bakenet:eu – News for the baking industry

Redwood City / CA. (ifi) A prominent European Union court granted Impossible Foods Inc. a preliminary injunction this week, ordering the global food conglomerate Nestle S.A. to stop using the product name «Incredible Burger.» The District Court of The Hague ruled 27 May that the use of Incredible...

Paris Baguette: Targets Toronto as Growth Market

Wednesday, 03. June 2020

Global Industry

New York / NY. (pbus) As Paris Baguette’s international popularity continues to grow, the bakery-cafe franchise focuses its expansion efforts on Toronto. Based on global demand and steady growth for the bakery market in Canada, Paris Baguette seeks development opportunities in Canada’s most...

Orkla ASA: acquires PepsiCo’s Havrefras brand

Wednesday, 03. June 2020

Market + Management

Oslo / NO. (ok) Through its wholly-owned subsidiary Orkla Foods Sverige AB, Norway’s Orkla ASA has signed and completed an agreement with PepsiCo Inc. to purchase the Havrefras brand, including Rug Fras and Mini Fras, which holds a strong market position in Scandinavia in healthy breakfast cereals.

Covid-19 is making short work of Adelie, right?

Wednesday, 03. June 2020

Market + Management

Heathrow / UK. (eb) In the High Court of Justice, Business and Property Courts Adelie Foods Limited, Adelie Holdco UK Limited, Brambles Foods Group Limited, Adelie Foods Group Limited and Adelie Foods Bidco Limited – together «Adelie Foods» – have filed for administration on 26 May 2020.

Red Robin: Preliminary Sales Results Q1-2020

Wednesday, 03. June 2020

Market + Management

Greenwood Village / CO. (rrgb) Red Robin Gourmet Burgers Inc., a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, provided a business and operational update and reported preliminary sales results for the fiscal first quarter...

Limited offering: Yum China introduces plant-based burger

Wednesday, 03. June 2020

Trends + Concepts

Shanghai / CN. (yb) Yum China Holdings Inc. announced that it is partnering with Beyond Meat Inc., a leader in plant-based meat, to introduce the Beyond Burger as a limited time offering at select KFC, Pizza Hut and Taco Bell locations in mainland China starting June 03. This partnership marks...

Euronext: JDE Peet’s IPO raised 2.25 billion EUR

Tuesday, 02. June 2020

Global Industry

Amsterdam / NL. (jab) Euronext on May 31, 2020, congratulated JDE Peet’s (JDEP), the world’s largest pure-play coffee and tea group, on its listing on Euronext Amsterdam. JDE Peet’s was listed through the admission to trading of the 495,386,168 shares of which 22,222,222 new shares were issued...

Aldi US: Expands Curbside Grocery Pickup

Tuesday, 02. June 2020

Market + Management

Batavia / IL. (aus) Aldi Inc., one of the fastest-growing retailers in the U.S., is expanding its Curbside Grocery Pickup to offer even more options to customers. After a successful pilot in select markets, Curbside Grocery Pickup will be available in nearly 600 Aldi stores across the country by the...

Almarai: announced Q1-2020 financial results

Monday, 01. June 2020

Global Industry

Riyadh / SA. (ac) Almarai Company announced its condensed consolidated interim financial results for the period ended on 31 March 2020. the revenue for the first quarter 2020 amounted to SAR 3,592.4 million, an increase of 8.6 percent as compared to the corresponding quarter of the last year (SAR...

Firmenich: Successfully Completes Acquisition of DRT

Monday, 01. June 2020

Market + Management

Geneva / CH. (fisa) Firmenich International SA, a global leader in the Flavor + Fragrance industry, is pleased to announce the completion of its acquisition of Les Dérivés Résiniques et Terpéniques (DRT). DRT is a world leader in the development and supply of high quality, renewable and naturally...

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Incredible? Impossible Foods prevails against Nestle

Paris Baguette: Targets Toronto as Growth Market

Orkla ASA: acquires PepsiCo’s Havrefras brand

Covid-19 is making short work of Adelie, right?

Red Robin: Preliminary Sales Results Q1-2020

Limited offering: Yum China introduces plant-based burger

Euronext: JDE Peet’s IPO raised 2.25 billion EUR

Aldi US: Expands Curbside Grocery Pickup

Almarai: announced Q1-2020 financial results

Firmenich: Successfully Completes Acquisition of DRT

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