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FMCG
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Hormel Foods to spin off Justin’s Brand in majority stake deal with Forward Consumer Partners
Hormel divests majority stake in Justin’s to unlock growth and sharpen brand focus.
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Nestlé completes first phase of world’s largest SAP upgrade to accelerate digital transformation
The company expects to roll out the system to the rest of its global operations within two years.
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Premier Group to acquire RFG Holdings in US$1.62B share-swap deal
The acquisition will create one of South Africa’s largest food producers with combined annual revenue projected at R28 billion.
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Nestlé to cut 16,000 jobs under new CEO in major global restructuring
The restructuring is part of a broader strategy to make Nestlé more agile and performance-driven.
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Nestlé India signs MoU with MoFPI to boost investments in food processing sector
The planned investments will focus on building sustainable, inclusive, and future-ready food systems, alongside strengthening its brand and infrastructure presence in the country.