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CoffeeRecord 2019 results for Lavazza thanks also to Mars Drink
Revenues + 18% and + 45% net profit, 2020 uncertain but "the Group is solid"
The Board of Directors of Lavazza Group has examined and approved the draft Annual and Consolidated Financial Statements at December 31, 2019, prepared in accordance with International Financial Reporting... more
DistributionIvs Group (vending), closes 2019 on the rise
But in 2020 Covid-19 weighs and the company does not distribute dividends
The Board of Directors of IVS Group S.A. (Milan: IVS.MI) examined and approved the Annual Report 2019 (statutory and consolidated), the Management Report and related documents and the Sustainability Report. Given... more
BeveragePepsiCo To Provide Enhanced Benefits To All U.S. Employees
Additional Compensation To U.S. Frontline During Unprecedented Health Pandemic
Will Hire 6,000 New, Full-Time, Full-Benefit Frontline Employees Across the U.S. The PepsiCo Foundation Investing Up to $11 Million to Provide Critical Support to Communities more
LiqueursIllva Saronno opens a branch in the UK
The new company will open in 2021. Neil Jardine appointed managing director
The Italian liquor company Illva Saronno will launch its branch in 2021, marking the end of its twenty-year collaboration with William Grant & Sons UK. more
DistributionMarr, revenues 2019 rise to Euro 1.7 billion
Net profit of 66.6M, a record dividend of 0.80 Euros. Covid-19 will weigh on 2020
The Board of Directors of Marr Spa (Milan: MARR.MI) the leading company in Italy in the sale and distribution of food products to the foodservice sector, owned by Cremonini Group, today approved the consolidated... more
LiqueursPernod Ricard invests in Italicus
The Dutch alcohol company De Kuyper Royal Distiller has sold its shares in the Italian brand
Pernod Ricard has invested in Italian premium bergamot-infused aperitivo brand Italicus, as the spirits company continues to strengthen its portfolio. The announcement coincides with the news that Dutch... more
BeveragePepsiCo To Acquire Rockstar
Expanding Presence In Fast-Growing Energy Category
"Over time, we expect to capture our fair share of this fast-growing, highly profitable category and create meaningful new partnerships in the energy space" said PepsiCo Chairman and CEO, Ramon Laguarta. more
Packaging and logisticsSacmi acquires Velomat
The Imola-based Company is the world’s leading provider of closures-beverage solutions
Italian Sacmi Imola, the world’s leading provider of closures-beverage solutions, purchased Abruzzo-based Velomat, a leading designer and manufacturer of high-speed assembly machines for caps, micro-pumps a... more
CoffeeThe Massimo Zanetti Beverage Group’s 2019 revenues amounted to Euro 914.5 Mln
The Board of directors will propose to shareholders the distribution of a gross dividend of Euro 0.19 per share
The Board of Directors of Massimo Zanetti Beverage Group S.p.A., one of the leading brands worldwide in the production, processing and marketing of roasted coffee, listed on the Milan Stock Exchange, approved... more
PeopleBeniamino Garofalo appointed as new Ceo at Santa Margherita Gruppo Vinicolo
The turnover of the leading Italian wine company stood at more than 189 million Euros in 2019
Beniamino Garofalo is the new CEO at Santa Margherita Gruppo Vinicolo, one of the leading Italian companies within the world of wine, owned by Marzotto Family. Garofalo, 50, from Milan and married with... more
Veg worldArla introduces new brand and plant-based products
The Company will launch three oat drinks under the new brand, Jörd
Arla has decided to enter the market for plant-based products to meet consumer demand and to develop the category with natural products and unique flavor compositions. more
Cheese and dairy productsNewlat Food: Consolidated aggregate Net Profit 2019 of € 10.2 million (+71%)
Ebitda and Net Profit for the year showed a better performance than foreseen in the Business Plan
The Board of Directors of Newlat Food S.p.A. approved the consolidated aggregate preliminary data for the year ended 31 December 2019. Newlat Food recorded consolidated aggregate revenues of € 320.9 m... more
Cheese and dairy productsBrands and transformation deliver strong 2019 results for Arla
Arla’s branded sales volume grew 5.1 per cent in 2019
In 2019 farmer-owned Arla Foods exceeded expectations for global branded sales whilst simultaneously transforming its business securing cost-savings at the top end of expectations through the Calcium programme. This enabled Arla to deliver a stable milk price to its farmers owners and a strong cash flow further strengthened the company’s investment power in future growth. more
MeatsInalca (Cremonini Group) opens a new distribution platform in Russia
Located in Moscow close to the hamburger production plant inaugurated in 2010
It includes various warehouses with the most advanced cold chain management technology and a capacity of 33,000 pallets. Total investments of 25 million Euro. more
CateringAutogrill: FY2019 preliminary revenue up by 6.4% to €5.0bn
Strong revenue growth and results in line with guidance
