The capital crunch many food and beverage companies have faced in 2023 will remain a challenge into 2024 due to several macro-economic reasons, Jennifer Palmer, CEO and founder of lending company JPalmer Collective, told FoodNavigator-USA.
A new whitepaper explores the instability in the current macro environment and the risks and opportunities this will bring for the beverage industry over the next few years.
Consumer health may suffer as global venture capital funding levels off. Conversely, this opens food innovation opportunities in areas relating to reformulation, FoodNavigator learns.
Verlinvest tells FoodNavigator it is doubling down on the consumer shift towards sustainability, ethics and health. ‘This is where the growth is coming from’, it says.
Warburtons has teamed up with small and medium-sized enterprise (SME) accelerator Mission Ventures to launch a new joint venture to support bakery start-ups.
Avara Foods' former Cherry Valley Foods duck processing and agricultural operations are facing closure, threatening 300 jobs at Caistor in Lincolnshire.
Growth in emerging markets has helped collagen producer Devro to maintain profits during 2019 however it warned that future success could be impacted by the Coronavirus.
An illegal gangmaster and his wife have been jailed for exploiting at least 41 workers at a catering butchers in the Merseyside area, following an investigation by the Gangmasters and Labour Abuse Authority (GLAA).
Tulip Ltd will operate as a business unit within the Pilgrim’s Pride Corporation, the company announced as it confirmed its acquisition of the UK meat processor from Danish Crown.
Beef producers in Wales have urged retailers to take action to ensure consumer confidence is restored, amid ongoing concerns that Brexit will hit supply chains.
2 Sisters Food Group is benefiting from parent company Boparan Holdings’ turnaround plan, as it reports its first like-for-like quarterly pre-tax profit for two-and-a-half years.
Eurodon, one of Russia’s largest turkey producers, is planning to diversify its business by investing up to RUB20 billion (US$338 million) in building lamb production units within the country.
In an effort to promote innovation, Rabobank announces launch of the Rabo Food & Agri Innovation Fund (RFAIF), allowing companies to receive up to €3 million.
A $2bn coalition of investment firms have issued an antibiotics report as leading financial institutions grow increasingly concerned that overuse of livestock drugs could hit profits.
The European Bank for Reconstruction and Development (EBRD) has partnered with the Industrial Development Bank of Turkey (TSKB) to provide working capital to Ulusoy Un Sanayi Ve Ticaret A.S.
Farming methods in Poland have improved considerably over the last ten years, helped by the country's membership of the EU. Now, what the farmers want most are long term contracts that allow them to invest for the future.
Russian agricultural holding Miratorg is considering a new project to produce 4m head of pigs per year with a total investment of RUB115 billion (US$1.8bn), according to a recent statement by the company’s vice-president of finance Vadim Kotenko.
Russia’s trade attaché in Denmark is inviting Danish pig farmers and pigmeat corporations to invest in Russia, saying its “ban on food import from the west has now created unique possibilities”.
Saudi dairy and poultry producer Almarai missed its US$533m sukuk target by more than US$100m last week, a reversal from previous rounds of debt-issuing, which were routinely oversubscribed.
On the back of a deal with a ‘strong’ equity partner, Barentz International will use the additional funds to accelerate growth in its key markets in Europe, India, China and Asia Pacific, it said.
The inclusion of new voluntary best practices in the organisation’s revised trader standard is an “interesting” element, said a representative at Voice Network.
Mergers and acquisitions (M&As) of UK companies featuring overseas buyers increased by a whopping 71% in the first quarter of 2014, compared with the same quarter in 2013, according to Trefor Griffith, partner at financial advisory firm Grant Thornton.
Almarai and PepsiCo announced a joint plan to invest US$345m in projects in Egypt over the next five years, taking advantage of the growing stability in the country.
The International Finance Corporation (IFC), of the World Bank, is lending US$250 million to Ukraine’s leading poultry producer Myronivsky Hliboproduct (MHP) to help kickstart the country’s flailing economy.
A new investment club has launched in the UK aimed at small to medium sized businesses in the food and drink industry looking to raise capital to grow their business.
A “dinosaur attitude” is causing food and drink manufacturers to miss out on the benefits of integrating sustainability into their businesses, according to the boss of malt manufacturer Muntons.
France is looking to create a new law to encourage the increasingly popular participative financing platforms known as crowdfunding, which could cut red tape and make it easier for start-up food and drink company's to find routes to market.
Frozen fruit specialist Lamex Food Group will buy a majority stake in Serbian red fruit processor to boost business and protect the group’s supply chain, its CEO says.
Croatian food company Atlantic Grupa has won a €307m finance package from the European Bank for Reconstruction and Development (EBRD) for new energy systems, sustainability certifications and working capital financing.
Food and drink manufacturers can’t afford to ignore their intellectual capital and are weaker at taking stock of it than companies in other industries, according to consultancy ClearFood.
Food processors across the globe face increasing pressure from investors to improve poor animal welfare standards, a leading financial expert and Compassion in World Farming (CIWF) have warned.
A division of the World Bank has acquired a stake in cocoa trader Armajaro Trading to support sustainable farming practices and improve traceability within its supply chains.
Analysts note the ‘truly awful’ financial results for 2011 from Premier Foods as the UK group announced a £259.1m (€312.6) pre-tax loss for the full-year after writing down the value of its bread division.
Investment in research and development, including new product development, is a key growth strategy in the food industry, but how does the current investment in research compare to investments in advertising current products.
Corporate responsibility is not just about writing cheques for charity or mitigating impacts, says Nestle boss. It’s about creating value for communities and stakeholders in the long term.
The UK’s Food Standards Agency has been applauded by the Government Office for Science for its practice, use and management of science, and its transparency in holding meetings in public.
The European Commission has named research-performing small and
medium-sized enterprises (SMEs) as 'the entrepreneurial stars of
Europe', and hopes to raise €800m of extra funds for them.