This week saw the first high-profile sign of Brexit affecting food company costs with a row between Unilever and Tesco over the supplier’s request for 10% price hike. Our M&A pages were busy, with Tyson Foods investing in faux meat business Beyond Meat, Europe Snacks merging with fellow private-label snacks business Kolak Snack Foods and Kellogg snapping up Brazil’s Parati Group.
Tesco and Unilever have locked horns as the UK’s largest retailer resists the consumer packaged goods giant’s attempt to hike prices in the wake of Brexit.
US meat giant Tyson Foods has taken a 5% stake in plant-based protein producer Beyond Meat.
US snacks-to-cereal giant Kellogg has become a “controlling” shareholder in Brazilian snack maker Parati Group through its acquisition of Ritmo Investimentos.
Thai Union Group has made a US$575m “strategic investment” in Red Lobster, a US-based seafood restaurant operator, as the seafood processing giant works to build its “direct-to-consumer” channel.
France-based private-label snacks group Europe Snacks and UK peer Kolak Snack Foods today (10 October) announced the companies had merged.
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US private-equity group TPG Capital is preparing to list Australia’s largest poultry company, Inghams, on the ASX next month.
Nestle plans to grow sales via e-commerce channels in Malaysia through the launch of two “multi-brand wellness stores” in conjunction with local e-tailers Lazada and 11street.