Economy and finance
351 news found
Economy and financeNestlé reduces its stake in L'Oreal
It will collect € 8.9 billion
Nestlé will reduce its L'Oreal stake to 20.1% from 23.3% after it sells 22.26 million shares back to the French beauty company. L'Oréal will pay €400 per share with a combination of cash and debt, wit... more
Economy and financeAutogrill refinances the debt
The transaction allows the group to extend the average duration of the debt at 31 December 2021 to 4.5 years
Autogrill completed the refinancing of the Group's overall financial debt through the closing of the previously announced financing transaction for a total maximum principal amount of one billion euros,... more
Economy and financeLievità: crowdfunding campaign successfully concluded
Achieved the maximum goal of 1 million euros
Lievità, the Italian gourmet pizza chain inspired by the Neapolitan tradition, has concluded the equity crowdfunding campaign on the Mamacrowd platform. After going into overfunding in just 48 hours from... more
Economy and financeGrana Padano: a more than positive 2021
Global consumption recorded + 1.4% compared to 2020
In 2021 Grana Padano recovered its out-of-home sales and is confirmed as the most consumed PDO product in the world with a clear recovery also in the foreign market. The restart of the catering and away... more
Economy and financeBerlin packaging welcomes new shareholders
Oak Hill Capital and Cpp investments lead company recapitalisation
Oak Hill Capital and Canada Pension Plan Investment Board have entered into a definitive recapitalization agreement with Berlin Packaging L.L.C. to facilitate the next phase of its growth. Berlin Packaging's... more
Economy and financeMondelez International: Q3 2021 financial results published
Strong revenue growth was recorded: + 7.8%
Mondelez International reported results for the third quarter of 2021. "We experienced strong revenue and earnings growth in the third quarter with ample strength in both developed and emerging markets.... more
Economy and financeNestlè, sales soar in the first nine months of the year
Organic growth of between 6% and 7% is expected for 2021
In the first 9 months of 2021 Nestlé recorded organic growth of 7.6%, with real internal growth (Rig) of 6.0% and prices of 1.6%. Growth was supported by continued momentum in retail sales, the steady... more
Economy and financeTyson Foods invests $ 355 million in a bacon factory in Kentucky
The opening of the plant is scheduled for the end of 2023
Tyson Foods has announced that it will invest $ 355 million to build a 400,000-square-foot manufacturing facility in Bowling Green, Kentucky, USA. The factory will produce Jimmy Dean and Wright Brand's... more
WinesCantina di Valdobbiadene: the group's turnover grows by almost 20%
In the last financial year 2020 - 2021 it increased from 47 to over 56 million euros
The turnover of the Cantina Produttori di Valdobbiadene group and of the wholly owned capital company Val D'Oca srl, which deals with the marketing and promotion of wines produced with the grapes of the... more
Economy and financeAgri-food made in Italy: the sector beats Covid
It is worth 522 billion euros (15% of GDP), according to the Tor Vergata University study
One year after the outbreak of the pandemic, the made in Italy agri-food sector passes the Covid test: in fact, in 2020 the sector is worth 522 billion euros, representing a good 15% of Italian GDP. It... more
Economy and financeRevolving pledge: agreement Crédit Agricole Italia and the Chianti Classico Consortium
Cooperation between farms, local authorities and the banking system, for the benefit of the area
Crédit Agricole Italia has signed a collaboration agreement with the Chianti Classico Consortium, the protection consortium founded in 1924 to support and enhance its product with a controlled and guaranteed... more
Economy and financeEU, Zanaco, Team Europe and BEI support small farmers in Zambia
An agricultural investment initiative of 30 million euros is launched
Smallholder farmers and rural cooperatives across Zambia will benefit from a new € 30 million initiative to be exploited in agricultural investments launched in Lusaka and Luxembourg. The new initiative w... more
Economy and financeFunds: Linfa Ventures aims to raise 80 million
Gaiani: "The food of the future is a high-tech challenge"
Riello Investimenti Partners, an independent asset management company, has decided to focus on innovation in the agri-food sector, launching a specific fund, Linfa Ventures, which aims to raise at least... more
Economy and financeAutogrill closes the first eight months with 1.5 billion in revenues
An increase of 9.3% compared to the same period of the previous year
Autogrill closed the first eight months with revenues of € 1.5 billion, up 9.3% on an annual basis. An improvement in the underlying Ebit of -28 million, compared to a red of 332.2 million at 31 August 2... more
Economy and financeBonifiche Ferraresi approves the 1H financial report
Production value of 46.1 million euros in line with the first half of 2020
The board of directors of BFSpA approved the consolidated half-yearly financial report as at 30 June 2021. This refers to the parent company Bf and the subsidiaries Bonifiche Ferraresi SpA agricultural... more
