Economy and finance
751 news found
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
Economy and financeChristmas in the UK, discount stores win
Sainsbury, Tesco and the Germans Aldi UK and Lidl GB fill up with customers due to inflation
Discount stores won Christmas. The tendency to go shopping in discount stores also to combat inflation has been right in the traditional compulsivity of the Christmas holidays, at least in Britain. To... more
Economy and financeCnh tractors complete the exit from Piazza Affari
The Exor galaxy company closes its delisting on the Milan Stock Exchange: it remains only on Wall Street
Another piece of the Agnelli galaxy leaves Piazza Affari. Cnh Industrial, the agricultural machinery company of the sphere Exor announced today that it has completed the voluntary withdrawal of its shares... more
Economy and financeE-commerce, Yakkyo listed in Euronext Growth Milan
Debut for innovative SMEs that automates exchanges with AI
It received the notice of admission to trading of its shares on EuronextGrowth Milan and debuted on Borsa Italiana today, Friday 29 December Yakkyo, Innovative SMEs that develop integrated software solutions... more
Economy and financeHaier, over $640 million in refrigeration deal
Original news The controlling of the Italian Candy takes Carrier Global: objective the expansion in Europe
The Chinese appliance giant Haier, which in 2019 acquired the Italian Candy, has announced that it will pay 640 million dollars to buy Carrier Commercial Refrigeration, the commercial refrigeration unit... more
Economy and financeHyle Capital acquires Ciemme Alimentari
Transaction concluded through the Finance for Food One Fund at its 6th investment
Hyle capital partners has announced its entry into Ciemme Alimentari, an Apulian company based in Barletta, active in the production, distribution and sale of high-end potato dumplings and supplier of... more
Economy and financePrivate equity: for sale Preziosi food
Vertis and Hat funds start the exit of the big Italian salty snacks based in Melfi
Preziosi food is for sale. According to market sources, the two private equity funds Vertis and Hat, which took over from the Giochi Preziosi group in 2016, have started the sale of the majority of the... more
Economy and financeEuroCommerce against French retail sales law
"Loi Descrozaille" denounced: would violate EU rules on free movement of goods and services
EuroCommerce, the main European organisation representing the retail and wholesale sector, has lodged a formal complaint with the European Commission. The subject of the complaint is Law 2023-221 of 30... more
Economy and financeEurostat: agricultural productivity collapse (-6.6%) in 2023
The data contrasts with the growth of the four-year period 2019-2022. Italy (+4.2%) among the countries going against the trend
According to the first preliminary data for 2023 from the economic accounts for agriculture (EAA), the index of agricultural labour productivity in the EU is estimated to have decreased year-on-year by... more
Economy and financeThe Norwegian Yara conquers the fertilizers of Italian Agribios
Objective of the operation is to expand the international offer in the field
The Norwegian Yara, one of the global leaders in the fertilizer sector, has acquired Agribios Italiana. The objective of the operation is to expand the offer in the field from the Norwegian society making... more
Economy and financeEuropean delivery is in crisis
Deliveroo, Delivery Hero and Just Eat have lost 75% of their value since 2021
Hard times, very hard, for food delivery. We know something about this in Italy where some of the main brands have raised the white flag: think of Uber Eats, the Turkish Getir and Domino’s pizza. Now, h... more
Economy and financeSegafredo, Massimo Zanetti will sell 50% to the QuattroR fund
"My family will remain the owner," says the owner of MZ Beverage Group
Massimo Zanetti Beverage Group will sell 50% of the shares to the Private equity fund QuattroR. What will happen has explained the same Zanetti, speaking to Corriere del Veneto, in fact confirming the... more
Economy and financeDelivery, another Italian victim: MyMenu surrenders
The Pellegrini group gets rid of the fast food brand: from today stop to deliveries and move to Just Eat
Food delivery reaps another viyttima in Italy. This time it’s the turn of MyMenu, operator made in Italy founded in 2013 by Edoardo Tribuzio in Padua. The company was acquired in 2021 by the Pellegrini g... more
Economy and financeRana pasta factory: Italian Mimit authorizes EUR 78M agreement
For an industrial development program with positive repercussions on the production chain
An impact of over 180 million is expected. Among other things, the company will transfer the production of ready meals from Belgium to the Moretta (Cuneo) plant. more
Economy and financeIsa acquires participation in Ethica Wines
The Trentino development institute joins the capital of F&F Fine Wines, one of the players in the export of Italian wines to the USA
Isa, the Atesino Development Institute (Isa), joins the capital of F&F Fine Wines, one of the most promising companies in the export market of Italian wines to the USA, Canada and Asia-Pacific. It does... more
Economy and financePrivate equity. Quadrivio acquires Isa (zootechnical technologies)
The subsidiary Ska aims to become an aggregator hub for the sector
Quadrivio Group, through its Vicenza-based subsidiary Ska (poultry systems), has announced the acquisition of Isa Srl and Isa Montaggi Srl, an Italian group from Erbé (Verona) which produces steel structures... more
Economy and financeNestlé develops in China N3, milk powder with probiotics
New range produced with cow’s milk enriched with essential nutrients
Nestlé has presented a new range of milk powder in China: it is called N3 and is produced with cow’s milk enriched with essential nutrients. The range includes a variant based on whole milk and one ba... more
Economy and financeEataly, back to profit
The announcement made by CEO Cipolloni: new opening in Rome Termini Station
Eataly expects to close the year in profit, beyond any devaluations. The hypothesis is to close 2023 with an ebitda of 41 million Euros compared to 25 million last year. This is what ceo Andrea Cipolloni... more
Economy and financeCulligan is drinking Primo Water
Operation worth 575 million dollars
Primo Water, a supplier of sustainable drinking water solutions in North America and Europe, has signed an agreement with Culligan International that will acquire a significant part of its international... more
Economy and financeAlpla expands in Morocco: signed jv with Atlantic packaging
Large plant in Tangier to produce PET preforms for the Maghreb and West Africa markets
He has just launched the project "Plastic has changed, change your mind about plastic" and now Alpla is thinking about expanding its business by investing in Morocco. The company, in fact, one of the giants... more
Economy and finance2100 Ventures is born for young entrepreneurs of the future
Alessandro Benetton's new vehicle invests in startups active in climate tech and fintech, among other areas
Participating in the talk "Think European: challenges and opportunities for Italian tech ecosystem," Alessandro Benetton in Milan christened 2100 Ventures, a new initiative dedicated to Italian and European... more
Economy and financeMcDonald’s focuses heavily on China
The chain buys the participation of 28% of the Carlyle fund in the Chinese activities
McDonald’s relies on China’s growth prospects to increase participation in its local activities. The same company announced that it had reached an agreement to increase its participation in the activities in... more
Economy and financeCoca Cola Europacific Partners: 1.8 billion to buy Coca Cola Philippines
Closing with Aboitiz Equity Ventures for the world’s largest bottler
Coca-Cola Europacific Partners plc announced today that it has signed, together with Aboitiz Equity Ventures Inc., a Philippine holding company based in Manila, a definitive agreement for the joint acquisition... more