General Mills: Reports Strong Fiscal Q3-2019 Results
Minneapolis / MN. (gm) General Mills Inc. reported results for the third quarter ended February 24, 2019. Financial results for the third quarter and first nine months of fiscal 2019 include contributions from Blue Buffalo Pet Products, Inc., which was acquired on April 24, 2018. «We had a strong...
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Starbucks Commits 100 Million USD in Valor Siren Ventures
Seattle / WA. (sc) This week Starbucks Corporation announced its pioneering investment in the new Valor Siren Ventures I L.P. (VSV), which will serve as a growth driver for the next generation of food and retail start-up technology companies. Managed by Valor Equity Partners, a leading growth-focused...
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Starbucks Celebrates Global Milestone with 30’000th Store
Seattle / WA. (sc) This week Starbucks Corporation celebrated its 30,000th store – opened in Shenzhen, China – marking a significant global milestone for the company. The 30,000th store, the Starbucks Reserve® Shenzhen Bay Mix City location, is a tribute to the company’s coffee leadership around...
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ADM: announces acquisition of Ziegler Group
Chicago / IL. (adm) Archer Daniels Midland Company (ADM) announced that it has reached an agreement to acquire the Ziegler Group, a leading European provider of natural citrus flavour ingredients. The agreement comes shortly after ADM completed its addition of U.S.-based citrus...
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Barry Callebaut: opens 22nd Academy in Beijing
Zurich / CH. (bc) Swiss Barry Callebaut Group, the world’s leading manufacturer of high-quality chocolate and cocoa products, celebrated the opening of its new office and its new «Chocolate Academy» center in Beijing with customers – global and local food manufacturers, as well as...
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Aryzta AG: announces H1-2019 Revenue Update
Zurich / CH. (aag) Swiss-Irish Aryzta AG announces financial results for the six month period ended 31 January (H1/2019). The company is on track to deliver within its previously guided range for the current financial year, Aryzta said in its statement. Strategic, Financial and Operational Highlights Strategic...
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Goodman Fielder: Wilmar to buy out co-investor
Singapore / SG. (wi) Wilmar International Limited wishes to announce that it has entered into a share purchase agreement dated 11 March 2019 (the SPA) to acquire the balance 50 percent shareholding interest of FPW Singapore Holdings Pte. Limited (FPW) not already owned by the Company, from...
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First Pacific to Sell Goodman Fielder Stake to Wilmar
Hong Kong / HK. (fp) First Pacific Company Limited agreed to sell its 50 percent shareholding (including shareholder loans) in FPW Singapore Holdings Pte. Ltd. (FPW) to Wilmar International Limited, owner of the other half of the joint venture vehicle, for USD 300 million. FPW owns 100 percent of...
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Yum China: Outlines Innovation Powering Growth Strategy
Shanghai / CN. (yb) Following two strong years of profitable growth since the spin-off from Yum! Brands Inc., Yum China Holdings Inc. hosted the 2019 Investor Day in Shanghai, China. At the event, Yum China’s Chief Executive Officer, Joey Wat, and other members of Yum China management...
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Corbion: announces full year 2018 results
Amsterdam / NL. (cb) The Netherland’s Corbion reported net sales of EUR 897.2 million in 2018. Organic net sales growth was 3.7 percent for the year. Ebitda excluding one-off items in 2018 decreased by 19.8 percent to EUR 131.6 million, mostly due to the acquisition of the TerraVia...
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