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Heineken's First-Half Revenue Hit By COVID-19 Lockdowns

Heineken's first-half net revenue fell 16.4% as the impact of COVID-related lockdowns intensified in the second quarter, the brewer said in a statement, se...

Beyond Meat To Sell Plant-Based Patties In Beef-Hungry Brazil

Beyond Meat Inc is to sell its plant-based burgers and sausages at a Brazilian high-end supermarket chain, entering the country about two weeks after launc...

Ornua Invests $10m In North American Division

Kerrygold parent Ornua has announced that it has invested $10 million in its cheese-making facility in Hilbert, Wisconsin. The money will be used to add...

South Africa's Distell Plays Chess To Beat Lockdown Wine Glut

At a centuries-old vineyard overlooked by South Africa's Drakenstein mountain, the country's biggest single wine exporter Distell is battling a p...

Blackstone-Led Group Invests In Swedish Oat-Milk Company Oatly: Report

A group led by private-equity giant Blackstone Group Inc. has agreed to invest $200 million in Swedish oat-milk company Oatly, according to a report in The...

Orkla Sees Consumer Goods Profits Surge, Food Ingredients Slump

Norwegian food conglomerate Orkla has reported a 'marked improvement' in operating profits across four of its five businesses in the second quarter of its...

PepsiCo Beats Revenue Estimates On Snacking Boost

PepsiCo Inc beat analysts' estimates for quarterly revenue and profit, helped by a surge in demand for snacks including Fritos and Cheetos during lockdowns...

Carlsberg Expects Better Than Forecast H1 Operating Profit

Danish brewer Carlsberg has said that it expects a smaller than forecast drop in first-half operating profit as its key Chinese market rebounded strongly d...