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.
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.
