 280 million
The label company sells 400,000 sqm: the Italian part acquired by the Italian Industrial Real Estate Fund
The real estate advisor Cbre assisted Fedrigoni in the "sale and simultaneous lease" of the majority of the assets of the Group’s European industrial production portfolio. Most of the assets, 85%, are l... more
Economy and financeTyson foods, good results but beef is in crisis
Quarterly rise to $ 13.3 billion for the largest meat company USA: only the drop in cattle (-117 million $)
Tyson Foods posted better-than-expected results in the first quarter of fiscal year 2024. The largest US meat company has beaten market expectations regarding revenues and profits in the first quarter,... more
Economy and financeUK, billionaire hit for Morrisons supermarkets
The 5th British chain sells for £2.5 billion its 337 fuel stations to Motor Fuel Group
British supermarket chain Morrisons, the fifth largest chain in Britain, has signed an agreement with Mfg, Motor fuel group, the largest independent operator of petrol stations in the UK with 911 sites.... more
Economy and financeThe suitors come forward for Bindi
Rumors: Vandemoortele, Pai and Investindustrial fund
It seems that the sale of the FDA Group, that is the Bindi-Forno d'Asolo Group, one of the main players in the pastry and frozen bakery sector, is coming to a close in October 2023, BC Partners put on... more
Economy and financePlan Real Estate Sgr: two awards for Dea Capital
Savings management company awarded for Park West and Exploration and Production projects
The awards ceremony for The Plan Real Estate Award, one of the most important international awards dedicated to excellence in architecture, interior design and urban planning, took place in Milan at the... more
Economy and financeMondelez accounts up for the entire 2023
The multinational company closes the fiscal year with revenues +14.7%: in the fourth quarter turnover rose by 7.1%
Mondelēz International reported the fourth quarter and fiscal year 2023 results to the financial community. Net revenues for the entire year increased by 14.4% to over 36 billion dollars while, for the... more
Economy and financePrivate Equity: Preziosi Food appeals to Italians and foreigners
First expressions of interest for the company of Melfi: San Carlo, Amica Chips, Pata but also pepsico and Valeo Food
Pressing on Preziosi Food is becoming increasingly intense, after private equity funds Vertis Sgr and Hat Sgr have started the sale of the brand. The first expressions of interest in the Italian food company... more
Economy and financeSimest agrees with Confindustria Assafrica & Mediterraneo
Objective, to support investments in Africa: 200 million Euro of Italian SMEs on the table
Simest, the company for the internationalization of the companies of the Cassa depositi e prestiti Group, signed today an agreement with Confindustria Assafrica and Mediterraneo, the entrepreneurial association... more
Economy and financeThree Hills fund invests in Hispatec agrifood tech
Become a strategic partner of the Iberian company of agri-food technologies
Three Hills, a European fund specializing in the acquisition of stakes in mid-market companies, has decided to invest in the Spanish company of agri-food technologies Hispatec. By purchasing a minority... more
Economy and financeItalian Agri & Food Fund, new 225 million collection round
New investors include EIF, Intesa Sanpaolo Bank and Eurizon Capital Real Asset
Fondo Italiano d'Investimento sgr has successfully concluded a further phase of collection of FIAF, the Italian Agri & Food Fund, a sectorial vehicle dedicated to supporting the excellence of the Italian... more
Economy and financeNestlé, comes the kitkat with 100% sustainable cocoa
The new rod is produced under the Growers Income Acceleration Program
KitKat and its parent brand Nestlé become increasingly sustainable. The kitkat "Breaks for Good" made from 100% chocolate from the Income Acceleration Program (IAP) will be available on store shelves... more
Economy and financeUnifrutti buys Verfrut and aims for worldwide expansion
The Marche company (but controlled by the government of Abu Dhabi) becomes leader in Chile and Peru
The Gruppo Marche Unifrutti, a worldwide producer and distributor of fresh fruit, founded by Giulio de Nadai, but controlled since 2022 by the government of Abu Dhabi (see article by EFA News), announces... more
Economy and financeBolton: Roberto Leopardi is the new Group CEO and General Manager
A turning point in the Italian multinational producer and distributor of brands such as Riomare
Bolton, an Italian multinational in the consumer goods sector, has announced the appointment of Roberto Leopardi as new Group CEO and General Manager. In his new role at Bolton, Leopardi brings vast experience... more
