investment
Ingredients group Döhler makes major investment into Nukoko alt-choc business
German-based ingredients group Döhler has made a major strategic investment in support of start-up business Nukoko, which is among pioneers working to develop the first cocoa-free ‘bean-to-bar’ chocolate, writes Neill Barston.
Business news, Cocoa & chocolate, Food safety, Ingredients, Regulatory, Sustainability
Nestlé posts downturn in results, despite confectionery sales remaining resilient
Nestlé has released its latest results, with the company’s nine-month figures revealing sales of CHF 67.1 billion, down 2.4% from 68.8 billion for the same period last year, amid a warning from CEO Laurent Freixe that ‘demand would remain soft’ given weakened consumer spending, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Mondelēz International posts third quarter upturn, though market tests persist
Against a backdrop of continuing sector challenges, Mondelēz International has recorded an upturn in its third quarter results for 2024, posting net revenues of $9.2 billion, up 1.9% year-on-year, as the business continues a strong pipeline of innovation, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability
Cargill moves to meet enhanced demand with new Indonesian cocoa processing plant
A surge in demand for cocoa-linked products has seen Cargill confirm the launch of an additional processing line at its facilities in Gresik, Indonesia, with chocolate retaining a favoured status as consumers seek out an enhance range of indulgent experiences, writes Neill Barston.
Groundbreaking ceremony for Givaudan’s CHF 50 million Indonesian snacks and savoury powder facilities
Fragrance, taste and wellbeing business, Givaudan has unveiled the initial phase of work on its CHF 50 million investment into an advanced production facility in Cikarang, Indonesia, as it continue to commit to the South East Asia region, writes Neill Barston.
Mondelez takes minority interest in Urban Legend doughnut business
US-based Mondelēz International has confirmed its venture capital arm, SnackFutures Ventures, has moved to gain a minority stake in fast-rising UK fresh doughnut and pastry business, Urban Legend, writes Neill Barston.
Mondelēz moves to adopt AI in its global marketing strategies
A major move embracing AI technology has been confirmed by Mondelēz International, as it launches an extensive marketing venture with digital services provider Accenture and the communications specialists, the Publicis Group, reports Neill Barston.
Exclusive: Cargill delivers Deventer manufacturing expansion meeting chocolate coatings and fillings demands
The Cargill group has revealed a significant uprating of production capacity from its coatings and fillings plant by 60% in Deventer, The Netherlands, to help its European customers meet expanded demand for chocolate supplies, reports Neill Barston.
Mars moves to deliver $35.9 billion Kellanova takeover including flagship Pringles brand
A major strategic deal has been agreed by Mars, Incorporated, as it moves to complete $35.9 billion acquisition of Kellanova, the snacks spin-off division of Kellogg’s, including flagship brands, Pringles, Pop-Tarts and Rice Krispies Treats, reports Neill Barston.
UK food and drink business confidence drops 8% as economic and regulatory challenges persist
The Food and Drink Federation’s latest second quarter report has revealed the majority of businesses in the region are preparing to make investment into their operations, but confidence has decreased by 8%, amid notable ongoing regulatory and economic challenges, writes Neill Barston.
Hotel Chocolat offers summer special bakery and savoury releases for UK stores
British premium confectionery brand Hotel Chocolat has released its latest new bakes and savouries collection within its Yorkshire stores in Harrogate, Leeds Trinity, Leeds Springs,, and its latest Ilkley outlet due open next month, reports Neill Barston.
Digital replica of Aldomak fudge firm aims to enhance production capacity
Traditional Scottish fudge making business, Aldomak, is embarking on an ambitious project to digitally replicate its Glasgow factory in a bid to streamline and enhance its operations, writes Neill Barston.
Ukraine-based Roshen confectionery raises operating capital by 33%
Roshen’s Kyiv-based Ukraine confectionery facilities are reportedly set to benefit from a move aiming to bolster its financial position by raising authorised capital level by 33% to a total of 2 billion UAH (Hryvnia) £37 million, writes Neill Barston.
Barry Callebaut gains €700 million financing to secure future activities
The Swiss-headqartered Barry Callebaut Group has reported achieving a major sum of €700 million on the Euro bond capital markets, as it seeks to secure its long-term financial future, writes Neill Barston.