Economy and finance
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Economy and financeHaier, over $640 million in refrigeration deal
Original news The controlling of the Italian Candy takes Carrier Global: objective the expansion in Europe
The Chinese appliance giant Haier, which in 2019 acquired the Italian Candy, has announced that it will pay 640 million dollars to buy Carrier Commercial Refrigeration, the commercial refrigeration unit... more
Economy and financeHyle Capital acquires Ciemme Alimentari
Transaction concluded through the Finance for Food One Fund at its 6th investment
Hyle capital partners has announced its entry into Ciemme Alimentari, an Apulian company based in Barletta, active in the production, distribution and sale of high-end potato dumplings and supplier of... more
Economy and financePrivate equity: for sale Preziosi food
Vertis and Hat funds start the exit of the big Italian salty snacks based in Melfi
Preziosi food is for sale. According to market sources, the two private equity funds Vertis and Hat, which took over from the Giochi Preziosi group in 2016, have started the sale of the majority of the... more
Economy and financeEuroCommerce against French retail sales law
"Loi Descrozaille" denounced: would violate EU rules on free movement of goods and services
EuroCommerce, the main European organisation representing the retail and wholesale sector, has lodged a formal complaint with the European Commission. The subject of the complaint is Law 2023-221 of 30... more
Economy and financeEurostat: agricultural productivity collapse (-6.6%) in 2023
The data contrasts with the growth of the four-year period 2019-2022. Italy (+4.2%) among the countries going against the trend
According to the first preliminary data for 2023 from the economic accounts for agriculture (EAA), the index of agricultural labour productivity in the EU is estimated to have decreased year-on-year by... more
Economy and financeThe Norwegian Yara conquers the fertilizers of Italian Agribios
Objective of the operation is to expand the international offer in the field
The Norwegian Yara, one of the global leaders in the fertilizer sector, has acquired Agribios Italiana. The objective of the operation is to expand the offer in the field from the Norwegian society making... more
Economy and financeEuropean delivery is in crisis
Deliveroo, Delivery Hero and Just Eat have lost 75% of their value since 2021
Hard times, very hard, for food delivery. We know something about this in Italy where some of the main brands have raised the white flag: think of Uber Eats, the Turkish Getir and Domino’s pizza. Now, h... more
Economy and financeSegafredo, Massimo Zanetti will sell 50% to the QuattroR fund
"My family will remain the owner," says the owner of MZ Beverage Group
Massimo Zanetti Beverage Group will sell 50% of the shares to the Private equity fund QuattroR. What will happen has explained the same Zanetti, speaking to Corriere del Veneto, in fact confirming the... more
Economy and financeDelivery, another Italian victim: MyMenu surrenders
The Pellegrini group gets rid of the fast food brand: from today stop to deliveries and move to Just Eat
Food delivery reaps another viyttima in Italy. This time it’s the turn of MyMenu, operator made in Italy founded in 2013 by Edoardo Tribuzio in Padua. The company was acquired in 2021 by the Pellegrini g... more
Economy and financeRana pasta factory: Italian Mimit authorizes EUR 78M agreement
For an industrial development program with positive repercussions on the production chain
An impact of over 180 million is expected. Among other things, the company will transfer the production of ready meals from Belgium to the Moretta (Cuneo) plant. more
Economy and financeIsa acquires participation in Ethica Wines
The Trentino development institute joins the capital of F&F Fine Wines, one of the players in the export of Italian wines to the USA
Isa, the Atesino Development Institute (Isa), joins the capital of F&F Fine Wines, one of the most promising companies in the export market of Italian wines to the USA, Canada and Asia-Pacific. It does... more
Economy and financePrivate equity. Quadrivio acquires Isa (zootechnical technologies)
The subsidiary Ska aims to become an aggregator hub for the sector
Quadrivio Group, through its Vicenza-based subsidiary Ska (poultry systems), has announced the acquisition of Isa Srl and Isa Montaggi Srl, an Italian group from Erbé (Verona) which produces steel structures... more
