News for the baking industry
Beijing / CN. (lci) Luckin Coffee Inc. broke ground on its new Innovation and Production Center in Qingdao in late August, while also launching the Luckin Coffee Brazil Coffee Culture Festival. With a total investment of CNY 3 billion, the Company’s new Innovation and Production Center is…
Stockholm / SE. (lg) Lantmännen’s operating income for the second four-month period of 2024, adjusted for items affecting comparability, amounted to 1’116 million SEK – slightly lower than the previous year’s record result of 1’196 MSEK, but the second best four-month result ever.
Richmond / VA. (pfg) Performance Food Group Company (PFG) announced that it has completed the acquisition of Cheney Bros. Inc., a leading independent broadline foodservice distributor based in Riviera Beach, Florida. The acquisition creates a stronger presence in the Southeast…
London / UK. (pfl) Pladis Foods Limited, wholly owned subsidiary of Türkiye’s Yildiz Holding and the leading global snacking company behind iconic brands including McVitie’s, Godiva, Jacob’s, Carr’s and Ülker, has opened a new chocolate café in Dubai Mall. To celebrate, they are hosting a…
London / UK. (tl) Tate + Lyle PLC said in June that it agreed to acquire the entire issued share capital of (a) CP Kelco U.S.; (b) CP Kelco China; and (c) CP Kelco ApS together with each of their respective subsidiaries (together «CP Kelco»), a leading provider of pectin, speciality gums and nature…
Marcq-en-Baroeul (FR) | São Paulo (BR). (lg) French Lesaffre Group, an independent key global player in fermentation and microorganisms, announced the acquisition of a majority stake in Biorigin, a business unit of Zilor, a multinational company producing yeast derivative products, to enhance…
Chicago / IL. (cag) ConAgra Brands Inc. reported results for the first quarter of fiscal year 2025, which ended on August 25, 2024. All comparisons are against Q1-2024, unless otherwise noted. Highlights: Reported net sales decreased 3.8 percent; organic net sales decreased 3.5 percent.
Stockholm / SE. (swe) Construction has officially begun on Sweden’s largest in-store farm at ICA Maxi Ängelholm. Powered by Swegreen’s cutting-edge Freja platform, this project will bring farming directly into the store, allowing ICA Maxi to produce a record number of over 160,000 leafy…
Hamburg / DE. (ca1) Circus Group SE, a leading AI robotics company specializing in autonomous food-service systems, has launched its new showroom in Munich, providing the public with an immersive experience of its cutting-edge CA-1 autonomous robot. Just before the start of…
Seattle / WA. (sc) Starbucks Company announced an expansion of its collaborative coffee innovation network, further connecting farmers from around the world with resources to protect the future of coffee. Building on the groundbreaking global agronomy innovation at Hacienda Alsacia…
