Economy and finance
518 news found
Economy and financeStock reorganization to the confectionary Salpa: the bottom comes out Equinox
A private equity fund enters: the Cherubini family remains 37% of the Umbrian company of ice cream biscuits
Stock reorganization in view of the Salpa di San Giustino (Perugia), confectionery company specializing in the production of biscuits for ice cream, decorations and gluten free products. This is anticipated... more
Economy and financeLingotto invests in agribusiness USA Indigo
Exor vehicle (Agnelli-Elkann) participates in $250 million startup investment
It’s wrong to think that John Elkann believes only in the future of healthcare. He believes, and not a little, in that of agribusiness. This is attested by the investments of his Lingotto Investment M... more
Economy and financeLulu group exports the made in Italy from the new hub of Malpensa
The UAE giant has activated the Malpensa World Trade Center for exports to the Middle East, India and Indonesia
Italian food and drinks will have an extra channel to reach the tables of customers in the Middle East, India and Indonesia. The new channel is called Malpensa World Trade Center in via del Gregge, in... more
Economy and financeHeineken UK expands into ready to drink
The brewery acquires a "significant minority stake" in Served, a brand founded by singer Ellie Goulding
Heineken UK acquired a "significant minority stake" in Served, a cocktail brand co-founded in 2020 by singer Ellie Goulding and brothers Dean and Ryan Ginsberg, soon becoming one of the fastest growing... more
Economy and financeDe Angelis Food takes you regal and SaordelMar
Double acquisition for the Veronese company that aims at a consolidated turnover of over 135 million euros
De Angelis Food Group has acquired the majority package of the pasta factory of Abruzzo Regal and has brought to 100% its participation in the Padua SaordelMar, a manufacturer of fish sauces and cod. With... more
Economy and financeCsm Ingredients celebrates 100 years with new production line
2 million investment for historic Crema plant that produces margarine
Csm Ingredients, a global player specializing in the research, innovation and production of food ingredients, celebrated the 100th anniversary of its historic production facility in Crema, Cremona, Italy.... more
Economy and financeDeA Capital Alternative Funds Sgr invests in Fondo Flexible Capital
The foundations of the industrial integration project between Costa Edutainment and Opera Laboratori have been laid
The partnership between DeA Capital Alternative Funds Sgr, a company of the DeA Capital Group, and the Costa Edutainment Group is consolidated with a new financial operation through the Flexible Capital... more
Economy and financeIs La Piadineria for sale?
Shareholder Permira is reportedly about to put the 360 restaurant chain on the market
It's the ballet of private equity and now it's up to La Piadineria, a chain of restaurants founded in 1994 with 360 restaurants and a turnover of 200 million expected in 2023, which could be sold. According... more
Economy and financeDe Wave, first order in Saudi Arabia
$60 mln contract for "Manara" VIP area to Genovese yacht and ship interior fittings group
Genoa-based De Wave Group, which is internationally active in the fitting out of interiors (including bars, restaurants and kitchens) of cruise ships and yachts, has won an order worth more than $ 60 million... more
Economy and financeEuropean banks: Messina (Intesa Sanpaolo) confirms itself as the best CEO
The group's board of directors ranks first in the 2023 ranking drawn up by Institutional Investor
Intesa Sanpaolo confirms itself as first in Europe for relations with institutional investors and financial analysts and for ESG aspects, according to the 2023 ranking drawn up by the specialized research... more
Economy and financeStarbucks puts out the first 5 candles in Italy
Catrambone: "We continue to expand the store network". Next opening in Naples
Starbucks celebrates today, with a rich calendar of events, the 5 anniversary of its arrival in Italy. Forty years after the first visit to Italy by the founder of Starbucks in 1983, Howard Schultz’s d... more
Economy and financeNestlé, expansion in Brazil with Kopenhagen
The multinational is willing to buy the brand Carioca chocolate and Brasil Cacau
Nestlé decided to acquire the Brazilian chocolate brand Kopenhagen. The news leaked through local media that the multinational confectionery will pay about 3 billion reais (equal to over 562.4 million... more
Economy and financeSimest subsidises Sapa (vehicle components)
Six million euros investment for the purchase of Spanish Hispamoldes
With a total of 6 million Euros, Simest, the Cassa depositi e prestiti group's company for the internationalisation of companies, has provided Sapa, a Campania-based company specialising in sustainable... more
Economy and financeValsoia, HY23 with revenues up 12.6%
Food division in Italy grows 31% driven by Häagen-Dazs ice creams
Valsoia's board of directors approved the half-year financial report as of June 30, 2023, which shows total revenues at 55.8 million Euros, up 12.6% compared to the same period in 2022. In Italy, revenues... more
Economy and financeDomori, chocolate is ready for large-scale distribution
New line in the pipeline for the brand, which opens its new store in Trieste on September 16
Domori chocolate is ready to land in the large-scale retail channel. The Illy Polo del Gusto brand is preparing a new line dedicated to the large-scale retail trade: this is the news expected in the coming... more
