Economy and finance
784 news found
Economy and financeEataly makes happy the member of Tamburi investment parners
In a letter to shareholders, satisfaction with the subsidiary's 50 million ebitda
"Eataly, an excellent year, with increased turnover and more than 50 million ebitda, thanks to a very effective management that has managed in a short time to relaunch the high positioning of the brand... more
Economy and financeEU approves purchase of Cigierre by QuattroR
According to Brussels the transaction "does not raise problems of competition"
The EU Commission today authorised the acquisition of Cigierre by QuattroR and BC Partners. According to the official statement from Brussels, "the European Commission has approved, under the EU merger... more
Economy and financeBofrost Italy, sales up to 300 million
The frozen food company closes the fiscal year with a "solid and stable" business model
Bofrost Italia S.p.a closes the business year 2024-2025 with a turnover of 300 million Euro, in slight increase. This result, the official press release stresses, "confirms the stability and solidity of... more
Economy and financeCampbell’s is no longer the usual soup
Due to the snack segment, closes 2° quarter with organic net sales -2%
Campbell’s, the undisputed American giant of canned soups, today lowered its annual sales and profit forecasts, pointing to weak snack demand and intense competition from cheaper private brands. The c... more
Economy and financeColavita Usa gorges on Italian pasta and tomato
Vitelli Foods Acquisition follows Integration of California-based O Olive Oil & Vinegar
Colavita Usa, one of the main American distributors of Italian specialties, has acquired Vitelli Foods, owner of the historic Luigi Vitelli brand, the first Italian food brand ever registered overseas.... more
Economy and financeCampari, positive results in 2024
Sales growth +2.4% to over 3 billion euros: the title opens big in Piazza Affari (+5.2%)
The Board of Directors of Davide Campari-Milano N.V. approved yesterday evening at closed markets the annual report to 31 december 2024. Despite the challenging environment, says the official statement,... more
Economy and financeDuties. China: responds to Trump with +15% on agri-food products
Beijing imposes additional tariffs on chicken, pork, soy, beef, implements controls on US firms
The rumor spread in the press in recent days has been confirmed. China will impose additional tariffs of up to 15% on imports of key US agri-food products, including chicken, pork, soybeans and beef. This... more
Economy and financeCampari, up and down in the Stock Exchange
Share today -1.6% but yesterday +3.7% on 2024 financial outlook
Campari swing at Piazza Affari. Today the stock opens at -1.6% while yesterday it closed at +3.7% with a boost triggered by the anticipation of the cut of 10% of the workforce equal to about 500 employees... more
Economy and financeThe French of Chequers Cap take over Gourmet italian food
The Italian ready meals company was controlled by the Alcedo fund
Chequers Capital, a French private equity firm, takes over the Italian group Gourmet Italian food controlled by the Italian fund Alcedo sgr. According to what was anticipated by the Sole 24 Ore today,... more
Economy and financeOlam group sells 67% of Olam Agri for $ 4 billion
Two-tranche transaction for the buyer Saudi agriculture & livestock investment company
The Singapore-based Olam group, one of the world’s largest agribusiness operators, announces the sale of its remaining 64.57% stake in Olam Agri, a global leader in food, feed and fibre in fast growing e... more
Economy and financeIntesa Sanpaolo finances Casillo with 50 million
In support of the export and launch on the world market of an innovative flour
Intesa Sanpaolo has finalized a 50 million euro loan with Sace's Future Guarantee in favor of Casillo, a company belonging to the holding company Casillo Partecipazioni, to support export activities and... more
Economy and financeUnilever, change at the top: Fernando Fernandez is the new CEO
After two years, Hein Schumacher leaves his position and company. No changes in strategy are expected
Changing of the guard at Unilever. After only two years, Hein Schumacher is stepping down as CEO and member of the Board of Directors. His retirement is scheduled to take effect on March 1. The decision,... more
Economy and financeDe' Longhi Group: professional coffee governance strengthened
Three key appointments for professional division, La Marzocco and Eversys
De' Longhi SpA Group further strengthens its governance and organizational structure in the professional coffee hub, born from the business combination between La Marzocco and Eversys, in order to fully... more
Economy and financeProsus eats Just eat takeaway for 4.1 billion euro
Conditional agreement with the Dutch multinational: the 4th largest food delivery group in the world is born
Prosus, a global technology company based in Amsterdam, the Netherlands, today announced that it has reached a conditional agreement to acquire Just Eat Takeaway.com. The goal is to create the fourth food... more
Economy and financeEthiopia, $1 billion of exports in 7 months between coffee and spices
71% increase in volume and 383.47 million dollars in revenue: Italy among the top 10 destinations
The export of coffee and spices from Ethiopia is increasing. In the first seven months of the fiscal year, Ethiopia generated more than $1.016 billion from exports of coffee, tea and spices. It went much... more
Economy and financeNestle "immune" from any Trump tariffs?
