Cheese
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Kraft Heinz divests B2B powdered cheese business to Kerry Group
US – The fifth-largest food and beverage company in the world, Kraft Heinz has entered into a definitive agreement to sell its B2B powdered cheese…
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Saputo expands US goat cheese capabilities, reports 24.1% revenue growth in Q1 2023
US- Canadian dairy company, Saputo, is streamlining its footprint in the US through a CAD45million (US$35 million) investment to convert its mozzarella cheese facility in…
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Bel Group acquires majority stake in Chinese cheese maker Shandong Junjun to further growth in China
CHINA – French dairy major, Bel Group, is accelerating its growth in China with the acquisition of a 70% stake in cheese maker Shandong Junjun…
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Shoprite Checkers establishes US$599m evergreen B-BBEE employee trust
SOUTH AFRICA – JSE-listed retailer Shoprite Holdings, through its subsidiary Shoprite Checkers Propriety Limited, has formed an Employee Trust with 40 million Shoprite Checkers’ shares…
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Bel Group appoints Cécile Béliot as new CEO, Antoine Fiévet to assume Chairman role
FRANCE – French multinational cheese producer Bel Group has named Cécile Béliot as its new chief executive officer (CEO) effective May 2021. Béliot comes to…