Europe

Mars To Acquire Kellanova In Mega $36bn Deal

Mars said it would buy Kellanova in a nearly $36 billion (€32.7 billion) deal, making it the biggest buyout in the packaged food industry.

VOG Consortium Optimistic Despite Projected Fall In EU Apple Volumes

Despite a projected decline in apple production across Europe due to climate change and shifting market demands, the VOG Consortium remains optimistic.

Lotus Bakeries Sees Sales Grow By Almost A Fifth In First Half

Belgian snacking giant Lotus Bakeries has reported a 19.6% year-on-year increase in sales, to €599.3 million, in the first half of its financial year...

Organic Growth, Operating Efficiency Boost Illycaffè's H1 Results

illycaffè has reported 'strong' financial results for the first half of 2024, with revenues increasing by 3.8% to €289.1 million, driven by gro...

Thai Union Posts Q2 Profit Growth Following Recovery Across Business Units

Seafood giant Thai Union has reported growth in second-quarter net profit as its ambient, pet, and value-added business divisions continued to recover.

Kellanova Raises 2024 Forecasts On Stable Snacks Demand In North America

Kellanova raised its annual organic sales and profit forecasts as consumers opted for its breakfast cereals and ready-to-eat snacks such as Pringles despit...

Kraft Heinz Cuts Annual Organic Sales Forecast As Demand Wanes

Kraft Heinz slashed its organic sales forecast for 2024, signalling that higher prices of its snacks and ready-to-eat meal kits would p...

Ontex Lifts Guidance Following Good Performance In First Half

Ontex has lifted its guidance for full-year 2024 after volume growth and cost transformation boosted profitability in the first half of its financial year.