Business & Finance
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.
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.
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.
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.
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.
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
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.
- Page 5









