EFA News - European Food Agency
4,851 news found
DistributionMarr acquired 34% of the shares of Jolanda de Colò S.p.A.
The Company is one of the main Italian player in the foodservice premium segment
Marr, the Rimini-based company also presented the results of the first 9 months: turnover at Euro 1.3 Billion, Ebitda and Ebit (after the application of IFRS 16) at Euro 103.6 and 81.3 million respectively. Net profit amounted to € 55.1 million. more
DistributionIvs Group Reported at 30 September 2019 Sales of Euro 342.6 million, +6.6%
The Group is the Italian leader and the second player in Europe in the business of automatic vending machines
The Board of Directors of IVS Group S.A. convened on November 14th, 2019 and chaired by Mr. Paolo Covre, examined and approved the Interim Report at 30 September 2019. Consolidated revenues in the first... more
Cheese and dairy productsCentrale del Latte d'Italia lose €4.1M in first 9 months
The Company is the third-ranking Italian player in the fresh and long-life milk market
The Board of Directors of Centrale del Latte d’Italia – a company listed, since 2001, on the STAR segment of Borsa Italiana and currently the third-ranking Italian player in the fresh and long-life mil... more
Economy and financeNewlat Food’s institutional offering successfully closed
Offering Price fixed at Euro 5.80 per Share
Newlat Food Spa announces the successful closure of the offering period of the Shares under Newlat’s institutional offering aimed at creating the free float and listing the Shares on the Mercato Telematico A... more
NewsThe Italian Fanchising Awards
Among the food chains prizes to 101Caffè, Winelivery and McDonald's
Assofranchising, the Italian trade association for the world of franchising, has awarded the Awards at the 34th Franchising Exhibition that ended today in Milan. The winners in the catering sector were... more
Cheese and dairy productsArla Foods inaugurates state-of-the-art cheese production site in Bahrain
The company will invest approximately €50 million in the site over the next two to three years
Arla Foods will invest approx. €50 million in the plant and create more than 100 direct jobs in the local market. Bahrain will be Arla’s key strategic manufacturing hub in Mena. more
FairsFederalimentare fight against Italian Sounding
The tendentious evocation has registered a growth rate of 70% in the decade 2007-2017
Federalimentare, the Italian Food & Drink Industry Federation, which represents the second manufacturing sector in Italy, with 13 national branch Associations, continues its commitment in the fight against... more
Cheese and dairy productsLatteria e Caseificio Moro acquired by PE Argos Wityu
The Italian cheese firm generates revenues of EUR40m
Latteria e Caseificio Moro, Treviso-based supplier of mozzarella and ricotta, has received investment for a majority stake from French private-equity firm Argos Wityu. The Italian company, located in Motta... more
PeopleArla Foods announces departure of CFO
Natalie Knight will leave the Company on 29 February 2020
Arla Foods announces that its CFO Natalie Knight has accepted the role of Executive Vice President, Finance, of Dutch-Belgian retail group Ahold Delhaize. more
FairsAnuga 2019 breaks all records
Great presence for Italy, with over 1,100 exhibiting companies
Current trends, the latest innovations and visionary concepts for the food of the future were under focus more than ever at Anuga from 5 to 9 October 2019. The world's largest trade fair for food and beverages... more
ConsumptionAlmost a fifth of all food and drink launches in Europe are organic
Europe is leading the way in terms of organic food and drink innovation
The total share of new global food and drink product launches with organic claims has risen from 6% to 10% between August 2009 and July 2019. Millennials (aged 25-34) and Gen Zs (aged 16-24) in France, Germany, Italy, Spain, and Poland, are the most likely to purchase organic food and drink and are also willing to pay more for these products. more
BeveragePepsiCo Releases 2018 Sustainability Report
