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Pasture-raised egg producer Vital Farms files for IPO

Pasture-raised egg producer Vital Farms files for IPO

22 Jul 2020

Pasture-raised egg company Vital Farms filed with the U.S. Securities and Exchange Commission (SEC) to raise up to $100 million in an initial public offering. The company plans to use the symbol VITL on the NASDAQ New York stock exchange.

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Analysts report Monster Beverage likely to enter hard seltzer segment

Analysts report Monster Beverage likely to enter hard seltzer segment

21 Jul 2020

Stifel analyst Mark Astrachan released a report stating that he expects energy drink giant Monster Beverage to enter both the hard seltzer space and the non-alcoholic sparkling water category.

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PepsiCo Egypt CEO feels bullish about regional growth: ‘The opportunities are huge’

PepsiCo Egypt CEO feels bullish about regional growth: ‘The opportunities are huge’

20 Jul 2020

PepsiCo recently announced a US$100m capital investments in Egypt, and its confidence in the country’s growth potential is unshaken even by coronavirus, says the CEO of PepsiCo Egypt.

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Uber agrees to buy Postmates for $2.65 billion

Uber agrees to buy Postmates for $2.65 billion

17 Jul 2020

Uber will expand its food delivery business with a $2.65 billion acquisition of the Postmates delivery service. The financial transaction will be done in an all-stock deal, putting the pressure on both companies to continue delivering growth and become...

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Danone rejects claim that its infant formulas contain toxic substances

Danone rejects claim that its infant formulas contain toxic substances

15 Jul 2020

After industry watchdog group Foodwatch released a report last October that aromatic mineral oils (MOAH) were found in 16 infant formula brands, including Danone’s Gallia Galliagest Lactose-free Growing-up product, the French manufacturing giant recent...

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Coca-Cola to discontinue its Odwalla brand

Coca-Cola to discontinue its Odwalla brand

14 Jul 2020

Coca-Cola is eliminating its Odwalla brand and the refrigerated trucking network that transports these cold fruit beverages. Deliveries of Odwalla will stop at the end of July and unsold inventory will be picked up in August. This move by Coca-Cola wil...

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Gates Foundation leads $45 million investment in crop protection startup

Gates Foundation leads $45 million investment in crop protection startup

10 Jul 2020

Crop protection company Enko Chem announced that it raised $45 million in a Series B funding round led by the Bill and Melinda Gates Foundation with participation from Anterra Capital, Rabobank, Finistere Ventures, Novalis LifeSciences, Germin8 Venture...

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Australian firm focuses on anti-counterfeit technology to combat fraud in the wine industry

Australian firm focuses on anti-counterfeit technology to combat fraud in the wine industry

7 Jul 2020

EBottli recently launched in Australia with the goal of protecting the country’s wine exports from counterfeits that are prevalent in Asia. In China alone, potential losses to counterfeit wine are anticipated to reach $3 trillion by 2022. Australian wi...

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Chilean biotech firm Protera moves to Paris, closes $5.6M in Series A funding

Chilean biotech firm Protera moves to Paris, closes $5.6M in Series A funding

6 Jul 2020

The AI-driven bioscience startup Protera closed a $5.6 million round of funding on June 10, that was led by Sofinnova Partners, a European life sciences venture capital firm. There was also participation from an existing venture capital investor, SOSV.

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Food allergies affect 1 in 4 consumers, according to FARE

Food allergies affect 1 in 4 consumers, according to FARE

3 Jul 2020

New research from FARE (Food Allergy Research & Education) found that 85 million Americans, or 1 in 4 people, avoid purchasing products with the top 9 allergens due to either personal allergies or allergies suffers that live in the same household.

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Spiritless, a non-alcoholic bourbon hailing from bourbon country

Spiritless, a non-alcoholic bourbon hailing from bourbon country

2 Jul 2020

Much as the name indicates, a new, alcohol-free bourbon has appeared on the U.S. market. Called Spiritless Kentucky 74, this libation hails from the heart of bourbon country and became available at the end of June.

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Novozymes acquires PrecisionBiotics Group

Novozymes acquires PrecisionBiotics Group

2 Jul 2020

Danish biotech company Novozymes announced its acquisition of Irish probiotics firm PrecisionBiotics Group for €80 million.

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