Economy and financeRevolving pledge: also available to Provolone Valpadana
Agreement signed between the consortium and Intesa Sanpaolo to enhance the production of dop
An agreement was signed in Cremona to strengthen access to credit for companies in the dairy supply chain between Intesa Sanpaolo and the Consorzio Tutela Provolone Valpadana DOP. According to the agreement,... more
Economy and financeArdian acquires majority stake in Florida Food Products
MidOcean Partners maintains a significant equity stake alongside of Ardian
Ardian, a world-leading private investment house, announced today that it has acquired a majority stake in Florida Food Products through its U.S. Buyout team from MidOcean Partners for an enterprise value... more
Economy and finance€ 1.1 million investment round for Cesarine.com
The Italian food experience platform launches a line of branded specialties
Cesarine.com, which, through its food experience platform, brings together 1,500 cooks and chefs distributed in about 450 Italian locations, has approved a capital increase in the conversion mode for a... more
Economy and financeDea Capital: net result for the 1H of 14 million
Refined new funds closing by Idea Agro and Sostenibile II
The Board of Directors of DeA Capital S.p.A., chaired by Lorenzo Pellicioli, approved the Half-Year Financial Report at 30 June 2021. Combined Assets Under Management amounted to 25,631 million euros,... more
Economy and financeRomagnoli F.lli consolidates its growth
Turnover in 2020 at 42 million euros
Romagnoli F.lli Spa closed 2020 with a turnover of over 42 million Euros, stable exports, equal to 6% of the total turnover. The quantity of potatoes marketed (from seed, consumption and processed) is... more
Economy and financePortobello Capital buys Farmol
Crédit Agricole joined the Spanish company as an agent bank
Crédit Agricole Italia supported - as Mandated Lead Arranger and agent bank - Portobello Capital, a leading private equity operator active in Spain, in the stipulation of a direct financing for the acquisition... more
Economy and financeJbs: record net profit in the second quarter of 2021
The company reported a total net profit of $ 16.8B
The Brazilian multinational JBS, the second largest food company in the world, has published the financial results obtained in the second quarter of 2021. The Brazilian giant, one of the largest producers... more
Economy and financeKellogg: Better than expected results in Q2 2021
Net sales rose 2.6%, thanks to emerging market activities
Kellogg Company reported 2.6% growth in net sales in the second quarter of 2021, driven by activity in emerging markets. The company raised its full-year forecast for organic net sales growth to 0-1%.... more
Economy and financeHeineken doubles H1 operating profit
The company generated a turnover of EUR 9.97 billion and increased by 14.1% on an organic basis
Heineken more than doubled its first-half operating profit, but also felt the impact of rising raw material costs in the second half of 2021. The company posted organic growth of 109.3% in profit. operating.... more
Economy and financeDeA Capital Alternative Funds invests in hydrogen
It has signed binding agreements for a minority shareholding in Omb Saler
Sustainable Development, a private equity fund specialized in investments in Italian SMEs with the promotion of SG issues, managed by DeA Capital Alternative Funds Sgr, has signed binding agreements for... more
Economy and financeColvin, the flower startup, signs capital increases of 45 million
The venture capital P101 sgr also took part in the round
Colvin, the technology company dedicated to the floriculture industry, closed a € 45 million Series C investment to expand its business in Europe and become a leader in the flower and plant market with i... more
Economy and financeAB InBev surpasses pre-pandemic revenue with 27.6% growth
Organic revenue rose to $ 13.53 billion
Strong performance of AB InBev in the second quarter of 2021: organic turnover grew by 27.6% to 13.53 billion dollars. Despite the impact of the pandemic, the company recorded growth of 3.2% compared to... more
Economy and financeDanone up again in the second quarter 2021
Recorded a 6.6% increase in net sales on a like-for-like basis
The Danone company returned to growth in all product categories in the second quarter of 2021, and recorded a 6.6% increase in net sales on a like-for-like basis. The owner of Evian and Activia reported... more
Economy and financeMondelēz: sales up thanks to the rebound of emerging markets
12.4% increase in net revenues in the second quarter of 2021
Mondelēz International reported a 12.4% increase in net revenues in the second quarter of 2021 thanks to the rebound of emerging markets. The owner of Toblerone and Oreo posted revenue of $ 6.64 billion... more
Economy and financeOno Exponential Farming closes an investment round worth over € 2 million
The startup, born in the agritech sector, is opening its horizons to the world of Pharma
Ono Exponential Farming, an innovative start-up active in the agritech sector, focused on highly sustainable high-tech vertical solutions that is opening up to the horizons and applications of the ambitious... more