Highlighting Progress and A Renewed Focus To Help Build A More Sustainable Food System
PepsiCo Inc. yesterday published its 2018 Sustainability Report, outlining the company's progress against its sustainability goals and announcing a new purpose behind its sustainability agenda: to help build a more sustainable food system. more
Biological"The truth, please, on biological"
The Skretting case history presented in last Sana fair in Bologna
"Water in the mouth", the practical guide for the correct information in the nutritia studied by Skretting, a Norwegian company world leader in nutritional solutions and services for aquaculture, was one... more
Cheese and dairy productsArla scales up its commitment to develop a sustainable dairy sector in Nigeria
Arla will be the commercial partner that will purchase, collect, process and bring the local milk to market
In a new public-private partnership in Nigeria, farmer-owned Arla Foods is committing to further development of a long-term sustainable dairy industry and local dairy sector in Nigeria by helping 1,000 small scale farmers create better livelihoods while strengthening its business in the country. more
ForeignElanco Announces Agreement to Acquire Bayer’s Animal Health Business
Transaction valued at US$7.6 billion, financed by 70% cash and 30% equity combination
Elanco Animal Health has entered into an agreement with Bayer AG to acquire its animal health business in a transaction valued at US$7.6 billion. The planned transaction, which is subject to regulatory... more
Frozen foodsNomad Foods Reports 2Q2019 Strong Results
The Iglo, Findus and Birds Eye brand owner saw revenue lift 10% to €538 million
European frozen food giant Nomad Foods reported its tenth consecutive quarter of organic revenue growth for the second quarter of 2019. The Iglo, Findus and Birds Eye brand owner saw revenue lift 10% to... more
IndustryKraft Heinz Reported 1H2019 results indicating more than $1.2 billion in impairment charges
CEO Miguel Patricio says level of decline not acceptable
The Kraft Heinz Company reported preliminary financial results for the first half of 2019 that reflected lower net sales despite improving consumer takeaway trends in key markets, as well as the adverse... more
CoffeeIllycaffè buys UK Euro Food Brands
The Italian company will directly manage its Uk distribution
Illycaffè announced the acquisition of Euro Food Brands’ illy division, dedicated to the distribution of illy products in the UK. Euro Food Brands has been illycaffè’s UK distributor for over 25 years... more
CoffeeMassimo Zanetti B. Group reports higher revenue and lower profits in 1H 2019
The Italian company is one of the leading brands worldwide in the production, processing and marketing of roasted coffee
The Board of Directors of Massimo Zanetti Beverage Group S.p.A., one of the leading brands worldwide in the production, processing and marketing of roasted coffee, listed on the Milan Stock Exchange, approved... more
MeatsTyson Foods Reports Third and Nine Months 2019 Results
3Q Revenues of $10.89B (+8.4% Y/Y), GAAP Eps of $1.84
Tyson Foods, Inc., one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State F... more
WinesMasi Agricola: consolidated results of HY2019
A positive 2Q bring the group back to revenues growth (+1%); hyperinflation in Argentina influenced profitability
The Board of Directors of Masi Agricola S.p.A., a company listed on AIM Italia and one of the Italian leaders in the production of premium wines, approved the consolidated half-year financial report as... more
DistributionMarr approves the results of the first half of 2019
Total revenues at 793.0 million Euros (782.6 million in HY2018)
The Board of Directors of Marr Spa, a company of the Cremonini group, leader in Italy in the foodservice sector, approved the half-year financial report at June 30, 2019. Total revenues for the first half... more
VideoThe fifth “Sainsbury’s Brand Conference” in Italy
Interview with Judith Batchelar, Brand Manager at Sainsbury’s, and Natasha Linhart, CEO at Atlante.
