Coca-Cola Hellenic says it's too early to comment after the Russian Communist Party called for sanctions on Coke and Pepsi, whose profits the party insists ‘are sent to the corrupt West’.
Success in emerging markets has helped fragrance and flavours giant Symrise to a 9% rise in earnings in the first half of the year, as the company begins to integrate Diana Group in to its business.
The world’s biggest food manufacturing group Nestlé has posted a better-than-expected rise in a key sales figure for the first half of the year despite currency impacts causing a 10% fall in net profits.
Consumer food sales took a hit at Kerry Group from the fragmenting retail market, despite UK brands holding up well, and overall sales growth, the firm said in its interim management report.
A high-tech fish factory to be opened in Senegal later this year is set to become the first facility producing surimi in Africa, according to investment and development fund Hermes-Sojitz.
Coke CEO Muhtar Kent insists Africa is the ‘most dynamic region in the world I can see right now’ as he unveils a further $5bn system investment there and ethical ingredient sourcing plans.
Sales slipped 6% and net profits 11% in Q2 for DSM’s human and animal nutrition arm as adverse currency movements, a slow US vitamins and omega-3 food supplements market and the Asian botulism infant formula scare affected earnings.
DSM subsidiary Yantai Andre Pectin Co. has announced price increases of between 10 and 30% for its complete pectin portfolio in response to 'tremendous cost increases' caused by tight supply chains and rising costs.
Cargill has finalised an exclusive agreement for the distribution of the carbohydrate ingredient TREHA trehalose in the US and Europe, the firm has confirmed.
Kellogg was one of the last companies to join the sponsors’ family of the Glasgow 2014 Commonwealth Games. It supported the Games by providing over 500,000 Nutri-Grain bars to the athletes, volunteers and staff.
Saudi food producer Savola Group announces second quarter profits of US$137m, up 32%, as it seeks to sell its packaging unit and its CEO reveals he is to step down.
Hachez, owned by the Danish Toms Group, will move part of its packaging production from Germany to Poland in an attempt to claw back some of its recent losses.
Chobani's long-running legal battle with rival Fage over its use of the term 'Greek yogurt' in the UK is seemingly at an end, after it was refused permission to launch a second appeal against a 2013 High Court injunction.
The Marc Bakery aims to transform its $1m Russian snack business into $45m in just three years – a possible goal in a country where all-natural remains nascent, its founder says.
Global food and consumer products giant Unilever missed second-quarter expectations as a slowdown in emerging markets and declining prices in developed ones hit sales.
Genius Foods, the UK’s leading gluten-free food producer, made a big investment into its summer campaign after being asked to be an official provider of the Glasgow 2014 Commonwealth Games.
The Mayor of London Boris Johnson has teamed up with drinks firm Coca-Cola Great Britain for a £1M project to encourage Londoners to become more active and tackle obesity.
The founder of Ireland’s best-selling health drink VITHIT insists the brand can succeed in the UK where US vitamin waters have failed, and reveals plans to launch the drink in the States via PepsiCo’s system.
26-year food ingredients veteran Olivier Rigaud is the new CEO of French herbal extracts leader Naturex, moving from tate & Lyle, where he has been the chair of Specialty Food Ingredients since 2010.
UK flavor house Maverick Innovations will set up a US manufacturing hub in the next five years; bolstering its presence with British flavors like banana and custard, its CEO says.
United Biscuits joint owners Blackstone and PAI partners have refused to comment on speculation that they are preparing the company for a public flotation.
Be passionate: love what you do and who you do it for, was the top advice for young people aiming to be the food industry leaders of tomorrow, at an event staged recently by the Food and Drink Federation (FDF).
A 40% increase in operating profits for its chocolate and confectionery fats business unit helped AAK to 'record high' results in Q2, while the firm continues its expansion with a deal to buy Turkish oil brand Frita.
European concerns about the impact of any potential free trade agreement between the European Union (EU) and the USA on food and the environment may throw current negotiations off track.
The German Federal Cartel Office has imposed fines totalling nearly €340 million to firms and individuals found guilty of illegal price fixing of sausages.
Fourteen years after Unilever spent $2.3bn (€1.7bn) to buy Slim-Fast, it has sold up for an undisclosed sum to a private equity player. Analyst and author Julian Mellentin tracks the decline of a mega-brand and considers what he sees as a category in...
Ingredients company DSM has launched a new enzyme for industrial berry juice production, alongside a report showing the environmental, quality and cost benefits of using enzymes.
The head of Tesco’s soft drinks buying team David Beardmore has urged aspiring brands not to turn up at the retailer’s HQ with a lengthy PowerPoint presentation but to do something different.
Premium golden rum The Duppy Share is following in the footsteps of spiced brands like Sailor Jerry’s and wants to offer millennials a great-tasting artisanal spirit at an affordable price.
Associated British Foods (ABF) has blamed lower sugar prices and weak EU sales volumes for its poor sugar revenues in an interim management statement today (July 10).
THE BEVERAGEDAILY BASEMENT TAPES: CHRIS HANNAWAY, OVERLY SPORTS DRINK
Young entrepreneur Chris Hannaway and childhood friend Will Hammersley launched frozen yogurt brand Arctic Farm into Sainsbury’s at the tender age of 19. Now they’re back with sports drink Overly. This is Chris’s story…
Swedish-Danish oils and fats giant AarhusKarlshamn (AAK) has acquired Colombian company Fabrica Nacional de Grasas (FANAGRA), which specializes in vegetable oils and fats for the bakery segment.
With a simple press release issued this week, Carrefour brought to a close its Indian experience by announcing the closure of its trade stores in the country.
Mergers and acquisitions (M&As) of UK companies featuring overseas buyers increased by a whopping 71% in the first quarter of 2014, compared with the same quarter in 2013, according to Trefor Griffith, partner at financial advisory firm Grant Thornton.
Archer Daniels Midland CEO Patricia Woertz insists that WILD Flavors' beverage and taste expertise complement her firm’s expertise in food ingredients and know-how in texture, function and nutrition.
