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Grupo Bimbo to lower capex into 2025 amid profit slump
Grupo Bimbo expects to cut its capital expenditure in 2024 and the following year the Mexican bakery major reported falling …
Fazer considers cutting 185 jobs after Baltic bakery consolidation
Fazer Group is considering consolidating both of its Baltic-based bakeries into one production unit in Latvia which could lead to …
Hochdorf refines disposal plan to encompass all business operations
Hochdorf has turned its attention to a sale of the holding company’s entire production business in Switzerland and overseas for …
“Are we low-carb? Or are we the right amount of carbs?” – Srsly’s founder on healthy trends and the keto diet
Srsly Low Carb is a UK-based maker of low-carbohydrate bread, pasta, noodles and pizzas. Founder Andy Welch started the business …
Olymel to close another meat facility in Canada
Poultry and pork processor Olymel plans to close a meat facility in its home market of Canada because of falling …
Kroger, Albertsons to sell more stores in push for merger approval
Kroger and Albertsons have set out plans to sell more stores to C&S Wholesale Grocers in a bid to get …
Argentina sees sharpest drop in beef consumption for 30 years
The decline in purchasing power in Argentina has led to the steepest drop in the country's beef consumption in 30 …
US unions accuse PepsiCo of unfair labour practices
Five Teamsters unions in the US have filed charges of unfair labour practices charges against PepsiCo, claiming it the food …
Unilever’s ESG rollback causes dismay
There were a lot of questions surrounding Unilever’s future strategy when, back in February 2023, the FMCG giant announced Hein …
SBTi chief seeks to allay fears over Scope 3 policy shift
Climate-certification organisation Science Based Targets Initiative (SBTi) has sought to diffuse tensions with its own staff over its proposals on …
Fonterra sells stake in Lithuanian dairy group Rokiškio Sūris
Fonterra has agreed to sell its minority stake in Lithuanian dairy business Rokiškio Sūris as part of its “strategic long-term …
War of words continues in South Africa-EU citrus fruits spat
The organisation representing Spanish citrus fruit growers has entered into the row over the importing of South African produce into …
Unilever dials down sustainability targets for more “focused” green strategy
Unilever has dialled down some of its sustainability targets in order to become more focused on “allocating resources”. Setting out the …
French retailers must display ‘shrinkflation’ information
France's government is making it mandatory for retailers in the country to identify which food and drink products have been …
Forward Consumer Partners buys majority stake in Firehook Bakery
US private-equity firm Forward Consumer Partners has acquired a majority stake in local baker and cracker maker Firehook Bakery. Pierre Abushacra, …