LATEST NEWS
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ADM to acquire probiotics company Deerland to expand health and wellness portfolio
USA – American multinational food corporation, ADM has agreed to purchase US health and wellness company Deerland Probiotics and Enzymes for an undisclosed sum. ADM…
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Mondelēz International bolsters sustainability strategy with 2050 net-zero emissions pledge
UK – American multinational snacking giant, Mondelēz International has pledged to achieve net-zero greenhouse gas (GHG) emissions across its value chain by 2050 as its…
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Yili beats expectations to register 30% growth in 9-month profits, commits to protect biodiversity in China
CHINA – Chinese dairy company, Yili has reported a 30% growth in profits for the first 9 months of 2021, outstripping expectations and signaling a…
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Danone chooses James Mayer to head its recently combined UK & Ireland business
UK – French multinational dairy company, Danone has appointed James Mayer as president of its newly-implemented business structure. The re-structured business now combines Danone’s specialized…
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Rapid adoption of E-commerce in Egypt’s food, retail sector
Online shopping penetration in Egypt is on the rise attracting investments from e-commerce majors such as Amazon and Jumia. Backed by greater internet penetration, a heavy presence of e-commerce players, and supportive government policies, the sector can only move upwards, creating more opportunities for retailers and greater convenience for consumers.