Economy and financeNestlé develops in China N3, milk powder with probiotics
New range produced with cow’s milk enriched with essential nutrients
Nestlé has presented a new range of milk powder in China: it is called N3 and is produced with cow’s milk enriched with essential nutrients. The range includes a variant based on whole milk and one ba... more
Economy and financeEataly, back to profit
The announcement made by CEO Cipolloni: new opening in Rome Termini Station
Eataly expects to close the year in profit, beyond any devaluations. The hypothesis is to close 2023 with an ebitda of 41 million Euros compared to 25 million last year. This is what ceo Andrea Cipolloni... more
Economy and financeCulligan is drinking Primo Water
Operation worth 575 million dollars
Primo Water, a supplier of sustainable drinking water solutions in North America and Europe, has signed an agreement with Culligan International that will acquire a significant part of its international... more
Economy and financeAlpla expands in Morocco: signed jv with Atlantic packaging
Large plant in Tangier to produce PET preforms for the Maghreb and West Africa markets
He has just launched the project "Plastic has changed, change your mind about plastic" and now Alpla is thinking about expanding its business by investing in Morocco. The company, in fact, one of the giants... more
Economy and finance2100 Ventures is born for young entrepreneurs of the future
Alessandro Benetton's new vehicle invests in startups active in climate tech and fintech, among other areas
Participating in the talk "Think European: challenges and opportunities for Italian tech ecosystem," Alessandro Benetton in Milan christened 2100 Ventures, a new initiative dedicated to Italian and European... more
Economy and financeMcDonald’s focuses heavily on China
The chain buys the participation of 28% of the Carlyle fund in the Chinese activities
McDonald’s relies on China’s growth prospects to increase participation in its local activities. The same company announced that it had reached an agreement to increase its participation in the activities in... more
Economy and financeCoca Cola Europacific Partners: 1.8 billion to buy Coca Cola Philippines
Closing with Aboitiz Equity Ventures for the world’s largest bottler
Coca-Cola Europacific Partners plc announced today that it has signed, together with Aboitiz Equity Ventures Inc., a Philippine holding company based in Manila, a definitive agreement for the joint acquisition... more
Economy and financeFine, Foodservice international network for green cuisine
Composed of Gif (France), Pentagaste (Germany) and the Italian Digrim, worth 360 mln
It is called Fine, or Foodservice international network and is the first European network, the result of the collaboration of three leading purchasing groups and service providers in the foodservice equipment... more
Economy and financeOrsero, "excellent trend" in the first nine months 2023
Consolidated revenues to over 1 billion euros: jump of 30% also thanks to the new French purchases Blampin and Capexo
The board of directors of Orsero S.p.a. approved the consolidated results at 30 September 2023, showing net revenues in the nine months equal to over 1.16 billion Euros, up 30% compared to the first nine... more
Economy and financeGermany: Competition Authority investigates Coca Cola
The beverage giant "could hinder" other companies in their competitive opportunities
The Bundeskartellamt, the German Federal Cartel Office, initiated an abuse procedure against Coca-Cola Europacific Partners Deutschland GmbH. Coca-Cola is responsible for the bottling and distribution... more
Economy and financeMarr, 9M results give the boost to the investment plan
Revenues to 1,62 billion euros: new logistic hub in Lombardy, Lazio and Puglia
At the end of the first nine months of 2023, Marr, a leading company in Italy in the marketing and distribution of food and non-food products to foodservice, recorded consolidated total revenues of 1.62... more
Economy and financeThe British government calls for more checks on delivery bells
Uber Eats, Deliveroo and Just Eat, call for an end to uncontrolled account sharing
The British government takes a firm stand against illegal work, a scourge that has spread especially among fast delivery delivery delivery. For this, giants like Uber Eats, Deliveroo and Just Eat were... more
Economy and financeUS consumer confidence declines: inflation frightens
