Archives for June 28, 2016

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Thrive Market raises $111m in funding round led by Invus

By Elaine Watson

Los Angeles based Thrive Market – a membership-based online marketplace promising Whole Foods products at wholesale prices, delivered to your door – has raised $111m in a funding round led by investment firm Invus.

Danish Crown backs revolutionary packaging

By Rod Addy

Danish Crown has endorsed packaging that preserves long-distance meat shipments without the need for freezing or vacuum packing, claiming it would ‘gain traction’ in the pork industry.

Mezzan buys into KSA’s Al Safi for $25m

By Eliot Beer

Kuwaiti food conglomerate Mezzan Holding will buy into Saudi Arabia’s Al Safi Food for up to US$25m, while EIP, one of the buyers of Diamond Meat Processing, eyes further purchases.

Egypt agriculture in chaos amid fraud and inefficiency

By Eliot Beer

Egypt launches an investigation into potentially widespread fraud in its wheat procurement process, as the USDA claims wasteful food and agribusiness policies cost the country US$800m a year.

USDA pressed on Salmonella testing accuracy

By Joseph James Whitworth

The US Department of Agriculture (USDA) has been urged to revise pathogen testing protocols after a study found antimicrobials used as processing aids may lead to false-negative results.

Australia/New Zealand

Regulator seeks opinions on a raft of new food safety proposals

By RJ Whitehead

Food Standards Australia New Zealand has called for submissions on four new amendments to antipodean food safety regulations covering the use of water in wine production, propionates in processed meat, L-cysteine monohydrochloride as a food additive and...

Americana sale back on, NFPC sale off

By Eliot Beer

The sale of Americana finally went ahead this month, with Adeptio paying US$2.4bn, while NFPC abandoned its sale attempt, with potential buyers’ scepticism over expansion plans blamed. 

Ethical labels worth $2bn in UAE market

By Eliot Beer

Sales of products with ethical labels of some sort reached more than US$2bn in the UAE last year, according to Euromonitor, with recycling and preservatives the main areas of focus.

Scientists find defence for deadly pathogen

By Oscar Rousseau

Academics at the University of Nevada in the US have reduced salmonella in meat products by up to 90% after research into new pathogen prevention systems. 

Demand for lamb rises in China

By Oscar Rousseau

Chinese lamb imports increased by nearly a fifth last month as the soaring price of pork made sheep meat more competitive.

Middle East drives hope for Brazil sweet producers

By Eliot Beer

The Middle East is a bright spot for Brazil’s confectionery industry as the only global market seeing growth, with Brazilian producers hoping to capitalise further on synergies with the region.  

Ecolab tables bid for Laboratoires Anios

By Joseph James Whitworth

Ecolab has made an undisclosed binding offer to acquire Laboratoires Anios from co-owners Bertrand and Thierry Letartre and private investment company Ardian

Crystal Pepsi to make a nostalgia-fueled comeback this summer

By Elaine Watson

Inspired by "overwhelming fan demand," Pepsi (as widely rumored) is bringing back Crystal Pepsi – a clear cola it launched, and ditched again in the 1990s – for a limited time in retail and foodservice locations in Canada and the US this summer.

Insects on the world’s menus: Why not?

By Massimo Reverberi, founder of Bugsolutely

As most residents of Bangkok, where I live, will confirm, food is a matter of national pride. And most of the eating happens outside the home. 

Sustainability: A long-term investment and driver of innovation?

By Will Chu

The food industry has taken notable steps to address the issue of sustainable sourcing, compelled by a corporate and social responsibility that ensures products that are produced in a safe, supportive and environmentally responsible manner. 

Whole Foods to start sharing POS data with Nielsen

By Elaine WATSON

Whole Foods Market – which has historically not shared its sales data with syndicated data providers - has selected Nielsen as its primary US analytics provider for point of sale (POS) data, consumer insights, and industry metrics.