Laurent Freixe: "we are in a privileged position: we produce where we sell"
"We are in a unique and privileged position that allows us to resist significant movements". That’s what Nestlé ceo Laurent Friexe said, suggesting that the world’s largest food producer is "immune" to t... more
Economy and financeNestlé /2. Solid growth for Sanpellegrino
Three Coffee Brands Drive Swiss Food Giant's Profits in 2024
As part of its 2024 financial statement presentation (read EFA News ), Nestlé also reported organic growth figures by product. Coffee was the largest contributor with mid-single-digit growth, driven by... more
Economy and financeUnilever shares ice cream in Amsterdam, London and New York
So said the CEO Schumacher presenting 2024 closed with overall sales +4.2%
Unilever’s 2024 results "reflect a year of significant activity". He said to the data ceo Hein Schumacher according to which the company, last year, focused on "the transformation of Unilever in a business w... more
Economy and financeNestlé: Organic growth at 2.2% and sales down in 2024
Freixe (CEO): "Investments supported by our new cost saving program"
"In a difficult macroeconomic environment and a weak consumer environment," Nestlé achieved a "solid performance" in 2024, in line with the company's latest estimates, according to the group's CEO Laurent... more
Economy and financeCarrefour aims to take over the entire Brazilian branch
The French supermarket chain (67% of Atacadao SA-Carrefour Brazil) would pay €880 million
Carrefour is planning to take over its entire Brazilian unit, Atacadao SA, also known as Carrefour Brazil. The same French supermarket chain confirmed this in a press release "announces its intention to... more
Economy and financeDigital payments. PayGlobe buys Moneynet
Fintech takes over 60% of digital payment company from Ivs Group
The fintech company PayGlobe, indirectly controlled by Dario Pardi through GUM Group Spa, announced the acquisition of 60% of Moneynet, with over 25 years experience in the electronic payments market,... more
Economy and financeChinese markets rise as consumption growth boosts Shanghai and Shenzhen
Strong contribution from Lunar New Year: retail and catering trade up; 500 million tourist trips
Government increases subsidies for consumer goods: sales of refrigerators and household appliances rise more
Economy and financeEurovo focuses on Northern Europe: acquisition in Belgium
The Imola company specialized in egg products buys the Belgian Hulstaert known under the brand Fleggs
Eurovo, the Italian group based in Imola (BO) and one of the main European leaders in the production and distribution of eggs and egg products, expands its activities in Belgium. It does so by acquiring... more
Economy and financeNoberasco optimistic about 2025
Closed 2024 at 85 million turnover, the company of dried fruit aims to 120 million in 2027
"We are very pleased to announce that last week the Shareholders' Meeting approved the Balance 23/24 with renewed optimism". Flavio Ferretti, ceo of Noberasco, a historic company specializing in dried... more
Economy and financeSabaf, revenues 2024 records
The company of kitchen components with sales up 15.7% in 2024
Sabaf, a manufacturer of components for domestic appliances and kitchens such as gas burners, taps and thermostats for gas cooking listed on the Ftse Italia small cap and the Star segment, It closed 2024... more
Economy and financeArdian, record 3.2 billion euros collection
Successful closing for the sixth Expansion fund focused on private medium-sized companies between Frankfurt, Paris and Milan
Ardian, a leading global private market investment firm, today announced that it has raised €3.2 billion for its sixth Expansion Fund, the Ardian Expansion Fund VI (AEF VI). The "successful closing" c... more
Economy and financeAlgebris Investments launches Climatech fund
To invest between climate and deep tech, focusing on key sectors such as food
Algebris Investments has launched its first venture capital strategy, Algebris Climatech, with a first closing at around 60 million Euros. Investors include major institutional players, key players in... more
