Middleby to sell 51% stake in residential kitchen business
The Middleby Corporation announced the sale of 51% stake in its Residential Kitchen business to 26North Partners LP. The transaction valued at Residential Kitchen at USD 885 million.
Sweden: Almondy expands capacity
Almondy continues to expand in both the Nordic and global markets. The Swedish company announced an investment in increasing its production capacity, which also includes the expansion of the company’s bakery in Torslanda.
Boogie Lab expands US presence
Croatia-based Boogie Lab expands its US presence with a new restaurant in New York and a new product launch: a sourdough panettone by Boogie Bakery, available in retail.
The Emmi Group is acquiring The English Cheesecake Company Ltd., a premium cheesecake brand in the British retail trade. Founded as a family business in 2000, the British company generated sales of around GBP 23 million.
The group’s sales in the third quarter increased by 19% compared to the similar period of last year, reaching EUR 448 million.
Panera Bread issued its transformation strategy designed to guide the next phase of Panera’s growth, called ‘Panera RISE’. The ambitious plan aims to have Panera surpass USD 7 billion in sales by 2028.
The FEB issued a warning regarding a measure in the 2026 finance bill that would introduce a double tax of up to EUR 60,000 for franchise restaurants. According to the upcoming new rule, two bakers doing the same job, in the same city and with the same expenses, would now…
Nexture, the Italian parent company of CSM Ingredients Group and the Italcanditi Group, signed an agreement to acquire Oferta Genuína S.A. – Frulact, an established manufacturer of fruit-based specialty ingredients, liquid flavors and plant-based ingredients. Frulact products can be used for a variety of end applications, including dairy, ice cream,…