Dublin-headquartered Valeo Foods – which itself was bought by Bain Capital Private Equity (co-founded by politician Mitt Romney) for £1.5bn in May – has agreed to acquire New World Foods Europe (NWFE) from Australian FMCG entrepreneur Tony Quinn.
The company’s sales dipped in the second quarter, but it expects ‘exciting growth opportunities’ ahead thanks to an ambitious M&A strategy, while the frozen aisle still represents ‘white space growth opportunity’.
All of Kellogg’s 50+ factories around the world have been hit by supply shortages due to a range of disruptions, from a 10-day pandemic lockdown in Malaysia to civil unrest in South Africa, CEO Steve Cahillane told analysts on a conference call.
Oatly has lost its trademark infringement case against British oat milk producer Glebe Farm, claiming that it never saw the dispute as a David v Goliath power play. Glebe calls the case a victory for consumer choice in a growing category.
Nestlé has seen double-digit growth in coffee, where its brands have been boosted by at-home consumption under global COVID lockdowns. As we emerge into the ‘new normal’, what’s the outlook for the category?