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Daily Insights and Food Industry News

WILL EUROPEAN WINES & SPIRITS BE BOOSTED BY MOËT HENNESSY AND CAMPARI GROUP E-COMMERCE TIE-UP?

19 Jul 2021  Read: 3 min.
The wines and spirits division of France’s LVMH and Italy-based global spirits group Campari are forming a 50:50 joint venture to create a pan-European e-commerce pure player.

NESTLE STRENGTHENS SOUTH CAROLINA PLANT WITH $100M CASH INJECTION

19 Jul 2021  Read: < 1 min.
Nestle is investing $100 million (€84.64 million) to increase capacity at its frozen food plant in South Carolina to meet an increase in demand for its products.

BAN ON GM CROPS IN NEW SOUTH WALES LIFTED

16 Jul 2021  Read: 2 min.
A GM crop ban in New South Wales has been lifted by the authorities.

UAE TURNS HYDROPONIC TO BOOST FOOD SECURITY

16 Jul 2021  Read: 3 min.
A major hydroponics farm is being set up in the United Arab Emirates in the latest move by the country to improve its food security.

LIDL AND KAUFLAND NON-RETURN PET BOTTLES NOW MADE FROM 100% RECYCLED PLASTIC

15 Jul 2021  Read: < 1 min.
Lidl and Kaufland, both part of the privately-owned global discounter Schwarz Group, are both producing own-brand items in not-returnable bottles made from 100% recycled plastic (rPET) in their home market of Germany.

BIDEN ADMINISTRATION TO INVEST €550 MILLION TO BOOST COMPETITION IN THE US MEAT INDUSTRY

15 Jul 2021  Read: 3 min.
The Biden administration is set to invest in America's meat-processing capacity and “revitalise” trading rules, arguing that Covid-19 has demonstrated the need for more competition in the industry.

NEW REPORT SHOWS ORGANIC IMPORTS TO EU27 DROPPED LAST YEAR

14 Jul 2021  Read: 2 min.
Organic imports into the European Union fell slightly last year, according to a report released by the 27-member bloc’s executive branch.

ALTRIA OFFLOADS WINE BUSINESS TO PRIVATE EQUITY FIRM FOR $1.2BN

13 Jul 2021  Read: < 1 min.
Tobacco-to-drinks group Altria is selling its US Ste. Michelle Wine Estates (SMWE) business to private equity firm Sycamore Partners in a $1.2 billion deal. The all-cash transaction is through Altria Group subsidiary UST and is expected to close in the second half of 2021, subject to the usual clearances.

WORKING TOWARDS A SUSTAINABLE REVOLUTION WITH NATURE’S FYND

13 Jul 2021  Read: 3 min.
How do we feed the entire world and how do we feed it well? This is a challenging task for many companies, scientists and public administrations today. Knowing this issue, Bill Gates, Jeff Bezos and Al Gore invested US$158 million into a start-up company Nature's Fynd, based in Chicago.

US SPIRITS INDUSTRY URGES BRITAIN TO DROP 25% TARIFF ON AMERICAN WHISKEY

12 Jul 2021  Read: 3 min.
The Distilled Spirits Council of the United States (Discus) is hoping that the only spirits category subject to tariffs between the UK and US will get a reprieve following a consultation that is now in progress.

SIAL PARIS AND THE UNITED STATES HERALD LONG-STANDING PARTNERSHIP

12 Jul 2021  Read: 5 min.
We asked SIAL Director, Adeline Vancauwelaert, and Laurent Journo, Marketing Specialist at the Embassy of the United States of America in Paris, to find out more about the special relationship between the country and SIAL Paris.

RHODES FOOD GROUP LOOKS FOR NEW SYNERGIES AFTER BUYING PIONEER FOODS’ FROZEN ARM

12 Jul 2021  Read: < 1 min.
Rhodes Food Group (RFG) of South Africa is hoping for synergies after buying the frozen foods business of another South African company, Pioneer Foods.

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