Economy and finance
773 news found
Economy and financeNestlé. Budget and 2022 dividend approved
28th consecutive increase with 3.01 euros per share, 15 cents more on 2021
Nestlé shareholders approved all board proposals at the 156th Annual general meeting held yesterday in Lausanne. Among the practices approved were the election to the board of directors of Rainer Blair,... more
Economy and financeNestlé, agreement with Pai fund for frozen pizza in Europe
The company will be based in Germany: two plants, one in Italy, in Benevento
Nestlé and private equity firm Pai Partners have agreed to form a joint venture for Nestlé's frozen pizza business in Europe. The goal is to create a dedicated operator "in a competitive and dynamic c... more
Economy and financeSoaring wine prices hit consumption
OIV: Global wine exports make record at €37.6 billion but consumption drops 1 percent
World wine trade reached a record high last year, supported by a sharp increase in prices. The good news is balanced by less good news, namely that the amount of wine sold declined due to weakening demand... more
Economy and financeUS. Burger king in trouble relies on commercials
Troubled chain relies on viral "Whopper Whopper" jingle to lift sales
Burger King is banking on its viral "Whopper Whopper" jingle to boost U.S. sales as part of the crisis-ridden fast-food chain's revitalization plan. The commercial, broadcast incessantly in the U.S. during... more
Economy and financeQuadrivio and Pambianco, start raising for Made in Italy Fund II
Fund also invests in wine companies with high margin for development
The joint venture between Quadrivio and Pambianco launches Made in Italy Fund II, the second private equity fund dedicated to the world of lifestyle and Italian excellence. The new vehicle will have a... more
Economy and financeHeineken invests in South Africa
More than $852 million for a range of projects including a new maltery
Heineken will invest more than 15.5 billion zar in the South African economy. We are talking about an amount corresponding to about $852.8 million that the company announces it will invest in the South... more
Economy and financeShoppers storming the China international consumer Expo
Hainan Island will also become the world's largest duty free for food&bev brands
International luxury brands have targeted what they consider the new paradise for their products. We are talking about Haikou, in China's Hainan province, where the third China international consumer products... more
Economy and financeIntesa Sanpaolo, 55 million to Carrefour Italy for ESG projects
Agreement signed to activate new green credit line
Intesa Sanpaolo bank and Carrefour Italia have signed an agreement for a total of € 55 million that provides for the activation of a credit line with esg features, intended for the issuance of guarantees. T... more
Economy and financeClimate risks will be fatal to global poultry industry
Climate change costs will cause livestock industry profits to plummet by $23.7B USD
Climate risks could turn profits from poultry farming into losses by 2030. This is according to the Climate risk tool of Fairr, the U.S. Farm animal investment risk and returns initiative, an investor... more
Economy and financePoland suspends wheat imports from Ukraine
Existing agreement will only allow the grain to transit the country until July
Poland suspends wheat imports from Ukraine. The news comes just days after the resignation of Agriculture Minister Henryk Kowalczyk following farmers' protests against the rising price of the resource.... more
Economy and financeConstellation Brands closes fiscal year with growth
Corona Beer Group's fiscal year shows revenue up +7%: 2024 in line expected
Constellation Brands, the company that makes Corona beer, has reported its financial results for fiscal year and fourth quarter 2023 and outlook for fiscal year 2024. Well the numbers are positive, so... more
Economy and financeProcaffè, espresso from the Dolomites challenges the market
Belluno-based group focuses on millennials and new markets
Procaffé, one of the Italian and international players for the espresso market, based in Belluno, is aiming to lower the age of its customers, but above all it is aiming to expand abroad. Part of the... more
Economy and financeEridania makes its debut in the alcohol market
The company known for sugar becomes CristalCo's exclusive representative in Italy
Eridania, known in the Italian market for its range of sugars and related products, is launching a new activity in the alcohol sector for BtoB and will become, starting this month, the exclusive representative... more
Economy and financeChange at the helm of Barry Callebaut
Surprise resignation of ceo Peter Boone: in his place effective immediately Peter Feld
Barry Callebaut, the Swiss chocolate company that has just signed a deal with Nestlé surprisingly announced that ceo Peter Boone has resigned effective immediately and appointed Peter Feld as his successor.... more
Economy and financeSaputo sells Coles supermarkets two plants in Australia
Transaction worth more than € 64 million for two plants in
The reorganization of the operations of U.S.-made dairy giant Saputo, known in Italy as the family owner of Bologna calcio, continues apace. After announcing in November 2022 an initial closure in the... more
Economy and financeKraft Heinz sells Russian baby food business
Buying them is local beverage and snack manufacturer Chernogolovka
Kraft Heinz has decided to sell its baby food business in Russia to local beverage and snack manufacturer Chernogolovka according to which the deal will include two plants and the "Umnitsa" and "Sami s... more
Economy and financeBritain joins Trans-Pacific trading bloc
Goal is to achieve zero tariffs on trade in cheese, chocolate, machinery
