News for the baking industry
Cincinnati / OH. (tkc) The Kroger Company, America’s largest grocery retailer, and Drone Express, a division of TeleGrid Technologies Inc., announced a pilot to offer grocery delivery via autonomous drones, expanding the retailer’s seamless ecosystem and providing customers…
Westerville / OH. (lc) Lancaster Colony Corporation reported results for the company’s fiscal third quarter ended March 31, 2021. Summary: Consolidated net sales increased 11.2 percent to a third quarter record USD 357.2 million versus USD 321.4 million last year. Retail net sales grew…
Milford / CT. (ssc) Subway Restaurants announced that Donagh Herlihy has joined the company as its new Global Chief Digital and Information Officer. In this role, Herlihy is responsible for overseeing the company’s global technology teams and initiatives to deliver modern, timely and effective…
Geneva / CH. (fisa) Firmenich, the world’s largest privately owned fragrance and taste company, announces the launch of its Culinary and “SmartProteins” Innovation Center in Tuas, Singapore. The new center will serve as a regional R+D hub for Asia and a global center of…
Rotterdam / NL. (fbv) The words «healthy» and «natural» are not often linked to sugar substitutes, but Fooditive BV wants to change that. Over the past decade, the Netherlands-based food ingredient manufacturer has been pear-suing sustain-apple solutions to combat global…
San Antonio / CA. (ncasef) Faced with a crippling shortage of labor, higher operating costs, lower gross margin and lower net profit, 7-Eleven franchisees are asking their franchisor to reconsider its mandate that stores resume 24/7 operations beginning May 24, 2021. A letter…
Qingdao / CN. (nsa) On April 27, Nestle, Laixi Government and Laixi Guhe Subdistrict Office jointly hosted the signing ceremony of new investment projects in Guhe Subdistrict of Laixi, a county-level city in Qingdao, east China’s Shandong province. This marks another…
Shenzhen / CN. (km) South China’s F+B industry is getting much needed cheer with the successful holding of AnuFood China in April 2021, the leading food + beverage industry exhibition in South China powered by the world’s top food show – Anuga – in Shenzhen. After experiencing the ups and…
Singapore / SG. (oi) Olam Food Ingredients (OFI), new operating group of Olam International Limited, is acquiring a leading US private label spices and seasonings manufacturer Olde Thompson at an EV of USD 950 million through its wholly owned subsidiary Olam Holdings Inc. …
Geneva / CH. (unctad) The dramatic rise in e-commerce amid movement restrictions induced by Covid-19 increased online retail sales’ share of total retail sales from 16 percent to 19 percent in 2020, according to estimates in an Unctad report published on 03 May. Unctad released the…