Fears for US consumption: forecasts of price pressure is at the highest level in the last 12 years
In November, sentiment among US consumers fell. For the fourth month in a row, therefore, confidence is falling: all the fault of inflation rising again in the expectations of US households, so much so... more
Economy and financeNestlé hires 620 young people in Ukraine
Within the next two years under the "Nestlé Needs youth" programme
Included earlier this month by the Ukrainian National Agency for the Prevention of Corruption in the register of "international sponsors of the war", the list of companies that still operate and potentially... more
Economy and financeDomino’s pizza, getting worse
The stock suffers because of the quarterly one with orders in decrease of 1.2%
It seems there is no end to the international fall of Domino’s Pizza. It was not enough to close with Italy: to get out of the crisis, the US giant has even put "on sale" pizzas in delivery but not even t... more
Economy and financeGDP: Italy stable (+0.7), growing more than Germany
Consumer prices grow (+2%) less than the euro area average /Annex
However, the performance of our economy is lower than that of France and Spain more
Economy and financeDiageo collapses in stock market due to Latin America and the Caribbean
Sales in the region should decrease by 20% until the end of the year
Vertical collapse of the Diageo stock that on the London stock exchange closes the last Friday session in red by 12.5%. It’s all the fault of the half-year accounts, but especially of Latin America that b... more
Economy and financePiedmont region in Brussels: war for gianduiotto
President Cirio hears Agriculture Commissioner Janusz Wojciechowski
There are already those who, without too much imagination, let’s say it, called it the war of gianduiotto. Yet there is something true, since the dispute between the Swiss Lindt and the typically Piedmontese c... more
Economy and financeCnh Industrial: delisting and quarterly do not like the market. The title suffers
The decrease of the title for the society of the tractors continues
The CNH stock on the Milan Stock Exchange is still weak. This morning he lost 0.7% but is on the shields from a couple of sessions: yesterday, wednesday, November 8, he left on the ground 2.4%, tuesday,... more
Economy and financeSandro Bottega expands with grappa and limoncello
Two new liqueurs and five new openings for the Prosecco Bar: the first, in November, in Prague and Abu Dhabi
We know him for his prosecco, for his gold bottles and for a continuous expansion that tastes of research and avant-garde at the same time. We are talking about Sandro Bottega, patron of the homonymous... more
Economy and financeBiolab, vegan cold cuts from Gorizia arrive in Austria
The former butcher shop today vegan laboratory arrives across the border
It already seemed a crazy step to have transformed a butcher shop into a laboratory to produce vegan gastronomy. And instead, Massimo Santinelli from Gorizia has done even more with his Biolab: he has... more
Economy and financeStarbucks increases employee wages and stores
In the US from 2024 hourly pay rises from 3% to 5%: 55,000 stores by 2030
Strong of a quarterly record, disclosed a few days ago, with consolidated net revenues increased by 11% to over 9,4 billion dollars Starbucks now announces that it will increase the hourly pay of its retail... more
Economy and financeNestlé completes sale of Dpa Brazil to Lactalis
Closed the deal with Fonterra: sold to the French the Brazilian dairy
Nestlé, together with Fonterra, completed the sale of their joint venture, Dpa, Dairy Partners Americas Brazil, from the French dairy giant Lactalis. Fonterra held 51% of the joint venture Dpa Brazil,... more
Economy and financeBritish spending grows but is still too "slow"
Barclays: +2.6%, lowest increase in a year. Brc: sales are driven by food
Inflation makes its weight felt on shopping carts across Europe, including Britain. It is here that His Majesty’s subjects have begun to take some countermeasures in time, partly because Christmas is a... more
Economy and financeStarbucks, record fourth quarter
Revenues in rise of 11% to beyond 9 billion dollars
Starbucks reported the results for the fourth fiscal quarter of 13 weeks ending 1 October 2023 and the full fiscal year 2023. And it is a record-breaking quarter. Consolidated net revenues increased by... more
Economy and financeEurostat: prices up for olive oil (+75% from January 2021)
