Captain Fresh, an online seafood marketplace, has raised a further $12 million (€10.2 million) in its latest funding round, with angel investors among those putting money into the Indian-based company.
Kantar has reported that in-home consumption in Argentina, Brazil and Colombia decreased in the first quarter of 2021 compared to 2020, largely due to a drop in purchase frequency seen across the lower classes.
Paris-based Gourmey, a French pioneer in cultivated meat, has raised $10 million in new financing, said to be the largest seed round for a cultivated poultry start-up to date.
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 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.
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.
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.
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.
