Economy and finance
785 news found
Economy and financeKeurig Dr Pepper, positive quarter thanks to the price increase
Revenue at $3.47 billion beats analysts' expectations: prices up 3.1%
Keurig Dr Pepper beat Wall Street’s expectations of first quarter sales and earnings. The beverage company in Burlington, Massachusetts, recorded an adjusted profit of 38 cents per share for the quarter e... more
Economy and financePutin nationalizes Ariston Russia, the Italian government is not there
A decree entrusted the management to Gazprom: the Foreign Minister Tajani convenes the ambassador
"I gave a mandate to the Secretary general of the Foreign ministry to summon the ambassador of the Russian Federation to Italy". He said in a message on X the Foreign Minister Antonio Tajani reporting... more
Economy and financeIl Granaio delle idee teams up with Ginkgo Bioworks in the name of the Pater
The Venetian company will use US biotech technology to improve its bakery patent
Il Granaio delle idee (Igdi), a company based in Maserà di Padova (PD) that operates as a blender on an international scale offering a wide range of blends and clean label helpers for bakery, pastry and... more
Economy and financeItalian export. Exceeded €100 B in the first two months of 2024
Zoppas (ITA Agency): "In February, our foreign trade grows more than the EU average"
The export growth of 1.7% recorded in February 2024, compared to the same month in 2023, is part of a highly volatile context that is difficult to predict. The data is characterized by strong divergences... more
Economy and financeIvs group, another year of growth
Balance sheet approved with revenues up: vending +24%, Italy to 463.4 million turnover
Budget 2023 approved for IVS Group, Italian leader and second operator in Europe in the management of vending machines and semi-automatic for the administration of hot and cold drinks and snacks (vending).... more
Economy and financePE ready for the assault of Preziosi Food?
Rumors of interest for the company: in pole position Dea Capital and Italian Investment Fund
The rumors multiply of how many, between industrial operators and private equity, seem interested in Preziosi Food, the group of salty snacks. Although the sale process has not yet been officially launched... more
Economy and financeLongino and Cardernal returned positive in 2023
Revenues grew by 12.9% and ebitda stood at 800 thousand euros, from the red of 700 thousand euros a year earlier.
The 2023 financial year "not only maintained the growth of the first half but also significantly improved the result". This is how Riccardo Uleri, president and ceo of Longino & Cardenal S.p.a., active... more
Economy and financeCvc: after Italy, Iberian shopping for the English fund
First La Piadineria, now it’s the turn of the Spanish Monbake specialized in frozen dough
After the recent Italian shopping with the acquisition of La Piadineria, the British fund Cvc, one of the leading managers of private markets globally, announces the investment in Grupo Monbake, leader... more
Economy and financeIcam chocolate beats the crisis: 2023 closed with revenues +7%
Despite the problems of cocoa, the company in Como reaches € 216.5 million in revenue, +36% from 2019
Icam Cioccolato, a company based in Orsenigo (Como), a leader in the production and marketing of chocolate and cocoa semi-finished products, announces the closure of 2023 with a turnover of 216.5 million... more
Economy and financeDanone towards the sale of its activities in Russia
Agreement closed with Vamin Tatarstan to whom dairy yields: loss of € 1.2 billion
Danone is on the way to agreement regarding its activities in Russia. After the latest news of recent days that foreshadowed a resurgence of hostilities with the Putin government since 2022, today the... more
Economy and financeIntesa Sanpaolo: 120 billion euro growth plan
Target on SMEs, micro-companies, third sector, food chains and tourism
"Quality is the key element for every sector", explains Stefano Barrese, head of the Banca dei Territori Division of the banking group. more
Economy and financeMars USA invests $70 million in innovation
In New Jersey new R&D Innovation studio
The US snack company Mars has announced an investment of over $70 million in its Hackettstown, New Jersey headquarters to improve innovation and production. The company, according to the official statement,... more
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