04 July 2023
04 July 2023
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Costa’s board has granted an eight-week due diligence period to the minority shareholder, private-equity firm.
The company says no consumer products have “tested positive” but some production lines halted.
The injection will allow Monde Nissin to produce two of its bakery brands at the expanded facility.
The Italian-food group, backed by private-equity firm Alcedo, purchased the company from the Birolo family, who will remain involved as investors.
Mondelez International is not alone in exploring the potential of AI. Dean Best speaks to Joe Manton about how the company uses the tech in its R&D.
The deal marks a quickfire addition to new bakery business.
Current CEO and co-founder Marcus Brown has relocated to the North American division of the company.
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