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In October, the European Parliament approved a negotiating position to restrict the use of terms such as “steak” and “sausage” to products containing meat.
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The talks were on moves to standardise and simplify sustainability reporting and due-diligence obligations for businesses operating within the EU.
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The US$664m deal for Stampede will add to Premium Brands’ foodservice presence in the US.
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The Italian plant-based business has an option to take full ownership of Kele & Kele in three years.
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The Lithuania-headquartered group is investing €43m ($50.4m) across the wider business in the 2025-2026 financial year.
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The South African company is retaining the Denny brand but licensing it to the buyer of the mushroom operations.
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With the ice-cream demerger now completed, speculation returns to Unilever’s future in food or the prospect of select asset disposals.
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One of the key objectives laid out by PepsiCo in its strategy update is "implementing sharper everyday value".
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