COFE app raises $3.2 M in Pre Series A Funding

COFE App was founded in the summer of 2017 by Mr. Ali Al Ebrahim. Early funding for the app was generated by him and other investors who are coffee enthusiastsKuwait-based COFE App, a coffee-centric marketplace app, announced today that it has secured USD 3.2 million in their Pre-Series A ...

Celsius Holdings to establish royalty license agreement in China

Under the agreement, Qifeng Food will be granted the exclusive license rights to manufacture, market and commercialize Celsius Branded Products in China. Celsius Holdings Inc., a global maker of the leading global fitness drink, CELSIUS, has announced that they have executed a definitive agreement t...

Cargill expands in Pakistan by investing $200M

The company’s strategy includes expansion across its agricultural trading and supply chain, edible oils, dairy, meat and animal feed businesses while ensuring safety and food traceabilityCargill renewed its long-standing commitment to Pakistan by announcing plans to invest more than US$200 million...

Alchemy Foodtech raises S$2.5m in pre-series A funding

The start-up aims to partner food manufacturers in the region to create low-GI and hence healthier versions of their productsSINGAPORE start-up Alchemy Foodtech has raised S$2.5 million in pre-series A funding, which will accelerate its development of lower glycemic index (GI) food staples and ...

Nutritional High announces financial results for Q1 2019

The Company has significantly bolstered its management team with the appointment of Mr. Tom Siciliano as President, effective December 10, 2018 and Mr. Michael DiNapoli as Chief Financial Officer, effective January 1, 2019.Nutritional High International Inc. announces financial and business results ...

Ingredion invests $140 million to accelerate growth in plant-based proteins

Combined strategic investments accelerate production and expand portfolio of plant-based proteins, including pulse flours, concentrates and isolates Ingredion, a leading global provider of ingredient solutions to diversified industries, today announced several steps to accelerate the production of p...

Cola-cola Amatil generates $77M from property optimization

“We continue to consider and implement the review outcomes. These three transactions have delivered solid commercial outcomes and some excellent opportunities for our partners"Coca-Cola Amatil has announced completion of three major property transactions with combined sale proceeds of $77 million,...

CJ Cheiljedang to buy US firm Schwan’s

The transaction will include 80 percent of Schwan’s Company and specific subsidiaries that focus on foods sold in retail and grocery channels and food-service venues.Schwan’s Company, a leading U.S. food business, has reached an agreement to sell a majority stake of the company to CJ CheilJe...

4Fingers buys 50% stake in Mad Mex

As part of the partnership, 4Fingers will initially establish Mad Mex’s presence in South-east Asia and will open a number of outlets in Singapore and Malaysia in the next 12 months. Singapore fried chicken chain 4Fingers has announced that it has acquired 50 per cent stake in Australian Mexican ...

Guzman y Gomez raises $44 M as it enters US market

TDM partner Tom Cowan, who is joing the GYG board along with Hilton Brett, said his investment firm was impressed by the passion the board and management have for the business as well as their focus on culture.Backed by Sydney investment company TDM Growth Partners, the Australian fast food franchis...

Chinova Bioworks closes seed financing round

The company announced the close of a seed round co-led by DSM Venturing BV and Rhapsody Venture Partners. Other investors in the financing round include AgFunder and Natural Products Canada.Chinova Bioworks, a supplier of an innovative mushroom-based natural preservative for food and beverages, has ...

Sino Agro Food, Inc. Reports Q2 2018 Results

First quarter gross profits totaled USD 5.4M for Q2 compared to USD 6.5M during Q2 2017 and USD 6.1M during Q1 2018.Sino Agro Food, Inc., a specialized investment company focused on protein food including seafood and cattle announces results for the quarter ending June 30, 2018. Financials Revenue...

NZ dairy firm Keytone Dairy lists on ASX

The company was founded by former Westland Dairy Co-op sales and marketing manager for Asia James Gong, who was born in China.Keystone Dairy Corporation, a major New Zealand manufacturer, packer and exporter of dairy and nutrition blended products has listed on the Australian Securities Exchange. K...

Eatigo receives follow-on funding from TripAdvisor

This brings its total raise across all its investors to date to over $25 million.Bangkok and India-based online restaurant reservation platform Eatigo has raised a follow-on funding as part of its pre-Series C round from existing investor TripAdvisor. This brings its total raise across all its inves...

Kirin, Mitsui to acquire stake in supplement firm

The two Japanese companies will own 40 percent each of New York-based Thorne through the investment expected to total over ¥5 billion each.Beverage group Kirin Holdings Co. and trading house Mitsui & Co. are planning to jointly acquire an 80 percent stake in Thorne Research Inc., a U.S. develop...

BreadTalk to set expansion in China through stake acquisition

The tripartite alliance is expected to leverage on Pindao in sourcing strategic locations in Shenzhen and Guangzhou.  Singapore- BreadTalk Group-Pindao Venture (BTG-Pindao) will acquire 90% of diner Song Fa (SF). The deal will transfer the operations and managing of restaurants from Song Fa Sub...

Danone to acquire a 49.9% stake in Yashili New Zealand

According to Yashili, the consideration, the payment method and the payment schedule shall be determined after arm’s length negotiations and mutual agreement between the parties.Danone has signed a non-binding agreement to acquire a 49.9 per cent stake in Yashili New Zealand Dairy Company, after i...

Jollibee to acquire Tim Ho Wan franchises for $33.4 M

The deal will combine Tim Ho Wan’s Michelin-starred barbecue pork buns with Jollibee’s stable of Chinese restaurants: Chowking in the Philippines, and Yonghe King and Hong Zhuang Yuan in China.Jollibee Foods Corp (JFC) has announced that it would invest US $33.4 million in a private equity fund ...

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