Colombian Chocolate Manufacturer Luker Chocolate has announced it has acquired a majority stake in Slovakian Lyra Group in a deal that will strengthen Luker’s product capabilities and increase flexibility in logistics for European clients.
Mondelēz International has announced net revenues grew 8.1% year-on-year in the third quarter this year, driven by stronger pricing and volume. The Chicago-headquartered company also raised its full-year results forecasts and announced more price hikes...
The Mexican bread titan reported record sales and profits for Q3 2022, along with the acquisition of the UK bakery manufacturer, in a deal thought to be worth more than £300m.
Oat m!lk chocolate brand, HAPPi, is teaming up with Luker Chocolate to create Kids for Nature, an exciting new project that aims to protect the remarkable wildlife of Colombia by educating the next generation to become guardians of their ecosystem.
The Mexican bakery giant reported a doubled second-quarter net profit and raised its sales and operating earnings outlook, citing strong demand from regions including the US and Europe.
JBS has set targets to stamp out deforestation in its supply chain and move to net zero emissions by 2040. Former World Wildlife Fund (WWF) sustainability expert Maurício S. Bauer tells us why he has decided to transition from the NGO sector and join...
Connecticut-based healthy snack food brand GoodSam Foods has announced a new venture with Colombian chocolate manufacturer Luker Chocolate to boost educational programmes in cocoa communities.
Bimbo Bakeries USA (BBU) has released its 2021 Diversity, Equity & Belonging report, highlighting its successes over the past 10 years, and laying out goals for the next three.
With the help of a $7m fundraise, Startup De La Calle is bringing to more Americans nationwide a modern version of the beloved and naturally functional Mexican “street vendor treat” tepache – a probiotic beverage made from fermented organic pineapples...
Mexican bakery giant Grupo Bimbo posted a 66.9% increase in fourth quarter net profit, along with a 74.7% bump up for FY 2021 to reach 15.9 billion pesos ($78m).
Grupo Bimbo, owner of well-known bakery brands including Sara Lee and Thomas English Muffins, is leading a Series A funding round for Ecuador-based LiveKuna, an emerging brand of superfood snacks, cereals, pastas, and alternative baking flours.
Diageo will expand its manufacturing footprint in Mexico with an investment of more than $500m in new facilities in the State of Jalisco: supporting the company’s growth in the tequila category.
The Swiss-Irish group continues to simplify its business model with the sale of its Brazilian operations to Grupo Bimbo SAB de CV. Its aim to rebuild as a bakery leader in Europe and Asia has also been given a boost with a new €500m revolving credit facility.
The alarming UN climate change report was put out over a week ago, but UN Secretary General Antonio Guterres’ “code red for humanity” message still haunts many as humans continue to cause much of the extreme weather by emitting greenhouse gases.
The Mexican bakery giant posted new highs for the second quarter – with a 16.2% increase in sales and adjusted EBITDA growing nearly 37% – as it motivated to revitalise those channels and categories that suffered during the pandemic.
Building on a global coffee alliance formed in 2018, Nestlé and Starbucks have announced a new collaboration to bring Starbucks RTD coffee drinks to select markets in Southeast Asia, Oceania and Latin America from 2022.
Santiago-based food tech company NotCo has raised $235m in a Series D round led by Tiger Global and supported by DFJ Growth Fund, ZOMA Lab, athletes Lewis Hamilton and Roger Federer, and musician and DJ Questlove, taking its cumulative funding to $350m...
Coca-Cola’s Topo Chico Hard Seltzer has entered a buzzing – but also competitive – hard seltzer market. What has the company learned from its first months in the US and other markets? And with the brand representing Coca-Cola’s first global push into...
Entering into the second half of 2021, Unilever said it will accelerate pricing across its product portfolio to offset the rising costs of transportation and commodities such as soybean oil.
With digital commerce sales accelerating during the pandemic and expected to climb from $35 billion to more than $250 billion by 2025, Danone North America is reallocating traditional marketing dollars to online in a bid to better drive consumer engagement...
