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Princes is facing “substantial” cost increases but the UK group believes its business can perform well if consumer confidence comes under pressure.
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The UK-listed company is working on improving the performance of its seafood and plant-based businesses to “increase strategic optionality”.
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Trade body The Food and Drink Federation stressed volume sales to the EU remain “considerably lower” than pre-Brexit levels.
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Paulig said the sale is part of its “strategy to sharpen focus” on world foods and Tex Mex.
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Ambienta said it will support The Bridge’s goal of becoming “one of the leading players in the sector".
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Poul Weihrauch is to be a “board observer” at the pharma group, which markets GLP-1 drugs under brands including Ozempic and Wegovy.
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Plant-based seafood is arguably dead in the water but optimism prevails that technology can deliver a quality uplift.
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The US food-and-drinks group has just completed the acquisition of organic business Navitas.
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