Economy and financeItalian food industry increasingly performing
The sector showing the most marked trend growth is ice cream (+18.9%)
The Federalimentare Study Center confirms that the food industry is the best performing manufacturing sector. According to Istat statistics for November 2024 (read EFA News ), production volumes recorded,... more
Economy and financeCampari, buy back millionaire
Between 6 and 10 January, shares worth 1.23 million euros were purchased
Davide Campari-Milano N.V. states that "under the current authorization to purchase own shares to be used for the service of incentive plans based on financial instruments, as decided by the shareholders'... more
Economy and financeEuro area, retail sales in modest growth in November 2024
In the Eurozone +0.1% compared to -0.3% in October: food, beverages and tobacco sales up both in trade
Lower-than-expected growth in retail sales in the Eurozone in November 2024. According to Eurostat, sales rose by 0.1% on a monthly basis, below the consensus of +0.3%, compared to -0.3% in October 2024... more
Economy and financeOecd, stable trend inflation in November: rising in Italy
Inflation has fallen in 11 countries and remained stable or broadly stable in 13
The trend inflation of Oecd countries, in November 2024, remained stable at 4.5%. The Oecd itself reports that in Italy, in the same month, the trend of inflation rose to 1.3% from 0.9% in October. Overall,... more
Economy and financeMore Old Wild West finance spin
QuattroR fund would be interested in 20% of the Cigierre chain
The QuattroR fund, chaired by Franco Valeri and led by Francesco Conte, would be ready to enter Old Wild West with a minority stake of around 20% through a capital increase. For now this is only an indiscretion,... more
Economy and financeMarr is awarded SME status
The recognition of the food company of the Cremonini Group allows the increase from 3% to 5% of the share capital
Marr S.p.a., a leading company in Italy for the marketing and distribution of food and non-food products to the foodservice sector, has been awarded the SME status. The company of the Cremonini group itself... more
Economy and financeItalian extra-EU trade: exports and imports on the rise
Sells abroad are going strong especially in Türkiye, OPEC countries, ASEAN countries and UK /Istat Annex
In November 2024, Istat estimates, for trade with non-EU27 countries, a strong cyclical increase for both flows, slightly larger for exports (+5.6%) than for imports (+5.3%). The monthly increase in exports... more
Economy and financeAmbienta cedes Wateralia
The fund will continue to support the company for investments in the water sector
Ambienta Sgr, one of the largest asset managers in Europe focused entirely on environmental sustainability, announces the divestment of Wateralia, platform company of the Fondo Ambienta III. Wateralia... more
Economy and financeNestlé awards Nigerian students: 5 of them will receive internships in Switzerland
Needs YOUth Program is investing in new African human resources
For the thirteenth consecutive year, Nestlé has awarded twenty young Nigerians who completed their technical training program in Agbara with highly recognized City & Guilds certifications. Additionally,... more
Economy and financeWomen and young people in agriculture: EIB funding of 3 billion euros
Soil health, digital tools, water management and climate resilience among the objectives of the package
European Investment Bank (EIB) Group President Nadia Calviño has announced a €3 billion financing package for agriculture, forestry and fisheries across Europe, along with measures to strengthen agricultural in... more
Economy and financeLigabue (maritime catering), contracts for 500 million
The Venetian society signs agreements in Algeria, Kazakhstan and area of the Gulf: closing 2024 revenues +22.5%
As it expands its portfolio and continues its expansion abroad, it strengthens its positioning and global leadership in the primary backbone of Energia della Ligabue S.p.a., a company founded in 1919 in... more
Economy and financeEurostat, two-speed retail sales in Europe
In October, the seasonally adjusted volume of trade falls by 0.5% in the Euro area and by 0.3% in the EU-27