Corona is launching sustainable, renewable packaging made from surplus barley straw in South America this month, an innovation that it hopes to roll out globally in the future.
AB InBev’s Brazilian beer business delivered strong performance in 2020, despite the challenges of the year. A combination of speedy innovation, premium brand strength and digital developments have been the key to success in the country, says the company....
The world’s largest bakery company posted outstanding financial results, reported significant market share gains, was recognised as one of the world’s most ethical companies for the fifth consecutive year and increased its global use of renewable electricity...
The Kraft Heinz Company’s recently released ‘transformation plan’ detailed the group’s strategy to deliver consistent growth, with top line gains led by its international business. FoodNavigator speaks to International Zone President, Rafa Oliveira, to...
Growth in RTD alcohol has exceeded Brown-Forman’s expectations this year: with the spirits giant championing a boom in Jack Daniel’s RTD and recent acquisition Part Time Rangers. But is the growth in RTD alcohol just a reaction to coronavirus or a long-term...
Orbital Insight’s technology will combine satellite images of Indonesia and Brazil with geolocation data to provide specific information on ‘the first mile’ – the journey that palm oil fruit or soybeans travel from the plantation to a mill. “With a clearer...
Nestlé said it is developing a wide range of plant-based dairy alternatives that are nutritious, great-tasting and have a favorable environmental footprint.
Businesses across the country are adapting with lightning speed to adjust business plans, and in some cases, change their business model overnight, in order to adapt and survive as large swathes of the population go into lockdown.
Brazil's Marfrig pledges to keep all its meat plants operating; Mercado Libre cuts commission for non-perishable food products; Ambev brewery is now producing alcohol gel. We take a look at how the food industry is responding to the coronavirus outbreak...
The Mexican bakery giant has invested $146m into its initiative to grow its electrically powered fleet to make emissions-free deliveries in Mexico City, Guadalajara and Monterrey.
Ice cream is a treat for most children, but a startup in Chile is incorporating a strain of probiotics as a healthy supplement in the form of a daily snack.
Starting in Mexico and Brazil, Nestlé will plant three million trees, restore degraded ecosystems and help farmers switch to agroforestry methods in a bid to make its supply chain more resilient.
Brazilian plant-based startup Fazenda Futuro, recently valued at US$100 million, will launch vegan sausages made with a seaweed skin for crispiness next month. “We came to revolutionize this outdated, animal meat market," says its founder.
A commitment to transparency and traceability can have a real ROI when it convinces consumers that a brand aligns with their ideals, said an official with Gaia Herbs.
As Swiss nutrition and health company, Nestlé, plans to gear its strategic development and investment efforts towards Mexico, NutraIngredients-LATAM caught up with a spokesperson from Nestlé about what we can expect to see from its cash injection.
FoodNavigator's weekly round up of new products from around Europe includes the launch of instant Starbucks coffee from Nestlé, a move the company says delivers a convenient premium coffee experience. Elsewhere, health and wellness drives saw the...
Founded in 2007, Sanam has been upcycling the waste leftover after coffee production to create value-added products for food, beverage, and nutraceutical industries.
Less than a month after launching its private label line offering customers custom ratios of CBD and other minor cannabinoids, Socati is targeting the hot beverage market with a line of CBD-infused coffee additive products.
Marfrig Global Foods finished 2019 with record returns, posting R$14.2 billion in fourth quarter revenue, a 23.5% increase year-on-year. Adjusted EBITDA for the quarter was R$1.6 billion, up 70.2% from the same period last year.
For the sixth consecutive year, baked-goods company Grupo Bimbo topped the Merco ranking of companies with the best corporate responsibility and governance practices in Mexico.
An Internet of Things (IoT) kitchen appliance that cooks gourmet desserts made with clean label ingredients in minutes is looking to shake up the dessert category, says its Argentinian founder.
