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Mutti Earmarks €100m For Expansion And New Products

Italian tomato-based derivatives producer Mutti plans to invest €100 million to launch new subsidiaries and products as part of its 2024-2028 Strategi...

Italy's Newlat Halts Talks To Buy UK Food Group Princes

Italy's Newlat has halted talks to buy British food group Princes as Japanese seller Mitsubishi Corp rejected a revised proposal for the asset.

Kerry Group Delivers 'Solid Performance' In FY 2023

Taste-and-nutrition firm Kerry Group delivered a 'solid performance' in its financial year 2023 amid a challenging environment, the company said in a preli...

Annual Revenues At Nutella Maker Ferrero Jump 21%

Revenues at the family-owned Italian food group Ferrero rose 21% to €17 billion in the fiscal year ended August 2023, boosted by organic growth and ac...

Kraft Heinz Projects Slower Annual Sales Growth On Tepid Demand

Kraft Heinz forecast slower annual core sales growth, after missing quarterly sales estimates, a sign that demand for its soups, sauces and meat cold...

Majority Of Europeans Consider Ultra-Processed Foods Unhealthy, Study Finds

A majority of European consumers (65%) believe that ultra-processed food items are unhealthy and will cause health issues later in life, according to a new...

Mondelēz Revamps European Operations After Boycotts Over Russian Business, Internal Memos Show

Oreo cookie-maker Mondelēz put new management in place at its profitable Russian business, according to two internal company memos seen by Reuters that rev...