Mixed data from the Eurozone’s retail sales in October 2024. According to Eurostat, the European Union’s statistical office, in October 2024 compared with September 2024, the seasonally adjusted volume of... more
Economy and financeEU. Eurostat: spice imports at 339,800 tons in 2023
Volumes increased by 44% in 10 years. Ginger (114 thousand tons) and paprika (110,600 thousand) at the top of the ranking
In 2023, the European Union imported 339,800 tonnes of spices from non-EU countries. China was the main supplier of spices, accounting for 39% of all spice imports to the EU, according to Eurostat. The... more
Economy and financeHenoto Group (BolognaFiere) shopping in the Usa
Acquired FM Exhibit based in Atlanta (Georgia), specialized in exhibition venues
The Usa, Mexico, the Middle East and Asia are among the most attractive foreign markets for Italian companies, areas at the heart of all export strategies and where our main brands are entering to open... more
Economy and financeCreation of a health fund by 21 Invest (Benetton)
Closing at 70 million euro and target at 150 million: invests in nutraceutical and wellbeing companies
The first specialised fund of 21 Invest, a European investment group founded by Alessandro Benetton with offices in Italy, France and Poland, is born. The new fund is called 21 Invest Healthcare, and it... more
Economy and financeNestlé increasingly supporting employees
For the fifth consecutive year, the group is ranked among the "World's Best Employers"
For the fifth year in a row, Nestlé was named one of the "World's Best Employers" by Forbes, consistently improving its placement each year in both global and category rankings. The list is based on input... more
Economy and financeTrump, Pimco confirms fears about the policy of duties
China under pressure: "investigations" begin for other tariffs
Donald Trump has won his second (and last) mandate to the White House, and this time, the Republicans have managed to win a majority in both the Senate and the House, situation that will allow the new... more
Economy and financeEViso first quarter closed with strong growth
July to september revenues +67%: Smartmele platform delivered 159 tons of fresh apples
EViso, a company listed on the Euronext Growth Milan market and owner of an artificial intelligence infrastructure operating in the raw materials sector (electricity, gas, apples), announced the main figures... more
Economy and financeDe' Longhi, 9 months of growth
Revenues up 11.6% to over 2.2 billion euros
The De' Longhi Group approved the consolidated results for the first nine months of 2024, with revenues of over 2.229 billion Euros, up 11.6% (4.1% at constant perimeter) compared to a year earlier. The... more
Economy and financeEU: agricultural production value drops in 2023
Eurostat: trend reversal compared to the increase that began in 2010 and culminated in 2022
According to Eurostat, in 2023, agricultural production in the European Union was valued at €537.1 billion at basic prices, down 1.5% compared to 2022 (€545.4 billion). This slight decline compared to... more
Economy and financePozzi (EasyLife), order of 1.6 million from Poland
New contract for the company active in the table fashion sector
Pozzi Milano, a company active in the table fashion sector, announces the acquisition "from an important European distribution chain" of a new order worth more than 1.6 million euros, related to the sale... more
Economy and financeNestlé Italy: Paid Corporate Volunteering for at Least 450 Employees
To the Group, a medal of merit from the Red Cross for the support provided during the Covid emergency
Projects launched for the social and work inclusion of people with disabilities and refugees more
Economy and financeIntesa Sanpaolo/2. SMEs account for half of Italian exports
Italian investments increase by 35.7% from 2016 to 2023, compared to Germany which improves by only 4.5%
In recent years, the Italian economy has shown better growth than the average growth of the euro area. An important boost has come from the excellent results obtained on international markets, where Italian... more