“Whenever you have success, people will try and get a piece of the pie” – Little Moons co-founder Howard Wong on bringing “excitement” to ice cream
Howard Wong talks mochi dough ice cream with Just Food and the potential competition challenge.
01 November 2023
01 November 2023
Howard Wong talks mochi dough ice cream with Just Food and the potential competition challenge.
Oghma Partners estimates £2.6bn ($3.1bn) has been invested in the category since 2016.
The changes, set out by CEO Miguel Patricio before he becomes chairman in January, are part of moves to “accelerate profitable growth”.
Agri-food co-op Terrena is in “exclusive negotiations” to acquire a majority stake in the publicly-listed business.
The loan will help MHP “maintain its operations” and “reduce its carbon footprint”.
The former FrieslandCampina boss was named as Unilever’s chief in January on fixed pay of €1.85m ($1.9m).
Smithfield Foods has taken a 50.1% stake in the cold cuts producer.
The world’s largest bakery group disclosed the deal while publishing its third-quarter results.
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GlobalData estimates that the global dairy & soy food sector will grow at a CAGR of 17% during 2022–27. The healthy eating trend has encouraged consumers to seek alternatives to traditional dairy products. Plant-based dairy alternatives are often perceived as healthier due to their lower saturated fat content. Moreover, increasing awareness about food allergies and intolerances, coupled with consumers’ interest in alternative diets, will drive manufacturers to launch lactose- and gluten-free products.
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