WORLD NEWS
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Coca-Cola Israel expands into cultured milk production as US unit updates taste of coke zero
ISRAEL – Coca-Cola Israel, formally known as The Central Bottling Company (CBC), is diversifying into cultured milk production with a new strategic partnership with Israeli…
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Walmart-owned Flipkart to invest in grocery, last mile delivery after raising US$3.6B in latest funding round
INDIA — Flipkart, a rapidly expanding e-commerce giant backed by Walmart, has raised US$3.6 billion in the latest funding round led by Canada Pension Plan Investment. …
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Parle Agro shakes up India’s dairy market with launch of flavoured milk items under ‘Smoodh’ brand
INDIA – Parle Agro, a homegrown beverages firm, has made a foray into India’s dairy segment with the launch of flavored milk products under the ‘Smoodh’ brand. The flavored milk…
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Upcycling ingredients maker Comet Bio raises US$22m to expand manufacturing capabilities
UK – Comet Bio, a UK-based upcycled food ingredients maker, has raised US$22 million in a Series C funding round led by Effingham-based private equity management…
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Conagra Brands lowers full year profit expectations amid rising inflation in the US
US – Conagra Brands, a US-based packaged foods company, is feeling the pinch of the recent inflation levels in the US and has warned that higher raw material and ingredient…