Market

  • Campari acquires interest in Tannic

    Campari Group has acquired a 49% stake in Tannic, Italy’s leading platform for the online sale of wines and premium spirits, with the option to increase its interest to 100% in 2025.
  • Alibaba sees surge in sales during lockdown

    Risultati economici oltre le aspettative per il colosso cinese Alibaba che, così come accaduto per gli altri attori dello shopping online, svela un trend delle vendite cresciuto a doppia velocità.
  • Pepsico set to abandon NourishCo Beverages

    The multinational Tata Consumer Products has agreed to acquire PepsiCo’s stake in NourishCo Beverages, the Indian 50:50 joint venture set up between the two firms in 2010.
  • Monini, 2030 sustainability plan includes packaging

    Monini, a pioneering Italian extra virgin olive oil producer based in the Umbria region, has announced a sustainability plan that will see it invest €25 million by 2030 in three major areas: “In campo” (“In the field”), “Dentro la bottiglia” (“In the bottle”) and “Sulla tavola” (“On the table”).
  • New joint venture in the field of plant-based food production

    Brazilian companies Marfrig and Archer Daniels Midland (ADM) have formed a new joint venture company (owned 70%-30% respectively) which will offer plant-based food products in North and South America under the new PlantPlus Food brand name.
  • Barry Callebaut expands its chocolate business

    The Switzerland-based international confectionery group Barry Callebaut has signed an agreement to acquire GKC Foods, one of Australia’s largest chocolate producers, with the aim of expanding its presence in Australia and New Zealand.
  • Nestlé launches major investments in China

    With an approved plan worth CHF 100 million (US$ 103 million), Nestlé has launched a series of strategic investments aimed at strengthening its footprint in China.
  • Orsero grows and confirms FY 2020 Guidance

    Orsero, a company listed on the STAR segment of Borsa Italiana’s equity market, has escaped the impact of the Covid-19 pandemic and posted 7.9% growth in net revenues in Q1 to €240.9 million.
  • Red Bull sets its sights on Beijing

    The Thai group TCP, owner of the popular Red Bull brand, is expanding its business in China with a series of investments totalling $150 million over the next three years.
  • Givaudan sells some activities to St. Paul

    Swiss group Givaudan, the global leader in the flavours and fragrances sector, has entered into an agreement to divest part of its dairy business (processed, grated, analogue and air-dried cheese) to the St. Paul Group, a cheese specialist with premises in Belgium and the Netherlands.
  • The importance of plastics during the health crisis

    In March, ILIP (ILPA group) posted double-digit sales growth in the packaging segment, including a particularly strong increase in exports, driven by the surge in demand for plastic packaging for fruit and vegetables.
  • Hershey converts chocolate line to facemask production

    The Hershey Company, one of the largest US manufacturers of chocolate snacks, is committing $1 million to install a new line for the production of facemasks in response to the shortage of protective equipment in the United States.

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