12 October 2023
12 October 2023
Citation is Cibo Vita’s first outside shareholder. The business’ co-founders Emre Imamoglu and Ahmet Celik will continue to hold a “significant ownership interest”.
The US Department of Labor has identified more cases of children working in the company’s meats snacks factory.
The FSA said increased consumption of CBD over a lifetime could heighten the risk of liver damage and thyroid issues.
The Perfection Pet Foods acquisition will allow Post to insource a portion of its existing pet food category.
Timo Huttunen, director of oilseed products, said the business is aiming to increase branded retail sales.
The retail behemoth also owns a milk plant in Indiana, opened in 2018.
The confectioner's president has been promoted to chief executive following the Apax deal.
CEO Ramon Laguarta said there are “a lot of question marks” about the how widely the drugs could be used and their potential impact on consumption.
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The global healthy snacks market will be valued at $74.6 billion in 2023 and is expected to grow at a CAGR of 6% by 2030, per GlobalData. Increasing awareness of health and wellness among consumers is the major contributor to the growing demand while a rise in vegan and plant-based diets and rising disposable income, and middle-class expansion are also expected to drive market growth. However, this growth is affected by the challenges posed by high cost of ingredients.
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