Alibaba Founder Starts a Food Company in China

Nov. 27, 2023
China’s most famous tech billionaire Jack Ma last week began ‘Ma’s Kitchen.’
kraft mac and cheese prepared
People on the Move

Kraft Heinz Shuffles Executive Team to Support New CEO in 2024

Nov. 17, 2023
The five new executives will join new CEO Carlos Abrams-Rivera in leading Kraft Heinz at the start of the 2024 fiscal year.
Chocolate Reviews
"Hotel Chocolat Rabot Estate 70% Dash of Milk Mould"
Mergers & Acquisitions

Mars Inc. to Purchase UK’s Hotel Chocolat for $662 million

Nov. 16, 2023
Specialty chocolatier has been looking to expand internationally and believes Mars can help drive that growth.
Tiia Monto
Business Strategies

Oatly Cancels Construction of Two New Plants, Meeting Demand in Current Facilities

Nov. 14, 2023
The projects in the Americas and EMEA segments have been shelved in conjunction with Oatly’s “asset-light” strategy.
Shutterstock 266657957
Mergers & Acquisitions

Canada’s Blender Bites Acquires Sports Nutrition Company, Clinical Trial on CBD and Athletic Recovery

Nov. 6, 2023
Makers of frozen smoothie, frappe beverage products looks to expand into CBD wellness and athletic drink markets with acquisition of Advanced Sports Nutrition Inc.
Kraft Heinz
People on the Move

Kraft Heinz Names Pedro Navio North America President, Reorganizes Geographies

Nov. 3, 2023
Pedro Navio replaces Carlos Abrams-Rivera, who becomes CEO on January 1.
Shutterstock 1670141497
Legal Issues

JBS’ Batista Brothers Formally Acquitted of 2017 Insider Trading Charges in Brazil

Nov. 3, 2023
Although Brazil’s CVM board had reached a majority decision in favor of acquittal in May 2023, a single board member sought a 60-day review of case files before casting her vote...
Courtesy of Coca-Cola
Real Magic 9

Coca-Cola Africa Names New V.P. of Franchise Operations for South Africa

Aug. 29, 2023
Sergio Vieira will replace Phillipine Mtikitiki, who moves to vice president of Franchise Operations for Italy and Albania.
Tin cans for food on wooden background
Packaging Materials

Dept. of Commerce Proposes Tinplate Steel Tariffs only on China, Germany and the UK

Aug. 22, 2023
Consumer Brands Association claims a tentative victory for consumers and canned goods manufacturers, as preliminary decision imposes no tariffs on five nations listed in steel...

Tilray Bolsters its Cannabis Beverage Business Through Truss Acquisition

Aug. 18, 2023
Canadian cannabis company Tilray makes its second acquisition in the last two weeks by acquiring the remaining ownership stake in Truss Beverage Co. from Molson Coors Canada.
poultry processing plant equipment

Report: Tyson Foods Plans to Sell China Poultry Business

Aug. 17, 2023
Reuters report says the company has hired an advisor and shared preliminary information with potential buyers for the Chinese division.