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Business & Finance

Unilever Names Peter ter Kulve as Preferred CEO for Magnum Ice Cream Company Ahead of Spin-Off

June 18, 2025

Unilever Names Peter ter Kulve as Preferred CEO for Magnum Ice Cream Company Ahead of Spin-Off

Unilever has proposed Peter ter Kulve as its preferred candidate to head the Magnum Ice Cream Company, the group’s ice cream division, with full board approval expected.

M&A activity in food and beverage industry driven by sauces & condiments

March 10, 2025

M&A activity in food and beverage industry driven by sauces & condiments

The sauces and condiments segment is emerging as a hotbed for mergers, acquisitions, and product innovation, reflecting strong investor confidence and shifting consumer preferences toward bold flavours, health-conscious formulations, and global inspiration.

PepsiCo’s Frito-Lay fined $36m by Turkish competition authority for antitrust violations

February 19, 2025

PepsiCo’s Frito-Lay fined $36m by Turkish competition authority for antitrust violations

The Turkish Competition Authority has imposed a ₺1.3 billion ($36 million) fine on Frito-Lay, a subsidiary of PepsiCo, after ruling that the company engaged in anti-competitive practices designed to restrict market access for rival snack producers.

Controversy erupts as Arla launches UK trial of Bovaer methane-reducing feed additive

December 6, 2024

Controversy erupts as Arla launches UK trial of Bovaer methane-reducing feed additive

Arla’s trial of DSM-Firmenich’s Bovaer feed additive draws mixed reactions amid consumer misinformation and farmer concerns.

Unilever reduces anticipated European job cuts, moves some staff to new ice cream unit

November 18, 2024

Unilever reduces anticipated European job cuts, moves some staff to new ice cream unit

Unilever will cut around 1,500 fewer jobs in Europe than previously anticipated, Reuters has reported.

Nestlé streamlines executive structure and global operations ahead of 2025

October 16, 2024

Nestlé streamlines executive structure and global operations ahead of 2025

Restructuring merges Americas divisions and integrates Greater China into AOA Zone as company sharpens focus on speed and efficiency

Above Food acquires Redwood Group’s crop ingredients business in $34m deal

August 11, 2024

Above Food acquires Redwood Group’s crop ingredients business in $34m deal

Canadian regenerative ingredients company Above Food has agreed to acquire the speciality crop food ingredients division of The Redwood Group for approximately $34 million, in a move that strengthens its global supply chain and ingredient capabilities.

BrewDog Founder James Watt Steps Down as CEO After 17 Years

May 8, 2024

BrewDog Founder James Watt Steps Down as CEO After 17 Years

COO James Arrow to take helm as Scottish craft brewer enters next phase of growth

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