WORLD NEWS
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European retail giants Tesco, Carrefour end purchasing agreement after a three-year stint
EUROPE – British multinational grocery retailer Tesco and French retailer Carrefour have split after terminating a three-year alliance initially designed to trim costs. A statement from both…
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Kraft Heinz to acquire Turkish sauce company Assan Foods to bolster presence in EMEA
TURKEY – Leading American multinational food company Kraft Heinz has agreed to acquire Turkish sauce company Assan Foods from Kibar Holding in a deal that will…
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PepsiCo’s Frito-Lay announces US$200m investment in US snack facility expansion
US – Frito-Lay, a division of US snack and beverage giant PepsiCo, has announced an investment of US$200 million into the further expansion of its Rosenberg…
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Symrise opens new innovation center in Dubai to better serve Middle East clients
DUBAI – Symrise, a major producer of flavors for the food industry, has established a new innovation center in Dubai in order to deliver better taste solutions customized for the Middle East region. The company is reported to have…
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Tyson Foods bolsters sustainability efforts with new goal to achieve net zero emissions by 2050
US – Tyson Foods, the world’s second-largest processor, has set a goal of achieving net zero greenhouse gas emissions across its global operations and supply chain…