US confirms review of CBD foods regulation
The US Food and Drug Administration believes a “new regulatory pathway” for foods and supplements containing CBD is needed.
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UK food and drink M&A down in 2022 – advisers
Inflation, availability of debt and cost of living are all to blame for lower number of deals – but tick-up is predicted for 2023.
McCormick & Co. to cut jobs in annual cost reduction drive
CEO Lawrence Kurzius described 2022 as “a challenging and volatile year
US infant formula maker ByHeart triples capacity with factory buy
ByHeart said the acquisition in Iowa means it has capacity to produce enough formula for 500,000 infants each year.
Yeo Valley venture capital fund backs UK snack brand The Curators in M&A
The organic dairy brand said it was impressed by The Curators’ distribution channels and “vision to build a leading functional snacking brand”.
Danone moots sale of US organic dairy business
It said US businesses Horizon Organic and Wallaby had a “dilutive” effect on sales growth and are under strategic review.
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Australian consumers still facing double-digit grocery inflation
“Strong price rises were seen across most food and non-food grocery products,” the Australian government reported.
UK competition watchdog to hunt for ‘greenwashing’ on food, drink labels
The probe follows a similar investigation into misleading green claims in the country’s fashion industry.
Tyson Foods CFO ‘pleads guilty to public intoxication and trespassing’
John Tyson, great-grandson of the company’s founder, was found asleep in a stranger’s bed last year.
FDA food-safety chief quits amid news of DOJ criminal probe into Abbott
An earlier report on the infant-formula crisis called for change at the FDA.
Greencore food-to-go volumes hit by UK rail strikes as outlook downgraded
“It’s a difficult, volatile market and the business has got off to a slower start to the year than envisaged” – CEO Dalton Philips.
2 Sisters eyes Anglesey poultry plant closure, putting 730 jobs in doubt
Job losses are mounting in the UK’s food industry, with 2 Sisters the latest to reveal plant closures.
Why the CPG industry should invest more in diversity and inclusion
On the heels of the pandemic and two years of food inflation, the CPG industry needs renewal; a new commitment to innovation. It also needs to do the right thing.
South Africa’s Astral Foods apportions blame for profit warning on energy, water supply disruptions
CEO Chris Schutte warns of potential job losses linked to “demise” of South Africa’s infrastructure.
US regulator unveils plan to limit lead in baby food
The FDA’s initiative has been criticised by one campaign group for not going far enough.
Real Food From the Ground up acquires tortilla maker Food Should Taste Good from General Mills
General Mills acquired Food Should Taste Good in 2012.