Economy and financeFedrigoni, closing for the acquisition of Arjowiggins China
Paper mill produces translucent paper for food packaging
Fedrigoni, global operator for the production of special papers for luxury packaging and premium labels, completes the acquisition of Arjowiggins China, a manufacturer of translucent specialty papers increasingly... more
Economy and financeJust Eat plans to close 2023 returning to positive
Despite a global crisis, the food delivery company assumes an ebitda rise
Food delivery in crisis seeks to return to stable profitability after the pandemic boom. One example is Just Eat Takeaway, which predicts an adjusted ebitda of about 320 million Euros for 2023, better... more
Economy and finance21 Invest enters nutraceutical with Omega Pharma
The group led by Alessandro Benetton has acquired the company; the CEO Gianantonio Tomaselli remains
21 Invest, a European investment group founded and led by Alessandro Benetton with offices in Italy, France and Poland, enters the world of food supplements by acquiring Omega Pharma S r l . Italian operator... more
Economy and financeIreland, export food and beverage drops by 4
The decline in dairy products: for the second consecutive year
Ireland comes to terms with exports of dairy products. And they are not particularly bright accounts, on the contrary. In fact, according to data presented by Charlie McConalogue, Irish minister for Agriculture,... more
Economy and financeDavos Forum: Intesa Sanpaolo supports inaugural concert
For the occasion, CEO Messina reiterates the bank's commitment to combating poverty in the world
Last night, at the World Economic Forum in Davos, Carlo Messina, managing director of Intesa Sanpaolo, introduced the inaugural concert of which the bank has been a sponsor for several years. “I thank t... more
Economy and financeCandy Factory "sucks" Akellas candy
The Monk’s brand enters the portfolio of the group that expands abroad: appointed DG Marco Scurati
The Italian group Candy Factory, born in 2022 thanks to the integration of two historical Italian industrial realities in the confectionery sector such as Casa del Dolce and Liking and promoted by Fvs... more
Economy and financeMulti-billion-dollar operation: Pai Partners could sell the share in Froneri ice cream
Nestlé would keep its 50%: $10 billion valuation
PAI Partners would be considering "some options" to sell its stake in Froneri, the ice cream company it has with Nestlé and which includes brands such as Haagen-Dazs. The rumor comes from sources close... more
Economy and financeDanone closes yogurt plant in Spain
Decision to stop in Parets del Vallès north of Barcelona: 157 places at risk, unions against
Danone has decided to close its yogurt factory in Parets del Vallès, Spain, north of Barcelona. The decision, as stated by the company, was taken to increase "the competitiveness of brands" and improve... more
Economy and financeEquita inserts Marr in the Top 10 of the best picks 2024
In a volatile market the title of the Cremonini galaxy is distinguished by revenues and new investment plans
There is also Marr, a company active in the specialized distribution of food products to foodservice, among the 10 best picks shares of Equita for 2024, a year that has opened under the banner of volatility.... more
Economy and financeFedrigoni enters the English SharpEnd
The label and packaging company acquires a share in the agency for mass consumption and fashion
Fedrigoni Group, a global operator for the production of special papers for luxury packaging and premium labels, announced that it has acquired, through a capital increase, a minority stake in SharpEnd,... more
Economy and financeEdinburgh. Heineken sells historic Caledonian brewery: a residence instead
Artisan Real Estate will build 170 new apartments in place of the 1869 building
Heineken announced the sale of the Caledonian Brewery site in Edinburgh to Artisan Real Estate. The real estate developers have already submitted the application proposal, with a public consultation scheduled... more
Economy and financeThe Kretinski consortium conquers the French Casino: from today strike of the employees
Supermarket chain sells 313 stores to Czech entrepreneur for 1.2 billion euros
The waters of French retail are getting more and more agitated. To the continuous alarms on the increase of the prices and the policies undertaken in order to manage the situation add the bad news in arrival... more
Economy and financeLa Piadineria speaks English: agreement with Cvc
Restaurant chain will move from Permira to the British fund for 300 million
The last "sighting" occurred last September when we reported that Permira, a private equity company, controlling shareholder since 2018, was considering the sale of Piadinera, a chain of premises founded... more