Yum! Brands’ KFC Division will acquire over 200 KFC restaurants from EG Group, the company’s largest KFC franchisee in the UK and Ireland, in line with its growth strategy in general and considering the UK and Ireland’s growing chicken market. KFC UK and Ireland have reported consistent growth that has continued this year, with system sales up 7% and same-store sales up 5% across its 1,040 restaurants.
Fedima nominated its new President, Vice-President, and Treasurer, appointed for a three-year mandate to guide the Board and the association’s work. The new leadership, decided during the recently elected Board’s meeting, includes Thomas Lesaffre of Lesaffre as President, Juan Carlos Puente of Zeelandia as Vice-President, and Carl Horrobin of ABIM as Treasurer.
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.
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.
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.
