WORLD NEWS
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Brazil meat giant JBS seeks 100% ownership of Pilgrim’s Pride in renewed focus on America
US – JBS, the world’s largest meat processor, has proposed acquiring the remaining common shares in Pilgrim’s Pride that it doesn’t already own. According to a Reuters report, the Brazilian meat processor has submitted the…
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DIL extends partnership with Costa Coffee as Starbucks renegotiates rent agreements with property owners
INDIA – Devyani International Ltd (DIL), the largest franchisee of Yum Brands in India, has extended its partnership with UK-based, Coca-Cola-owned cafe chain Costa Coffee. According to ET…
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Agthia Group records 61% Increase in H1 profits, plots expansion in Egypt and Saudi Arabia
UAE – Agthia Group PJSC, one of the leading food and beverages companies in the Middle East, has recorded a 61% jump in half-year net profits mainly driven by acquisition synergies…
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General Mills invests US$28m in expansion of US production facility as another Coca-Cola plant closes down
US – American multinational food company General Mills is investing US$28 million in expanding the production capacity of its facility in Sharonville, Ohio. As part of the…
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Oat milk giant Oatly to open third US production facility in Texas to meet surging demand
US – Oatly, the world’s largest producer of oat milk, has announced plans to open a new facility in Fort Worth, Texas in an effort to meet surging demand for…