Danone and Yashili, a division of China’s Mengniu Dairy Co, have signed a memorandum of understanding (MOU) whereby Danone acquires 49% of the shares of the dairy company Yashili New Zealand Dairy Co.
Infant formula firm Bubs Australia has entered a binding manufacturing agreement with a CNCA-licensed production facility as part of its efforts to achieve CFDA (China Food and Drug Administration) registration, while also inking a deal with Alibaba to...
More than 160 jobs are at risk as Arla Foods UK plans a reorganization of its cheese business and warehouse network, with another 195 people affected in support functions, primarily at the cooperative’s Aarhus, Denmark headquarters.
New Zealand cooperative Fonterra, the world’s largest dairy exporter, is expanding its online presence to consumers in Southeast Asia for the first time through a new partnership with Lazada, an online shopping destination in the region.
The Arla Foods amba board of directors has appointed Jan Toft Nørgaard from Skærbæk, Denmark, to succeed Åke Hantoft as chairman of Arla Foods amba, when Hantoft steps down on July 2 after seven years in the role.
Swiss nutrition company Hochdorf Swiss Nutrition Ltd has acquired the Swiss baby care producer Bimbosan AG in a cash and share deal (10% treasury shares) for an estimated price of CHF 30m, which the company said represents approximately 2.5x and 13x EBITDA...
Morinaga Milk's financial results for the last year saw a slight dip overall, with net sales falling 0.1% (¥530m) year-on-year to ¥592,087m, but the firm is targeting sales success with its higher-value functional products.