Generalized increases for most foods, except eggs
After substantial increases in 2022, food prices in the EU continued to rise also in 2023. Data for the second and third quarters of this year show that the prices of some items registered a slower increase.... more
Economy and financeUnilever, no two-year pay increases for the ceo
Board of directors freezes ceo Hein Schumacher’s fixed salary (appointed in july)
Unilever blocks for two years the fixed salary of the new ceo Hein Schumacher appointed last july. The multinational’s board of directors decided to freeze the ceo’s fixed salary after his initial pay... more
Economy and financeHero Group closes factory in Switzerland
The jam plant would not have reached "adequate capacity of use": 48 employees walking
The Hero group, famous for its jams, has announced its intention to cease operations at one of its production facilities in Lenzburg, Switzerland. The closure is expected to be implemented by the end of... more
Economy and financeHeineken holds bang all year long with a third quarter upside
Turnover from July to September +2%, revenues +4.5%: the Stock Exchange rewards the stock
Heineken keeps the forecast for the fiscal year. All it took was this announcement that Heineken’s shares rose to 1,3% on the stock exchange. Thanks, we said, to the maintenance of the forecasts for t... more
Economy and financeCap Italian Fine Food (Avm) and Amundi AgrItaly take Europan South
Takeover of the Apulian company active in the production of bread and bakery products
Avm Gestioni sgr through the fund of Private Capital Italian Fine Food dedicated to the enhancement of regional excellence of food made in Italy, and Amundi sgr, through the fund Amundi Eltif AgrItaly,... more
Economy and financeGreat maneuvers in the Italian poultry sector: Officine Facco buys Sperotto
EUR 20 million operation to expand the broiler sector
Officine Facco of Campo San Martino (Padua) announces the acquisition of Sperotto of Sandrigo, in Vicenza, in turn a national reference for the breeding systems of broilers. The operation from 20 million... more
Economy and financeIbf Servizi acquires Abaco from Idea Taste of Italy
The company strengthens leadership in agritech
Ibf Servizi, a company in the portfolio of the Nextalia Private Equity fund, and participated by BF Agricola (BF group, controlling holding of Bonifiche Ferraresi and listed in Milan), has finalized the... more
Economy and financeThe Restaurant Group accepts the offer of Apollo global management
Wagamama’s owner says yes to a 585 million euro offer
Fly on the Stock exchange The Restaurant Group, british chain of restaurants and pub owner of the brand Wagamama also known in Italy (is managed under license by the Chef Express of the Cremonini group),... more
Economy and financeVandemoortele wants Bindi
The Belgian group may be interested in the Milanese pastry for sale facebook sharing button
Last week the Bc Partners fund announced the start of the sale of Fda Group, a group active in the frozen bakery and pastry sector that combines Forno D'Asolo and Pasticceria Bindi. Today, according to... more
Economy and financeSugar prices bring the German giant Suedzucker to the top
Q2 Operating Profit more than doubled to Euro 310 million
It is one of the European giants in the field of sugar production and shows that to define positive is to say little. The German company Suedzucker has more than doubled its quarterly profits thanks to... more
Economy and financeItalian catering in the world is worth 228 billion euros
In Italy we are at 75 billion (+22%), according to data from Deloitte’s Foodservice market monitor
"Catering remains an increasingly important sector for the entire food chain," stresses Tommaso Nastasi, Value creation services leader of Deloitte. more
Economy and financeMarchesi Antinori wine sets course for U.S.
With 300 mln financing from a pool of banks wine company buys land in Napa Valley
Marchesi Antinori is heading for the United States thanks to a loan of more than 300 million obtained from a pool composed of Intesa Sanpaolo, Cassa depositi e prestiti, Simest and Bnl. The operation,... more
Economy and financeSouth Korea wants Italian blue crab
Consul general: "mutually beneficial" to import more from Venice and lagoon areas
The blue crab business is expanding. After the Tunisia affaire (and the Greece affaire), countries that are said to be importing the crustacean into Italy creating no small amount of unease and concern... more