Economy and finance
785 news found
Economy and financeMilan Stock exchange, Draghi's effect on Piazza Affari
Unanimous positive opinions from financial analysts
The news of the assignment entrusted to Mario Draghi by President Sergio Mattarella to form a new government has certainly had a significant impact on the main Italian indicators. On a day that sees all... more
Economy and financeAsiago cheese grows "responsibly" in 2020
Production grows of 11% despite pandemic
The Asiago cheese protection consortium declares for the year 2020 responsible growth. The overall production of Asiago Dop, in the twelve months of 2020, responded proactively to the new needs and effects... more
Economy and financeNewlat: bonds up to 200 million
Resources to support the M&A strategy in food & beverage sector
The board of directors of Newlat Food SpA, which met today, approved the issue of an unrated, unsecured, non-convertible and unsubordinated senior bond loan for a minimum value of Euro 150 million and... more
IndustryBarilla acquires Canadian Catelli dry Pasta
An operation of approximately 107 million euros
On 29 January Barilla completed the closing of the acquisition of Catelli dry Pasta in Canada from the Spanish giant Ebro Foods. The agreement includes the Catelli, Lancia and Splendor brands and the plant... more
IndustryOrsero expects revenue consolidation
Group approves budget projections for the year 2021
On the basis of the budget projections approved for the 2021 financial year, the board of directors of Orsero SpA communicates, in continuity with the previous year, the guidance with reference to the... more
Conserved and jamsPolli towards 150 years of history
Of the 70 million jars of pesto produced, 60 are destined for export
Founded in 1872, the Tuscan company Polli will cross the milestone of 150 years of history next year. Always present in the field of pickles and pickles, in 2020 it recorded a turnover of 118 million euros... more
Catering and hospitalityPellegrini Restauration acquires MyMenu
The food delivery operator will maintain operational independence with its own brand
Following a global trend that increasingly aims at enhancing the distribution of ready meals (see, for example, the acquisition of Mindful Chef by Nestlé ) Pellegrini announces the acquisition of majority... more
BeverageDiageo communicates an encouraging recovery
Interim financial results for 2021, half year ended 31 December 2020
"We performed well, despite a very challenging operating environment, characterized by organic growth in sales during the half-year analyzed. We quickly moved towards new channels that could represent... more
Economy and financeLess and less food on Milan stock exchange
Delisting for Ima and Massimo Zanetti Beverage Group
After 25 years of listing, Ima, the multinational of automatic machines and packaging of Ozzano Emilia leaves Milan stock exchange after the success of the takeover aimed at delisting launched by the shareholders... more
IndustryStarbucks: revenue in red in the first fiscal quarter
Recorded a 5% drop
Starbucks Corporation reported results for the first quarter of fiscal year 2021, in which earnings exceeded analysts' estimates for the fifth consecutive quarter, but revenue did not meet the Group's... more
Economy and financeState aid: extension and raising of ceiling of the Temporary framework
Expiry date set at 31 December 2021
The European Commission has announced the decision to extend the temporary framework on state aid adopted on 19 March 2020 to support the economy in the context of the Covid-19 epidemic, until 31 December... more
IndustryDe' Longhi: strong growth in 2020 preliminary revenues
Double digit in all macro areas, with the exception of Meia area
In 2020 the De' Longhi Group achieved revenues of about € 2.353,1 million, above expectations and equal to a growth of 12% (13.9% in organic terms) and of 12.5% normalized, after a fourth quarter growing b... more
ForeignTop 10 insights in climate science in 2020
Ranking compiled by 57 researchers from 21 countries
A group of 57 scientists from 21 countries compile the 10 key climate findings of 2020, presented yesterday 27 Jan by the executive secretary of the United Nations Framework Convention on Climate Change... more
IndustryV-Finance partner of Borsa Italiana's "Sustainable Finance" program
The company will assist SMEs in path of sustainability
V-Finance, the company of the Ir Top Consulting Group, specialized in innovative and sustainable finance, adheres to the “Sustainable Finance Partnership” of the Italian Stock Exchange. V-Finance as a p... more
Economy and financeTwo Food startups awarded by Cdp and Digital Magics
Wenda works on food tech and FrescoFrigo in Retail
Also two food startups among the fourteen on which Cdp Venture Capital Sgr and Digital Magics have focused. The new round of investments, launched in September of last year and which involved 14 Italian... more
BeverageMahou San Miguel expands its deal with AB InBev
10 references from Beck's, Spaten and Löwenbräu distributed in Spain
The Mahou San Miguel brewery extends the marketing agreement in Spain with the Belgian multinational AB InBev, one year after the start of the collaboration between the two companies. Therefore, starting... more
BeverageUSA. Mgp Ingredients merges with Luxco
A $ 475 million deal
MGP Ingredients has agreed to acquire US alcohol producer and marketer Luxco and its affiliated companies in a $475 million deal. According to MGP, a supplier of distilled spirits and speciality wheat... more
Economy and financeGhana: cocoa beans to the GCX commodity exchange?
