Post
Australian Senate inquiry wants supermarket price gouging made illegal
Supermarket price gouging should be made illegal and there should be divestiture laws to create powers to break up Australia’s …
Hershey tight-lipped on cocoa-linked pricing strategy into 2025
Hershey remains tight-lipped on potential cocoa-linked pricing beyond this year’s hedging contracts as the commodity continues to trade at record …
Popchips owner Our Home acquires cheese crisp maker Sonoma Creamery
US-based snack brand Our Home, the maker of Popchips brand, has acquired local cheese snack business Sonoma Creamery. “The move significantly …
“Parents have given up on a lot of major baby brands” – Little Bellies’ Clive Sher on making inroads into baby snacking
Clive Sher is MD and co-founder of Australia-based Every Bite Counts, a company set up in the mid-2000s that initially …
Nestlé workers in Canada walk out in pensions row
Workers at a Nestlé chocolate products plant in Canada have gone on strike in a row over their pension provisions. Trade …
Amylu Foods snaps up fellow US sausage maker Klement’s
US-based Amylu Foods has announced the acquisition of local sausage making peer Klement’s Sausage Company. Chicago’s Amylu, which specialises in chicken …
Tyson Foods raises profit outlook as chicken segment builds momentum
Tyson Foods has raised its guidance for adjusted operating income on the basis of an improving outlook for the chicken …
Grupo Bimbo to shutter Canadian bakery
Mexican bakery giant Grupo Bimbo is to close a facility in Canada, with jobs set to go as a result. The …
Evercore, Rothschild top consumer-sector M&A advisers in Q1 – data
Evercore and Rothschild & Co. were the top M&A financial advisers in the consumer sector in the first quarter of …
Law firms Wilson Sonsini, Kirkland & Ellis head FMCG M&A lists in Q1 – data
Wilson Sonsini Goodrich & Rosati and Kirkland & Ellis were the top law firms advising on M&A in the consumer …
Meat prices drive up FAO commodity price index
Rising poultry, bovine and ovine meat prices pushed up the FAO’s basket of food commodities in April. Higher meat prices and …
Premier Foods to hand off frozen pizza unit
UK manufacturer Premier Foods has announced plans to stop producing private-label frozen pizza. The move has been made as the …
TruFood Manufacturing to “combine” with US-based snack maker Bar Bakers
US-based co-manufacturer TruFood Manufacturing has completed its “combination” with Bar Bakers, a nutritional snacks maker. Financial details were not disclosed. TruFood’s chief …
Post Holdings lifts profit forecast
Post Holdings has lifted its adjusted EBITDA forecast for its 2024 fiscal year after a jump in profits in its …
Germany’s production of meat substitutes up 17% in 2023
Demand for meat substitute products in Germany rose in 2023, with production growing 17% year on year, the country’s Federal …