The fifth “Sainsbury’s Brand Conference” was held on 26 of July in Bologna, organised by Atlante, an Italian company which has been operating for over 20 years in the large-scale food retail sector as st... more
Catering and hospitalityRestaurant Brands International Reports 2Q 2019 Results
Global system-wide sales increased 7.9%
Restaurant Brands International reports global system-wide sales increased 7.9% in Q2 to follow on last year's 7.3% increased. Comparable sales were up 0.5% for the Tim Horton's chain, 3.6% for Burger... more
Fourth range vegetablesLa Linea Verde Group: turnover to 300 million Euro
Growth +28% higher than in 2017
On the occasion of the approval of the financial report, the company reflects on its investments and growth strategy more
Economy and financeCampari Group has reached an agreement to sell Villa ‘Les Cèdres’
The sale price of the Villa in Cap Ferrat amounts to €200 million, of which Campari Group will retain €80 million
Campari Group has reached a preliminary agreement for the sale of the real estate property ‘Villa Les Cèdres’, located in Saint-Jean Cap-Ferrat, France. The Villa had entered Campari Group’s perimeter within... more
DessertsMondelēz International Reports Q2 Results
Net revenues declined 0.8%, organic net revenue grew 4.6%, adjusted EPS was $0.57, up 9%
Mondelez International reported second-quarter 2019 results with adjusted earnings of 57 cents per share. On a constant-currency basis, adjusted earnings improved nearly 9% year over year, courtesy of... more
DessertsErgon Capital Partners acquires Dolciaria Acquaviva
A leading company in the Italian frozen bakery sector
Ergon Capital Partners acquires the majority of Dolciaria Acquaviva, the leading and fast growing frozen bakery Italian business. The Acquaviva family will reinvest into the deal and Pierluigi Acquaviva... more
Catering and hospitalityStarbucks reports strong quarterly sales (+6%)
EPS of $0.78, up 26% over the prior year
Starbucks Corporation reported financial results for its fiscal third quarter ended June 30, 2019. “Starbucks delivered strong operating performance in the third quarter, further demonstrating that our ‘... more
BeverageCoca-Cola reports strong second quarter operating results
Quarterly net revenues grew 6% to $10.0 billion
The Coca-Cola Company reported strong operating results in the second quarter of 2019, driven by consumer-centric innovation, solid core brand performance and improved execution in the marketplace. Reported... more
Cheese and dairy productsDanone records sales growth during HY2019
Boosted by the performance of its baby food products in China.
Danone posted a 2.5% increase in like-for-like sales in the second quarter as it was boosted by the performance of its baby food products in China. The company posted sales of €6.5 billion for the quarter, w... more
Ice creamEmmi acquires dessert producer Pasticceria Quadrifoglio
The Italian company has two production sites near Modena
Swiss milk processor Emmi Group has acquired Italian producer of dessert products Pasticceria Quadrifoglio from Canali family for an undisclosed sum.With this transaction Emmi aims to supporting and expanding... more
Catering and hospitalityMcDonald's Reports Second Quarter 2019 Results
EPS of $2.05 and revenue $5.34B (-0.2% Y/Y) in-line
McDonald's Corporation announced results for the second quarter ended June 30, 2019. Results for the quarter and six months in constant currencies reflected stronger operating performance primarily due... more
IndustryNestlé reports organic growth of 3.6% in HY2019
Net profit declined by 14.6% to CHF 5.0 billion, FY guidance for 2019 confirmed
Nestlé reports half-year results for 2019 with organic growth of 3.6%, with continued strong real internal growth of 2.6% and pricing of 1.0%. Increased growth was led by the United States and Brazil.... more
Economy and financeTIP Acquires a stake of Elica owned by Whirlpool
The companies maintain completely unchanged the commercial relations in place for many years
Tamburi Investment Partners S.p.A., independent and diversified investment & merchant bank listed on the STAR segment of Borsa Italiana has reached today an agreement with Whirlpool EMEA S.p.A. for the... more
Economy and financeUnilever: Half-year results show consistent growth led by emerging markets
Underlying sales grew 3.3% with volume 1.2% and price 2.1%
Today, Unilever announced its results for the first half of 2019, which show underlying sales growth of 3.3%, led by our emerging market business which grew 6.2%. more
DessertsLindt & Sprüngli, growth continues in HY2019
Strong organic Group sales +6.2% to CHF 1.76 billion