Assessments underway to promote local consumption, but not just it
Ghana Commodity Exchange (GCX), the Ghanaian commodity exchange, is considering listing cocoa beans on its trading platform in order to promote local consumption. This was made known by the national regulator... more
Economy and financeVenture Capital: Synergo's first fund
Closing with deposits of 30 million
Food & agri-tech is also among the macro sectors of interest. more
Oils and condimentsSpain. Anierac: sales down 2,4% in 2020
Growing olive oil, vegetable oils and olive pomace to the downside
The Spanish National Association of Industrialists and Refiners of Edible Oil (Anierac) closed the 2020 financial year with a sale of 671.4 million liters of oil, 2.4% less than in 2019. This is due to... more
WinesFrance. Cut in sales also for Rémy Cointreau
Registered -4.1% in the first nine months of 2020
Rémy Cointreau achieved a turnover of 780.9 million Euros in the first nine months of its last fiscal year, which ended in December, recording a decrease of 4.1% compared to the same period of the previous... more
CoffeeNescafé aims for 100% "sustainable" coffee by 2025
Among the objectives: to increase well-being of rural communities
Nescafé has announced that it expects to have 100% responsibly sourced coffee by 2025, as it steps up its efforts to create a more sustainable coffee sector. The company’s target is up from its current ac... more
IndustryDanone at the forefront of photovoltaics
Agreement signed for the construction of the largest renewable energy plant in Europe
Danone and Iberdrola have joined their commitments to sustainability with the signing of a long-term power purchase agreement (PPA), which will promote the development of the largest photovoltaic plant... more
Economy and financeBluebell presses Danone
Acquisition of a stake in the French company revealed
Danone reassures: "the team is focused on delivering sustainable long-term value to our shareholders" more
IndustryRiso Scotti obtains financing from Banco Bpm and Sace
5 million Euros to consolidate presence of made in Italy in foreign markets
Banco Bpm has completed a 5 million euro loan in favor of Riso Scotti SpA, guaranteed by Sace as part of the export and internationalization support activity of Italian companies. The operation is aimed... more
DistributionDeliveroo prepares for listing
New round of financing exceeds 180 million
The platform is now worth more than $ 7bn more
CoffeeVending: Covid strikes in European countries
New report from the European Vending and Coffee Service Association
Vending machines, losses in September were not as bad as those in April. more
IndustryIndustrie Chimiche Forestali, reduces industrial water discharges to zero
The Group uses a closed process for water recycling
Industrie Chimiche Forestali SpA, a company among the reference operators at national and international level in the design, production and marketing of high-tech adhesives and fabrics, listed on the Aim... more
Economy and financeAutogrill Group finalizes the sale of Spanish businesses
Included 60 points of sale in the Iberian motorway channel
The Autogrill Group announces that Autogrill Europe SpA - following obtaining the authorization from the Spanish antitrust authority - has implemented the agreement, already announced on 24 November 2020,... more
WinesProsecco Doc: over 500 million bottles in 2020
The Consortium: "Historic milestone but not a point of arrival"
Doc Prosecco closed the year with a 2.8% growth compared to the certified volumes in 2019 which, in absolute values, means an increase of just under 14 million bottles. “This is a historic milestone", c... more
BeverageCoca-Cola Company discards the Zico brand
Coconut Water returns to its founder, under a new name
Coca-Cola Company sold the Zico Coconut Water brand to PowerPlant Ventures a few months after revealing plans to stop distributing the drink. The deal, signed for an undeclared sum, will see the premium... more
Industry20 euros per share for the acquisition of Carrefour
The Alimentation Couche-Tard offer that will materialize in cash
Canadian multinational convenience store operator Alimentation Couche-Tard has submitted a non-binding offer to acquire Carrefour at the price of € 20 per share, as reported in a statement on Wednesday a... more
IndustryPepsiCo, runs faster than Paris Agreement
The group intends to hit net zero by 2040, 10 years ahead of schedule
PepsiCo has announced plans to double down on its climate goal, pledging to reduce its absolute greenhouse gas (GHG) emissions across its value chain by more than 40% by 2030. The beverage giant has also... more
CoffeeUSA. Coffee: Gaensel Energy acquires Officina della Cialda brand
The company is present with 35 stores in Italy
Gaensel Energy, a diversified holding company with assets in Software/Gaming and VR, Health and Wellness, CRM & Data, as well as General Contracting and Patented Building supplies, announces the acquisition... more
Mineral waters and drinksUSA. Quench (Culligan) acquires Get Filtered water dispensers
The transaction adds to purchase of Pure Water Technology, Sunnybrook Water Company and Dove Water
Culligan-owned Quench has announced the acquisition of Get Filtered, a Texas-based provider of mains-fed drinking water systems. Founded in 2008 and headquartered in McAllen, Texas, Get Filtered serves... more
IndustryUSA. Ends the Pilgrim's Pride and Tyson lawsuit on chicken prices
The companies, accused of having made a trust, reach the settlement agreements of dispute
Pilgrim’s Pride and Tyson Foods have agreed to settle claims made by a group of poultry buyers that accused them of conspiring to inflate chicken prices. The US chicken producers reached a deal on Monday t... more
IndustryUSA. Tyson Foods invests on bacon
$ 26 million to increase production at a Wright Brand facility
Tyson Foods has announced a $ 26 million investment to increase bacon production at Wright Brand's Vernon, Texas facility. The expansion project, which is expected to be completed by March this year, will... more
IndustryMetro Italia closed the 2019-20 financial year with a turnover of 1.4 billion
It gains market share, now at 5.1% of the total food horeca market
Despite the effects of the pandemic and the related restrictive measures adopted by the Government, which had strong impacts on the overall market for out-of-home consumption, Metro Italia in the fiscal... more
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