Upside Foods (formerly called Memphis Meats) has bought Wisconsin-based cultivated seafood company Cultured Decadence – a move that gives California-based Upside entry into a new food segment and an expanded portfolio of cultivated meat. The financial terms of the deal were not disclosed.
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).
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 have expanded their exclusive agreement to release a line of alcoholic beverages inspired by America's top chilled juice brand Simply.
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 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.
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”.
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.
