SUBSCRIBE

Breaking News on Food & Beverage Development - EuropeUS edition | Asian edition

News > Market Trends

Insolvent South Korean confectionery company nears sale

Creditors of South Korea's Haitai Confectionery will arrange 395 billion won ($304.3 million) in loans to sweeten the sale of the insolvent company to a...

Insolvent South Korean confectionery company nears sale

Creditors of South Korea's Haitai Confectionery will arrange 395 billion won ($304.3 million) in loans to sweeten the sale of the insolvent company to a...

Malaysian gov encourages food exports

In the first four months of the year, Malaysia's worldwide exports of food products reached RM1.17 billion (Euro 363 m). The figure for the entire...

Del Monte shares plunge

Shares of Singapore's Del Monte Pacific Ltd sank to an eight-month low on Monday after the processed food producer served up a profit warning. ...

Del Monte shares plunge

Shares of Singapore's Del Monte Pacific Ltd sank to an eight-month low on Monday after the processed food producer served up a profit warning. ...

Covent Garden soup Co. considers bid

The Covent Garden fresh soup plant in Modesto, US has closed down, laying off most of its 25 employees, Bee paper reports. The move...

Condensed milk for confectionery

US confectionery maker M&M/Mars will launch a new M&M variety, Dulce de Leche-Caramel Chocolate Candies, this month in San Antonio and four other cities as...

Cocoa industry reacts after "no child labour"bill

On July 13, cocoa industry players said that moves in the United States to eradicate alleged child slavery from Africa's cocoa industry via a new...

Scandal hits Mexican sugar giant

Mexico's Federal Comptroller said on Thursday that sugar giant Consorcio Azucarero Escorpion (CAZE) made false statements to receive about $11.1 million in export subsidies between...

Guarana drinks arrive in Portugal

AmBev, the Brazilian drinks group, launched its Guarana Antarctica soft drink in Portugal on July 12 in what it said was a cautious first step...

High banana prices aid Dole profits

Dole Food Co. Inc., the largest U.S.fresh fruit and vegetable producer, said on Thursday that higher banana prices, fresh fruit sales and cost-cutting upped second-quarter...

Doosan denies Interbrew interest in brewery

South Korean food and beverage company Doosan Corp said on Wednesday its talks to sell a stake in Oriental Brewery Co (OB) were at the...

Pernod Ricard choosing bidder for BWG

The French beverage group Pernod Ricard has received seven offers for BWG, its Irish and British wholesale distribution business, in a deal that could be...

Poor results for Burger King and Pillsbury

On July 12, Diageo, the UK drink company, reported strong sales and volumes at its premium drinks business but warned of a poor second half...

Soy milk producer reports slow profit growth

Hong Kong food and beverage companies Fairwood Holdings and Vitasoy International reported worse-than-expected results on Thursday, as newly-enforced mandatory pension benefits and foreign expansion ate...

Pepsico steps up race to acquire Cosmos

US soft drink giant Pepsico Inc has teamed up with the Carlyle global investment group to try to outbid San Miguel Corp in the race...

Pepsico steps up race to acquire Cosmos

US soft drink giant Pepsico Inc has teamed up with the Carlyle global investment group to try to outbid San Miguel Corp in the race...

Global brewer sells debt securities

Anheuser-Busch Cos. Inc., the world's largest brewer, filed with the U.S. Securities and Exchange Commission on Thursday to periodically sell up to $1 billion in...

Daregal buys frozen herbs

French herb specialist Darégal announced this week that from July 1 2001 it has taken over the frozen aromatic herbs activity of French food company...

San Miguel in talks with RFM regarding CBC

The Philippine's food and beverage company San Miguel Corp said on July 11 that it hoped to clinch a deal by next month to buy...

French farmers confirm interest in Beghin-Say

French farmers have confirmed their interest in buying Beghin-Say, the sugar producer, saying they do not want to sit idly as the European sugar sector...

Asahi Breweries & Kirin Brewery fight for No. 1 spot

Figures released on July 11 showed that Kirin Brewery and Asahi Breweries, the two largest Japanese brewing companies, were neck-and-neck in beer market share for...

IngredientsNet.com suspends activities

Irish-based ingredients B2B platform IngredientsNet.com announced this week that it is to suspend operations due to a lack of investment. The suspension will have immediate...

Miller Brewing and Grolsch in alliance talks

Royal Grolsch NV, the Dutch brewing company, announced it entered into a multi-year alliance with Philip Morris Companies Inc. unit Miller Brewing Co. for various...

The online grocer Webvan closed down

Webvan, the US online grocer filed for bankruptcy protection on July 9, shutting down its operations, laying off 2,000 staff and ending one of the...