Unilever has agreed to acquire GlaxoSmithKline’s Health Food Drinks (HFD) portfolio in 22 Asian markets, including India and Bangladesh, for a total contribution on its part of €3.3bn in cash and shares.
Nestlé has joined the growing number of food and drink manufacturers stockpiling products ahead of Brexit, as it warns of the “severe consequences” of a no-deal Brexit.
Dairy, milk and ingredients producer Müller would be the front-runner in a potential purchase of Ambrosia from Premier Foods, according to an industry insider.
UK food and drink businesses have been on a charm offensive in China as part of a trade mission organised by the Department for International Trade (DIT), Santander UK and the China-Britain Business Council (CBBC).
Princes has gained approval to redevelop its canning site in Long Sutton, Lincolnshire, securing the jobs of 498 permanent workers and more than 100 agency staff.
Snack brand Walkers has been forced to recall packs of crisps due to incorrect allergen labelling, while a number of other manufacturers have announced recalls in the past week.
