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LATEST NEWS
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KTDA factories sink into US$200.46M debt as regulator uncovers widespread borrowing irregularities
Audit reveals major financial mismanagement in KTDA-run factories, exposing unapproved loans, inflated assets, and severe cash flow gaps.
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NAFDAC shuts warehouse for illegal bulk MSG sales, seizes counterfeit products
NAFDAC closes Suleja warehouse, confiscates illegal MSG and counterfeit goods valued at over N47 million.
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PepsiCo to cut costs, review North America supply chain after talks with Elliott
PepsiCo launches major cost-cutting and supply chain review following pressure from activist investor Elliott.
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Trump orders creation of task forces to probe anti-competitive conduct in U.S. food sector
New federal task forces will investigate alleged price fixing and foreign influence in America’s food industry.
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EU approves Mars’ US$35.9B acquisition of Kellanova after competition probe
The European Commission has cleared Mars’ multibillion-dollar takeover of Kellanova following an extensive competition assessment.