Danone has reaped the equivalent of EUR1.6bn (US$1.9bn) from the sale of its 9.8% stake in China Mengniu Dairy Co., completing a plan announced over the past few months to exit the Hong Kong-listed business.
Canada's GreenSpace Brands plans to cut SKUs and farm out its Central Roast nuts and snack mixes business to a third-party manufacturer under a restructuring initiative to save on the loss-making plant-based firm's costs.
Calidad Pascual, the Spain-based dairy business, has joined the ranks of major food manufacturers that have set up an in-house venture arm.
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