Nestlé has sold its Israeli ice cream business to Froneri for an undisclosed sum in a move that sees it fully exit the EMENA ice cream space. As it continues to prune lower growth and margin brands from its portfolio, analysts expect further divestments...
A spike in the level of interest in food tech has resulted in an influx of investment in the sector. Last month, London Food Tech Week brought together a community of start-ups, investors and corporations to spotlight cutting edge innovation.
As The Coca-Cola Company broadens its portfolio, it sees ‘tremendous opportunity’ in coffee: outlining plans for RTD drinks, packaged coffee for the home, and on-the-go occasions through its acquisition of Costa coffee.
Enkco Holding is separating its meat and vegetable protein businesses and re-positioning itself as Vivera Food Group to focus purely on its plant-based products. “The future is plant-based,” the company said.
Online retailer Ocado has a vision: it wants to co-locate vertical farms with fulfilment centres to deliver fresh produce to consumers within an hour of it being picked. In order to explore this possibility, it has announced two vertical farming investments.