News for the baking industry
Minneapolis / MN. (gm) General Mills Inc. reported results for the first quarter ended August 30, 2020. «We continued to drive exceptional results this quarter, highlighted by broad-based market share gains amid elevated at-home food demand due to the Covid-19 pandemic,» said Chairman and…
Los Angeles / CA. (cpk) California Pizza Kitchen (CPK) announced the openings of restaurants in three global markets: Manila, Philippines; Daegu, South Korea and Salt Lake City. The opening of these new franchise locations marks the beginning of CPK’s emergence from its restructuring…
Dubai / UAE. (dgc) The Investment Corporation of Dubai (ICD), in partnership with Dubai South, announced the launch of Dubai Global Connect (DGC), a 1 million square meter B2B wholesale market in Dubai which will bring together buyers and sellers to safely and easily trade great goods…
Pittsburgh / Chicago. (khc) The Kraft Heinz Company announced that it has entered into a definitive agreement to sell its Natural, Grated, Cultured and Specialty cheese businesses to a U.S. affiliate of Groupe Lactalis for a purchase price of USD 3.2 billion USD. The proposed transaction…
Zurich / CH. (aag) Upon request of the Shareholder Group represented by Veraison, the Aryzta Board of Directors convened an EGM which was held today. Shareholders representing in excess of 82 percent of shares eligible to vote approved all of proposals put forward by the Shareholder Group. The…
Bremerhaven / DE. (eb) Where will upcoming events lead Aryzta AG? There are several possibilities and opinions. Perhaps the long announced Extraordinary General Meeting can bring clarity. Until then every decision maker positions himself as best he can. Recent…
Chicago / IL. (mdc) McDonald’s Corporation has announced a global partnership with TerraCycle’s circular packaging service, Loop, to test a new reusable cup model for hot beverages. The initiative, which will first be trialed in 2021…
London, UK / Rotterdam, NL. (ul) Unilever announced that it has signed an agreement to acquire Liquid I.V., a U.S-based health-science nutrition and wellness company. Based in El Segundo, California, Liquid I.V. was founded in 2012 by entrepreneur Brandin Cohen. Liquid I.V.’s electrolyte drink mixes utilise Cellular…
El Segundo / CA. (bmi) Beyond Meat (Jiaxing) Food Company, Limited, a wholly-owned subsidiary of Beyond Meat Inc., has signed an agreement with Jiaxing Economic + Technological Development Zone (JXEDZ) to design and develop manufacturing facilities in the JXEDZ, including…
London / UK. (abf) Food, ingredients and retail group Associated British Foods PLC (ABF) issues the following update prior to entering the close period for its full year results for the 52 weeks to 12 September 2020, which are scheduled to be announced on 03 November 2020. Trading…