Lindt & Sprüngli in the 2019 first half achieved sales of CHF 1.76 billion, which corresponds to organic sales growth of +6.2%. This lays the foundation for the Lindt & Sprüngli Group to reach its organic g... more
ForeignUK: Boris Johnson tomorrow new prime minister
And he promises: "Brexit" by October 31st
Boris Johnson, former mayor of London, is now the new premier of the United Kingdom. Tomorrow there will be the handover from the resigning Theresa May to the leader of the conservative party, which beat... more
FishTuna fishing, a new guidebook detailing best-practices
Published by the International Pole & Line Foundation and the International Seafood Sustainability Foundation
A new guidebook detailing science-based best-practices for maximising catch value and also minimising the environmental impacts of these fisheries is jointly published by the International Pole & Line... more
AgrifoodLeonardo and A2A acquire stakes in IBF Servizi
The JV between Bonifiche Ferraresi and Ismea is specialized in precision farming
Optimization of production processes, reduction of production costs,improvement of environmental sustainability and quality. These are the goals of IBF Servizi to improve the competitiveness of Italian... more
FairsIEG consolidated revenue 1H2019 reached € 100 million
Italian Exhibition Group is a leading company in event organization
Italian Exhibition Group’s Consolidated revenue as at June 30th 2019 reached approximately € 100 million (provisional data), strongly higher compared to the 77,3 million of first half of 2018. This res... more
Catering and hospitalityKura Sushi USA files for IPO on Nasdaq
American subsidiary of Japanese chain plans to operate 290 restaurants (from current 22)
Japanese sushi restaurant chain Kura announced that its American subsidiary, Kura Sushi USA, has applied to the U.S. Securities and Exchange Commission for permission to list shares on the Nasdaq composite.... more
DessertsFerrero and Campbell sign agreement for sale of Kelsen for $300 Mln
The Italian group makes the deal by Belgian affiliated company CTH Invest
Campbell Soup Company announced that it has signed a definitive agreement for the sale of Kelsen Group to a Ferrero Belgian CTH Invest affiliated company for $300 million, subject to customary purchase... more
IndustryCargill ‘s earnings slows in 4Q 2019
Due to uncertain global business environment
Cargill reported results for the fiscal 2019 fourth quarter and full year ended May 31, 2019: adjusted operating earnings were $476 million, down 41% from the $809 million earned in last year’s record f... more
Cheese and dairy productsLactalis acquires Ehrmann Commonwealth Dairy
It is the fourth acquisition for Lactalis in the United States in two years
Lactalis Group has acquired Ehrmann Commonwealth Dairy, the U.S. yogurt business of Ehrmann, a Germany-based dairy company. Founded in 2009, Ehrmann employs 250 people at facilities in Brattleboro, Vt.,... more
IndustryNestlé will launch a new pilot programme with open blockchain
To track products such as milk and palm oil
Nestlé will launch a new pilot programme to track products such as milk and palm oil by using blockchain technology. The world’s largest food company is collaborating with OpenSC, a blockchain platform th... more
FishBolton Group Acquires Tri Marine Global Tuna Supply Operations
The Italian group becomes the world's second largest tuna operator
Tri Marine, one of the world’s leading sustainable tuna supply companies, today announced the sale of its global tuna supply business to its longtime partner, Bolton Group. The Italian group, owned by N... more
Cheese and dairy productsArla Foods agrees new brand license with Kraft Heinz
Arla Foods gets the license to use to use the Kraft brand in the Middle East
Arla Foods agrees new brand license for Middle East cheese business with Kraft Heinz. The agreement gives Arla Foods the license to use the Kraft brand for the next 12 years in the Middle East on the cheese portfolio recently acquired by Arla from Mondeléz International. more
ForeignUSA asks for new duties: pasta, cheese, olives and more
The WTO will screen the Trump proposal on August 5
There is a battle between Boeing and Airbus at the center of the trade warfare carried out by the Trump administration against the European Union. The subsidies to the two Airbus A-380 and A-350 planes,... more
Catering and hospitalityElior Group completes the sale of Areas to Pai Partners
In Italy the company controls MyChef, one of the most important travel retail players
Elior Group has completed the sale of its subsidiary, Areas (which constitutes the Group's concession catering activities), to PAI Partners for a net total amount of c. €1.4 billion - corresponding to a... more