WORLD NEWS
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Nestlé posts 7.5% organic growth driven by recovery of out-of-home channels and price actions
SWITZERLAND – Swiss food manufacturing giant Nestlé has posted a 7.5% growth in organic sales for the 2021 financial year mainly driven by continued momentum…
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Heineken posts strong full year results, casts doubt on 2023 margin goal due to inflation pressures
NETHERLANDS – Dutch multinational brewing company Heineken has reported stronger than expected earnings in 2021 despite inflation and supply chain pressures having an impact on the…
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Canadian plant-based foods company GFI expands portfolio with acquisition of alternative dairy brand YoFiit
CANADA – Global Food and Ingredients Inc., a fast-growing, Canadian plant-based food and ingredients company, has acquired Your Fitness Dish Inc., to expand its presence in…
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DSM full year profits surge 21% as transition to health, nutrition and bioscience hits fever pitch
NETHERLANDS – Dutch multinational nutrition and health company Royal DSM has published its full year results where adjusted net profit soared 21% to €858m ($973.5m). …
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Qatari dairy giant Baldana to help set up US$500m integrated dairy project in Philippines
PHILIPPINES – Baladna Qatar Public Shareholding Company (QPSC), the largest dairy company in Qatar, is partnering with the government of the Philippines to set up…