WORLD NEWS
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Ferrero North America appoints Alanna Cotton President
USA — Alanna Cotton has been named president and chief business officer of Ferrero North America, effective September 1, succeeding Todd Siwak, who is stepping…
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Private-equity firm CapVest acquires chocolate-maker Natra
SPAIN— London-based private equity fund, CapVest Partners (CapVest) is set to acquire Natra— a European producer and distributor of chocolates and cocoa products— from Luxembourg-registered…
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Kerry reports 13.3% increase in half-year revenues driven by growth in retail and foodservice channels
IRELAND – Irish multinational taste and nutrition company, Kerry, has posted a revenue rise of 13.3% totaling €4.1 billion (US$4.19 billion) for the first half…
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Major US poultry processors fined US$85m over violating federal antitrust laws
US – Poultry processors Cargill Inc., Sanderson Farms, and Wayne Farms have all been collectively fined US$84.8 million after conspiring to share employee wage and…
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Canola and Soy output forecast bullish amid tightening grain market
GLOBAL— The latest report from the International Grains Council (IGC) indicates a tightening of global grain markets, mainly due to projected declines in corn and…