The Board of Directors of Autogrill S.p.A. reviewed and approved on the 6th of February the preliminary consolidated revenue performance for the twelve months ended 31 December 2019.Revenues were €5.0bn, +... more
CoffeeKimbo named Roberto Grasso, a former Ferrero executive, as new CEO
The Company, based in Naples, is a leading coffee brand in Italy
Kimbo Spa, one of Italy’s leading coffee brands, has announced the appointment of Roberto Grasso as the company’s CEO. Grasso has a long career record as a top manager in Ferrero. During the course of h... more
HealthEducation in Nutrition big assent in the Curricula of EU Doctors
ESPEN launches the European "Manifesto" to fill the training gap
ESPEN (European Nutrition Society) launched the "Manifesto for the implementation of nutrition education", in Nice, during the ESPEN-NEMS (Nutrition Education in Medical Schools Initiative) meeting. Nutrition... more
FairsThe Future and Values of Foodservice at the Opening SIGEP and A.B. TECH EXPO 2020
The fair takes place in Rimini, organized by Italian Exhibition Group
The food of the future? It is not a question of ingredients, but consumer behaviour: it will be increasingly a question of sharing, a relationship with which to attempt a ´cross´ between history and m... more
NewsUSA-China: the truce of duties signed
The agreement on Phase 1 comes after two years of commercial war / VIDEO
But there is no shortage of analysts doubts: tariffs remain largely in force, the real problems are only postponed. Trump: "Historical step never been done before with China. I will visit in the not too far future" more
CateringAutogrill strengthens at North American airports
New contracts and openings in Texas and Florida
Italian Autogrill announced on 10th of January the winning of new contracts and new openings in North America in the airport channel through the subsidiary HMSHost. A new 10-year contract worth $ 186... more
BeverageAB InBev signs solar power deal for European brewing operations
Ten-year virtual power purchase agreement with BayWa r.e.
AB InBev has inked a deal with energy developer BayWa r.e. to purchase 100% renewable electricity for its European brewing operations. The ten-year virtual power purchase agreement will see power supplied... more
DistributionVéGé Group and Metro Italia allied for AFH market
Away From Home is worth around 85 billion euros
VéGé Group and Metro Italia announced this morning in Milan that they have formed an alliance focused on the Italian market away from home - AFH - consumption consisting of over 320,000 points of consumption -... more
IndustryGuala Closures acquires assets of German Closurelogic
Italian company consolidates its position in the beverage and water market
Guala Closures Spa, the world leader in the production of security closures for spirits and aluminium closures for wines, as well as one of the major world producer and distributor of aluminium closures... more
DistributionLavazza Family holding has detected an important stake in Ivs Group
Torino 1895 Investimenti becomes the second shareholder of the automatic distribution giant
Ivs Group, the Italian leader and the second player in Europe in the business of automatic and semi-automatic vending machines for the supply of hot and cold drinks and snacks, informs that has received... more
FinanceFondo Agroalimentare Italiano holds €M 55 final close
Sponsored by Unigrains, the Fund accompanies the development of Italian agri-food SMEs
Fondo Agroalimentare Italiano held its final close with commitments of €M 55. Sponsored by French based holding Unigrains, the Fund’s subscribers include French, Italian and Swiss institutional investors and... more
Frozen foodsItalian Frozen Food Holding has acquired Alcass
IFFH is e news business set up by Mandarin Capital Partners
Located in the Italian city of Genoa, Italian Frozen Food Holding (IFFH) was established in October last year by private-equity investor Mandarin Capital Partners, which is headquartered in Luxembourg... more
LiqueursCampari Group acquires Baron Philippe de Rothschild France Distribution
The Enterprise Value of the deal is €60.0 million
Further to the communication of November 15th, 2019, concerning the exclusive negotiations with Baron Philippe de Rothschild S.A. for the acquisition of 100% of the French distributor Baron Philippe de... more
CoffeeThe new illy Caffè opened in Venice
Located in the historic Royal Gardens near San Marco
The new illy Caffè opened in Venice, inside the historic Giardini Reali near San Marco. The Royal Gardens were commissioned by Napoleon Bonaparte in the early nineteenth century, and are now once again... more
FairsItalian Exhibition Group: Corrado Peraboni has appointed Ceo
The nomination will be effective from January 1, 2020
Italian Exhibition Group (IEG), a company listed on the Milan Stock Exchange, leader in Italy in the organization of international trade fair events and among the main operators in the exhibition sector... more
CoffeeJAB to list Peet’s and Douwe Egberts in €3bn coffee IPO
JDE Peet's would be the largest publicly traded, pure-play coffee company with annual sales of €7B
Jab Holding, a German conglomerate controlled by the Reimann family that collects many brands of consumer goods - including several in the beverage sector, such as Keurig, Dr Pepper, Peet's Coffee,... more