EIT Food, the world’s largest agrifood community, will receive USD 500,000 in funding from the Citi Foundation’s first Global Innovation Challenge – a new model for philanthropic support to organizations that are developing innovative solutions to social and economic challenges facing low-income communities. EIT Food is supported by the European Institute of Innovation and Technology (EIT)
High energy costs and changed purchasing behavior prompted the company to seek reorganization. The management of Biebelhausener Mühle GmbH & Co. KG, one of the largest and oldest companies in the Trier region with around 550 employees, is undergoing a formal restructuring process.
Markel Group will hold its 2024 shareholders meeting at the University of Richmond Robins Center in Richmond, Virginia on Wednesday, on May 22, 2024 at 2:00 p.m. ET. Beyond a short business session, company leaders will tell the story of Markel Group’s financial performance, system, and culture before taking questions from the audience.
The Federation of European manufacturers and suppliers of ingredients to the bakery, confectionery, and patisserie industries, Fedima, published its new, interactive 2022-2023 Annual Report. The report provides an overview of Fedima’s work over the past year, insights into the core areas of activity of each workstream, as well as a preview of key upcoming projects for 2024.
Reading Bakery Systems (RBS) announced that Chip Czulada will become president of RBS on January 1, 2024. Joe Zaleski will continue serving as RBS president until the end of the year, and then transition to a strategic advisory role.
With over 2,400 stores across the UK, Greggs has become the country’s first fast-food chain, a ranking that previously belonged to Subway, which has 2,300 stores. The bakery opened 82 new locations this year alone and should have close to 150 new shops by the end of the year.
Guenther Bakeries’ new site will produce 72,000 buns an hour exclusively for McDonald’s UK. GBP 38 m went into the Coventry investment, GBP 20 m of which was spent on new technology, Insider Media reports. Around 90 people will be hired to work here. The facility is said to bake 1.1 million buns a day.
With EUR 2.1 b in revenue and EUR 112 m worth of profit, up from EUR 0.9 m, for the third quarter of its 2022/2023 financial year, ARYZTA announces considerably improved performance. Its revenue increased by 20.9% in this interval, to reach EUR 2,123.2 m.
