investment
WNWN Food Labs gains major funding for scaling up cocoa-free chocolate
British-based WNWN Food Labs, a cocoa-free chocolate business has confirmed a key step in its development, after raising $5.6 million to enable scaling up of its operations, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Multi-million backing set to enable Love Cocoa’s first retail store
A key investment of £4.25 million for UK confectionery group Love Cocoa is set to enable the development of its first retail store and expand its management team to grow the business to the next level, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Sustainability
NCA confirms 2023 future industry leadership programme intake
The National Confectioners Association has confirmed its latest intake of six confectionery industry professionals selected for the 2023 Future Leadership Programme, representing a broad cross-section of the sector, reports Neill Barston.
Business news, Cocoa & chocolate, New products, Packaging, Processing, Regulatory, Sustainability
EU ‘Team Europe’ major funding for cocoa sustainability welcomed by Ivory Coast
The EU is reportedly set to deliver €450 million in support funds towards assisting the Ivory Coast tackle major cocoa sector sustainability challenges of deforestation and child labour, according to the West African government, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Sustainability
Ferrero breaks ground on multi-million US Kinder Bueno production facilities
Plans for a key $214 million expansion of Ferrero North America’s Kinder Bueno production facility in Bloomington, Illinois, have taken a key step forward as the business broke ground on the major project, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Regulatory, Sustainability
Barry Callebaut increases global sales, despite dip in annual profits
Barry Callebaut has reported improved sales revenues of CHF 8.1 billion for the year, up 14.6%, with general growth across its international operations, despite a downturn in profits amid notable global challenges, writes Neill Barston.
Business news, Cocoa & chocolate, Packaging, Processing, Regulatory
Exclusive: Lakrids by Bülow continues global expansion plans for liquorice lines
While liquorice may not be universally popular, one business, Lakrids by Bülow, is aiming to change that with its distinctive premium Danish brand making global waves with expanded retail lines and store creation plans, as Neill Barston discovers speaking to its founder.
Business news, Cocoa & chocolate, Ingredients, New products, Sustainability
Symrise half-year results show business continues key growth trajectory
Flavours and fragrance group Symrise showed strong progress with its latest financial results revealing organic sales growth of 10.2 %, recording an 18.5% year-on-year in revenue gain to € 2,260 billion, reports Neill Barston.
Business news, Ingredients, New products, Regulatory, Sustainability
Mondelēz International reports quarterly growth driven by strong biscuit and chocolate sales
Mondelēz International has recorded a strong sales upturn, with its second quarter results delivering $7.3 billion net revenues, up 9.5% year-on-year, with its chocolate and biscuit interests delivering key growth, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Packaging, Processing, Regulatory, Sustainability
UK luxury confectionery manufacturer Bon Bon’s expands to new production facilities
A sustained period of growth for UK luxury confectionery business Bon Bon’s has enabled its relocation to an expanded new site at Moorside Business Park in Tockwith, Yorkshire, reports Neill Barston.
Business news, Cocoa & chocolate, New products, Sustainability
Significant €50 million investment sees Veracruz Almonds expand European operations
Portugal-based Veracruz Almonds has gained a valuable GlobalGAP seal of excellence, as it expands its operations with plans for a €50 million new production facility, with popularity of the nut variety remaining high within confectionery ranges, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Sustainability
Barry Callebaut unveils location for its multi-million new Canadian chocolate processing site
Barry Callebaut has confirmed the location for its major new $104 million Canadian chocolate factory, which will be created at Bowery Road, Brantford, Ontario, reports Neill Barston.
Business news, Cocoa & chocolate, New products, Processing, Regulatory, Sustainability
Exclusive: Fairtrade prepares for World Confectionery Conference with fresh warning on threat to cocoa sustainability
As he returns once again to our conference, Jon Walker asserts that despite his belief in the ongoing mission of Fairtrade, the cost of living crisis around the world holds major challenges for those farming in the West African cocoa market.
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability
Nutkao invests significantly in new manufacturing facilities
Nutkao – a leading Italian international contract manufacturing company that has been producing creams and chocolates for 40 years – has opened its new “House of Dreamers” research and development facility at its headquarters in Canove di Govone.
Business news, Food safety, Ingredients, Packaging, Processing