Not entirely satisfied with Brexit, the United Kingdom is joining the Trans-Pacific trading bloc. In fact, the nation has reached an agreement to join the trade bloc composed of 11 countries for now: the... more
Economy and financeIvs, 2022 'extraordinary year'
Vending machine group closes with revenues up 52.3 percent
It closes "strong growth" in 2022 for Ivs, Europe's second-largest operator in vending, i.e., in the management of automatic and semiautomatic vending machines for the dispensing of hot and cold beverages... more
Economy and financeSan Benedetto approaches the billion euro mark
Mineral water group closed 2022 at 970M euros, +20%
Between catering, vitamin waters, energizing drinks to low-calorie fruit juices, San Benedetto is approaching 1 billion in revenues. The Scorzé, Venice-based beverage group closed 2022 with revenues at... more
Economy and financePepsiCo introduces itself with new logo and less sugar
First make-up after 14 years: marks the "new era" of the iconic drink
For the first time in 14 years, PepsiCo has unveiled a new logo and visual identity. A move, say the company, that marks the brand's "new era". The new design, in fact, features "a bold typeface, a signature... more
Economy and financeNestlé, 2022 marked by growth (including green)
Closed fiscal year with revenues at +8.3% over 2021: published Sustainability Report
Nestlé has released its 2022 Annual Report and Shared Value Creation and Sustainability Report. The 2022 budget closes with sales at more than 94.6 billion euros, up 8.3 percent from 2021. Operating income... more
Economy and financeElectrolux bets on Italy: 110 million for Susegana
Company proposal at coordination meeting with unions to produce a refrigerator every 30 seconds
It had been in the air for a few days and now, if not exactly confirmation, comes news of a further step forward anyway. As we anticipated in mid-March, Electrolux plans to bet on the Italian plant in... more
Economy and financeMore than 2 million seized from Italian wine union
Lombard Prosecutor's Office of the Court of Auditors puts European funds from Native grapes academy project under
Over two million euros. This is the amount seized by the Milan Prosecutor's Office of the Court of Auditors from the Italian Wine Union. The company, one of the best known in the wine industry with 709... more
Economy and financeChina shops for corn from the U.S.
Falling prices encouraged the purchase of 204,000 tons of the grain, the 8th in the last 9 working days
U.S. corn imports rise in China In the week ended March 24, China purchased 204,000 tons of U.S. corn, the eighth confirmed purchase in the last nine working days. Triggering the purchase of U.S. corn... more
Economy and financeEU raid on Red Bull headquarter
Search allegedly triggered by suspected violation of EU antitrust rules
EU antitrust authorities raided the premises of Red Bull the world's largest producer of energy drinks based in Salzburg, Austria. The raid, confirmed by Red Bull, was carried out on Monday on suspicion... more
Economy and financeAbaco for sale? Nextalia ready in pole position
The sgr would be ready to buy if Taste of Italy decides to divest the Mantua-based agricultural software company
Abaco up for sale? The time seems ripe for the Mantua-based company specializing in software for agriculture to be taken over in 2019 with a majority stake by the private equity fund Taste of Italy, a... more
Economy and financeGerman feed industry asks government for help
Production in Germany falls for second year in a row
Following yet another decline in the pig population that has affected, in turn, overall feed production in Germany, the German feed industry association is calling for guidance to ensure future safety... more
Economy and financeLactalis exits Argentina
Plant sold taken over with acquisition of Mexican Dairy Partners
French dairy giant Lactalis has sold its latest Argentine plant to a local operator for an undisclosed sum. "This Argentine site was part of a larger acquisition made in Mexico," a company spokesperson... more
Economy and financeDeA Capital Real Estate: Ashley Marks becomes Head of Capital Advisory
He will be tasked with supporting the platform's pan-European growth strategy
DeA Capital Real Estate announces the collaboration with Ashley Marks as Head of Capital Advisory for the growth of the international real estate platform. Marks has extensive wealth advisory experience;... more
Economy and financeFlo: 2 mln euros for paper cups
By 2022, the group has increased the volume of its pulp products to 40.5 percent
Flo Group, a historic brand specializing in the production of tableware and food containers, inaugurates a department entirely dedicated to the production of paper cups for vending machines thanks to a... more
Economy and financeEU: record agri-food flows in 2022 with 36.9 billion euros
Exports at +17%, imports at 34%. Trade balance at 53.5 billion euro /Attachment
In November 2022, the European Union's agri-food trade flows reached the record figure of 36.9 billion euros. Since the beginning of last year, therefore, the EU agri-food trade has reached 369 billion... more
Economy and financeCage-free farms? Consumers care little
55% of customers would only care about price; producers only care about revenue
In Europe is one of the new frontiers of healthy food that the EU, or rather Efsa, is putting forward as a flagship. It was just a few days ago that the European Food Safety Authority plans to avoid the... more
Economy and financeCarel, 2022 with revenues up 29.6 percent
Turnover at 544.9 million euros for the group that makes refrigeration systems for foodservice
The board of directors of Carel Industries, the Brugine (Padua)-based food service refrigeration systems company, approved its consolidated results for 2022, which showed a 29.6 percent growth in revenues... more
Economy and financeJust Eat closes 2022 with revenues up 4%
