Tate & Lyle research highlights that almost half of young people (45%) in the UK and Europe are buying bakery products every day as it becomes an increasingly important part of their diets. The study found that one-third of people over 34 are also buying baked goods daily.
The Women’s Networking Breakfast was held on November 29 at Fi Europe 2023, aiming to bridge the disconnect between women’s representation in leadership in the food industry and their involvement in food production and related purchasing decisions.
Ingredion signed an agreement to divest its business in South Korea to an affiliate of the Sajo Group, a leading food company headquartered in Seoul, South Korea. The transaction is expected to close in the first quarter of 2024, subject to regulatory approvals and satisfaction of other customary closing conditions.
Pizza Hut and Beyond Meat launched a new Beyond Pepperoni range in the UK. The new range is now available at Pizza Hut Delivery locations throughout the UK, and will be rolling into all Pizza Hut restaurants across the country from January 2024, for a limited time.
Lesaffre announced a series of investments in the U.S. to strengthen its geographical footprint in the region. Lesaffre is investing in both new equipment and R&D to offer relevant solutions, while also respecting the planet’s limited resources. The company has been active in this market for 45 years, where it currently employs more than 600 people in its yeast, bacteria and baking ingredients factories, Baking Center and corporate headquarters.
Nagual celebrated its 20th anniversary working to bring European consumers closer to the gastronomic culture of tortillas for tacos, nachos, quesadillas, fajitas and other native dishes of Mesoamerica. The anniversary coincides with the best year in the history of the company in terms of results, with an expected turnover of EUR 3 million this year, which is 23% more than in 2022.
Grupo Bimbo is moving towards net zero carbon emissions, with 92% of its electricity now coming from renewable sources such as the sun and wind, the company highlighted at its internal Global Sustainability Summit held in Mexico.
Subway announced its new Chief Financial Officer will be Jeff Shepherd as Chief Financial Officer (CFO), from the beginning of 2024. Shepherd will report directly to Chief Executive Officer John Chidsey.
The Helmut Koenig Private Foundation’s Board of Directors unanimously decided to reorganize the management and dismissed Wolfgang Staufer as CEO. Managing Director Hannes Stelzer is taking over the management of Koenig Maschinen GmbH as well as the Koenig Group international, the company announced.
Bühler unveiled its new food innovation hub in Uzwil, Switzerland, focusing on product and process development. Four Application and Training Centers (ATCs) – Flavor Creation Center, Food Creation Center, Protein Application Center, and Energy Recovery Center – are opening their doors to complement the existing ATCs, such as the Extrusion Application Center.