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Daily Insights and Food Industry News

DIAGEO POSTS GROWTH IN ALL REGIONS AS SALES JUMP 16%

31 Jan 2022  Read: 3 min.
Diageo, the owner of famous global alcohol labels like Guinness and Johnnie Walker grew its business across all regions by 15.8%, generating sales of just shy of £8 billion ($10.7 billion) in the half-year ending December 2021 (the first half of the company’s fiscal year 2022).

MEATLESS FARM LAUNCHES FROZEN RANGE AMID GROWTH IN DEMAND FOR PLANT-BASED FOODS

31 Jan 2022  Read: 2 min.
Amid growing interest in plant-based meat alternatives, British brand Meatless Farm has launched frozen versions of several of its products – and has also debuted an all-new frozen offering.

COCA-COLA AND MOLSON COORS TO TEAM UP ON NEW SIMPLY SPIKED LEMONADE LAUNCH

28 Jan 2022  Read: 3 min.
Coca-Cola and Molson Coors have expanded their exclusive agreement to release a line of alcoholic beverages inspired by America's top chilled juice brand Simply.

JAPANESE FOOD CHAINS MAKING INROADS INTO CHINA AS THEY LOOK TO CHALLENGE WESTERN BRANDS

28 Jan 2022  Read: 3 min.
Japanese food chains are moving in China as the expanding middle class in the world’s most populous nation offers growing opportunities.

UBER EATS TO LEAVE BRAZIL AS PARENT FIRM FOCUSES ON GROCERY DELIVERIES

28 Jan 2022  Read: 2 min.
Uber is ending its Uber Eats service in Brazil, indicating how competitive the restaurant delivery market is in the South American nation.

UNILEVER CUTS 1,500 MANAGEMENT ROLES AS IT UPDATES MODEL

27 Jan 2022  Read: 2 min.
Food-to-detergent giant, Unilever, is reducing its senior management roles by 15% and junior management roles by 5%, wiping out 1,500 jobs as it makes its structure simpler and more category-focused. Factory teams are unlikely to be impacted by the changes.

QUORN ANNOUNCES NEW PRODUCTS AND PARTNERSHIPS IN QUEST TO WIN “CHICKEN SANDWICH WARS”

26 Jan 2022  Read: 3 min.
Quorn has announced the launch of a range of new products and partnerships, in a bid to gain a larger market share in the U.S. The British food manufacturer looks to compete in the competitive chicken alternative market in America and across the globe.

NEW UK GENE EDITING RULES COULD SPARK CONTROVERSY

26 Jan 2022  Read: 2 min.
The British government is looking to relax rules on gene editing in plants, something it says will allow farmers to grow “more resistant, nutritious and productive crops”.

HALF OF BRITS LIMITING MEAT INTAKE OR CUTTING IT OUT ALL TOGETHER, MINTEL REPORT FINDS

25 Jan 2022  Read: 3 min.
Just under half (49%) of Brits are now limiting their meat intake or not eating it at all, up from four in ten (41%) in 2020 - and almost back in line with 2019 levels where the figure stood at 51%, according to a recent report from Mintel.

FLYING EMBERS CLOSES $20M SERIES C ROUND SUPPORTED BY BEAM SUNTORY

25 Jan 2022  Read: 2 min.
Global premium spirits group Beam Suntory has backed organic hard kombucha and hard seltzer maker, Flying Embers, in its latest Series C round which closed at $20 million. Funding also came from Power Plant Ventures, Quadrant Capital, Monogram Capital Partners, and Beechwood Capital in follow-on investments.

DAILY HARVEST CREATES TIE-UPS TO LIFT ORGANIC FARMING FROM LOW 1% SHARE

24 Jan 2022  Read: 3 min.
Meal subscription company Daily Harvest has formed a multi-year partnership with the American Farmland Trust (AFT) and California Certified Organic Farmers (CCOF) to improve farm viability in the state and expand the acreage of farmland that adopts organic and regenerative farming practices.

COVID ISOLATION FOR AUSTRALIAN FOOD WORKERS SCRAPPED AMID STAFF CRISIS

24 Jan 2022  Read: 2 min.
Australia has streamlined Covid isolation regulations to help combat the acute shortage of workers faced by its food industry.

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