Economy and financeEathic, the platform that solves restaurants' problems
Interview with Andrea Manfré, co-founder of the startup that connects producers and restaurateurs
It has just closed a 120,000 euros funding round, qualifying as a new player within the food tech landscape. We are talking about Eathic, the ethical startup and marketplace, born among the classrooms... more
Economy and financeSecond Ukrainian ship loaded with grain departs Odessa
"Primus" sails to Bulgaria to avoid Russian attacks
Left Odessa yesterday Sunday, August 27 "Primus", the second Ukrainian ship loaded with grain. To avoid Russian attacks it sails toward Bulgaria. After Russia abandoned the grain agreement, the Black Sea... more
Economy and financeVortice with acquisition of Casals contributes to animal welfare
The two companies have developed a series of blades and axial fans for stables
It recently won the "Lider" award as the best company in the territory of Ripolles, in the province of Girona, Spain. We are talking about Casals Ventilacion, an Iberian company that has specialized in... more
Economy and financeRestaurant Brands, golden quarter exceeds analysts' estimates
Fast food chain with Burger King reports consolidated sales +9.6% to over $30 billion
Restaurant Brands International, the Canadian-American multinational fast food holding company, is off to a good start on the Wall Street stock exchange today (+1%) after beating analysts' consensus estimates... more
Economy and financeTyson Foods, earnings plummet and drag down stock on the stock market
Operating profit -82% in third quarter of fiscal 2023: blame falling consumer spending
The slump in profits of Tyson Foods, a U.S.-based company based in Arkansas (and branches also in Italy, in Verona) but above all one of the world's largest players in the animal protein sector, is not... more
Economy and financeCoricelli's challenges to defend oil made in Italy
Circular economy, blockchain, new contracts with farmers: the Spoleto-based company's challenges
When it comes to made in Italy Chiara Coricelli, ceo of Umbrian Pietro Coricelli, has nothing to learn. Her oil empire is one of the strongest brands not only in Italy. The family business has been based... more
Economy and financeFiorucci salumi changes hands and returns to Europe
Historic delicatessen acquired by Germany's Navigato and Ireland's White Park
Fiorucci cured meats are returning to Europe. In fact, the company is moving from Mexican multinational Sigma Alimentos to Germany's Navigator group and Ireland's White Park Capital. Cesare Fiorucci charcuterie,... more
Economy and financeKraft Heinz, sales miss estimates and stock suffers
Wall Street opening at -1.3%: blame net sales attested at $6.72 bn (analysts expected $6.8 bn)
Kraft Heinz's sales miss estimates as price increases hit demand. The company itself said this, announcing that it missed quarterly sales estimates as inflation-hit customers bought fewer packaged meals... more
Economy and financeWheat king Bunge raises 2023 estimates after positive half year
Missouri agribusiness forecasts earnings of $11.75 share, higher than market expectations
One of the world's largest agribusiness deals has just been initiated (and is about to close) that could turn the grain sector itself on its head, with Glencore's acquisition of Viterra, Canada's largest... more
Economy and financeCherry Bank, €5 million loan to Sperlari
The goal is to foster the development of Paluani 1921's production lines
Strong support for both the manufacturing business and the excellence of made in Italy, without forgetting the impacts on the local economy. These are the key points that guided the closing of the 5 million... more
Economy and financeDeA Capital Alternative Funds Sgr invests in the Snaidero Group together with Amco
The operation envisaged a capital increase of over 15 million euro
IDeA Corporate Credit Recovery II (“IDeA Ccr II”), managed by DeA Capital Alternative Funds Sgr, today finalized an investment agreement in the Snaidero Group, confirming its support for the new 2023-2027 dev... more
Economy and financeMondelēz raises annual outlook thanks to rising revenues
Second quarter closed with sales up 17% to €7.7bn: 2023 forecast raised to 12%
Mondelēz International has raised its organic net sales growth forecast for the full year 2023 after reporting a 17 percent increase in sales in the second quarter, double the +9.5 percent increase in... more
Economy and financePret a manger, sales at over 500 million in the first half of the year (+20%)
The British chain recently made its debut in Italy through Chef Express
Pret a manger, a U.K. based coffee and food-to-go chain, reported 20% year-on-year sales growth in the six months ended June 30, 2023 to reach 430 million pounds, or more than 501 million Euros. The company... more
Economy and financeBrazilian antitrust blocks sale of DPA to Lactalis
It seemed like a done deal: instead, Cade refers the purchase to the Court of Justice
The technical staff of Brazil's antitrust watchdog, Cade, or Administrative council for economic defense, has given the body its negative opinion on the sale of Dpa, Dairy partners america Brazil, from... more
Economy and financeDanone, "solid" first half 2023
Turnover up 8.4%, sales up 6.4%
Danone reported a "solid" first half of the year, with net sales of 14.17 billion Euros, up 8.4%. Second quarter sales stood at 7.2 billion Euros, up 6.4%, with prices up 8.7% and volume/mix down 2.3%.... more