WORLD NEWS
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Pots & Co to expand US presence following investment from General Mills’ venture capital arm
UK– General Mills’ venture capital arm 301 Inc is leading a multistage investment of up to £15 million ($20 million) into the business of leading…
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Irish bakers latest casualty of Brexit trade deal as new tarrifs cause rise in product costs
UK – The UK’s new Trade and Cooperation Agreement (TCA) with the EU is resulting in additional tariffs being applied to Irish flour imports. The…
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Diageo records US$3B in half-year profits boosted by strong growth in US spirit sales
UK – British multinational alcoholic beverage company,Diageo has reported an operating profit of £2.24 billion (about US$3.07 billion) in half year profits. The unprecedented results…
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Private equity firm Vestar Capital Partners acquires Dr. Praeger’s Sensible Foods
US – Dr. Praeger’s Sensible Foods, one of the pioneers in the plant-based and better-for-you food space, has been acquired by Vestar Capital Partners –…
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Global tropical fruit processor Frutco partners Fooditive to develop sweetener from banana peels
SWITZERLAND– Global tropical fruit processor Frutco and plant-based ingredient supplier Fooditive have teamed up to develop a new sweetener line from banana peels in an…