Turnover of 5.6 billion euros: 984 million orders processed by 90 million active consumers
Just Eat closes 2022 substantially stable compared to 2021. The gross value of transactions, i.e. the so-called gtv, the total paid by consumers with the exclusion of tips, stood at 28.2 billion euros,... more
Economy and financeCelli buys 70 percent of Spain's Exclusivas JJL
In nine years acquisition No. 13 for group active in beverage equipment sector
The Celli Group, which specializes in the design and manufacture of beverage dispensing equipment and accessories, announces that it has finalized the acquisition of a 70 percent stake in Exclusivas JJL,... more
Economy and financeSerious crisis for Bordeaux winemakers
The vignerons are asking the government to subsidize the destruction of surplus wine
Bordeaux winemakers are in crisis. Last weekend they asked the French government for financial aid for the grubbing up of vines, in the amount of 10%, in the region with a high wine-growing vocation. The... more
Economy and financeGreat Britain, also in Lidl rationed vegetables
It is the fourth chain after Asda, Morrisons and Tesco. The problem is the scarcity of products
There are four British supermarket chains that are forced to face the shortage of some vegetables traditionally imported to the island in winter from North Africa or southern Spain. Asda, Morrisons and... more
Economy and financeRetail, mergers and acquisitions will grow
According to Bain & Co. classic sales models are set to be overtaken
As a result of the Covid-19 pandemic, major retail players are expected to draw on the high levels of accumulated cash to close new Merger&Acquisition deals in 2023, taking advantage of industry multiples... more
Economy and financeEIB-EU agreement for investments in Africa, the Caribbean and the Pacific
Four billion Euros to support local economies: primarily green transition and agriculture
The EIB, the European Investment Bank and the European Commission have signed agreements for 4 billion euros to support businesses in African, Caribbean and Pacific countries up to 2027. The agreement... more
Economy and financeBayer closes 2022 on strong growth
Multinational company reports sales at 50.7 billion euros, up 8.7 percent
The Bayer Group ended 2022 with "strong growth" and a significant increase in sales and profits. Sales reached 50.7 billion euros, an increase of 8.7 percent, ebitda increased by 20.9 percent to 13.5 billion... more
Economy and financeDanone grows in the USA
Investment of 65 million dollars for the Florida plant intended for coffee and creamers
Danone will invest up to $65 million over the next two years to expand its Jacksonville, Florida facility. The announcement comes directly from Danone North America, a leading food and beverage company,... more
Economy and financeSainsbury's in the UK "discovers" vacuum packaging
Stop packaging ground coffee in trays for a saving of 450 tons of plastic a year
Vacuum packaging (or in skins) has been widespread in Italy for some time, and now even the British are "discovering" this new technique. Sainsbury's, the UK's second largest supermarket chain after Tesco,... more
Economy and financeBolognaFiere, new board of directors for listing on the Stock Exchange
President Calzolari: "Listing by 2024, an important goal for the area"
In the first meeting of the new BolognaFiere board of directors, three new entries made their debut on the board of directors: Valerio Veronesi , president of the Bologna Chamber of Commerce; Teresa Lopilato... more
Economy and financeLabomar aims at North America with Importfab
The supplement company aims to develop in Canada and the USA
Labomar thinks about the North American market. This was stated by CEO and founder Walter Bertin who has just returned from Canada. The listed company from Istrana, in the province of Treviso, specializes... more
Economy and financeDomino's Pizza closes a difficult 2022 on the up
Revenue was $1.39 billion, up 3.7% year-over-year
Domino's Pizza, the world's largest pizza company, announced results for the fourth quarter and fiscal 2022. Global retail sales grew 5.2% in the fourth quarter of 2022 and 3.9% in the FY 2022: Revenue... more
Economy and financeDanone, significant progress in 2022 thanks to rising prices
Sales up 7.8 percent to over €27.6 billion: prices up 8.7 percent
Danone ended 2022 with sales at more than 27.6 billion euros, up 7.8 percent from 24.28 billion euros in 2021. The performance takes advantage of price increases in the range of 8.7 percent. In the fourth... more
Economy and financeLa Doria, 38 million invested in green
New production line for canned legumes and panels
La Doria, controlled by the Investindustrial fund and participated by some members of the Ferraioli family, has approved an investment plan for 2023 amounting to 38 million euros, a figure that adds to... more
Economy and financeCampari: 40% growth over pre-pandemic
In 2022, the Group reported a 24% increase in sales
Gruppo Campari's 2022 budget reports "double-digit organic sales performance growth in 2022, with expansion of operating margins despite rising material prices". This is reported in a Group statement,... more
Economy and financeAssolatte: "Cheese exports at +6%"
Italian dairy business grows worldwide
Dairy continues to drive Italian exports. In 2022, total cheese exports exceeded 550 thousand tons (+6%), for a turnover close to 4.2 billion euros (+19%). Reporting the numbers is Assolatte, whose president Paolo... more
Economy and financeNewlat, 10 million invested in Cdp fund for the tech industry
The funding makes it possible to monitor innovative startups
The dairy company Newlat Food communicates the further consolidation of the strategic partnership with the CDP group, Cassa depositi e prestiti, the Italian Sovereign Fund. The new agreement provides for... more