Pernod Ricard affiliate Irish Distillers has entered into exclusive talks with Sazerac to sell Paddy, the fourth largest Irish whiskey brand in the world. If completed the deal would see
Food & Beverage
Fyffes has increased its target earnings ranges for 2016 and has said that its existing business has performed in line with their expectations so far for 2016. In a trading
Kerry Food Group has said it is confident of delivering 6-10% growth after reporting in a 2.9% growth in business volumes in the first quarter. The group which makes Dairygold, Dennys and
Glanbia total group revenue fell by 2.5% in the first quarter sales. The nutritional group said the fall was mainly due to declines in its Global Ingredients sector where the falling milk
Starbucks Corp on Thursday posted quarterly cafe sales that missed analysts’ growth estimates for every region where it operates and issued a disappointing full-year forecast, sending its shares down about
Brewer Heineken sold far more beer than expected in the first three months of the year, helped by growth over the Vietnamese and Chinese New Years and an earlier Easter, sending
Glanbia has been accused of paying below the market rate for milk from its suppliers after it cut base milk prices to 22 cent a litre. The lowest price it
The world’s biggest food company, Nestle has confirmed its full-year outlook after first-quarter underlying sales growth of 3.9% beating analysts’ estimates, driven mostly by growth in volumes rather than pricing. Nestle’s first-quarter growth
Drinks giant C&C has been urged to find a buyer for its Shepton Mallet mill in Somerset after its announcement that it is to close the mill in the summer. The closure
Craft beers will soon be much more expensive after the price of hops soared due to the dry and hot weather blighting the hop harvest across Europe last year. This is likely to
Highline Produce has been acquired by Fyffes for $145 million. Fyffes has acquired 100% of the equity and will refinance the existing debt in the Canadian mushroom producing company. Fyffes plans to fund the purchase
Unite and SIPTU members working at Cadbury in Dublin have voted to accept proposals from the Workplace Relations Commission by a three-to-one majority. They were put to workers at the Coolock
Hilliard Lombard, the former head of Aryzta’s European and Asian business has been appointed as managing director of Valeo’s Irish operations. Mr Lombard, who spent over a decade at Aryzta
Aryzta CEO Owen Killian, has sold shares in Aryzta worth over €15m between Monday and yesterday. But the CEO of the Swiss Irish food company has now issued a statement saying
Ornua has opened a €20m Cheese Manufacturing Facility in the Saudi Arabian capital of Riyadh. New technology developed by Ornua and Teagasc, the food development authority, will be implemented at
Aryzta the Swiss-Irish food group saw its shares fall as much as 5.7 per cent in early morning trading on Monday after the company admitted growth will be erratic over the next
Caffe Nero, the specialist coffee retailer chain has outlined plans to invest €20 million in Ireland by opening 40 new outlets across the country, with the potential creation of 350 new
Aramark, global provider of award winning services in food, facilities management and property, has announced its nominated charities in Ireland for 2016. Aware Mater Foundation Cork Samaritans Galway Autism
Drinks manufacturer C&C has said it expects group operating profit to be in the region of €103 million this year. In a trading statement released to the Irish Stock Exchange this
Aramark, the global provider of award-winning services in food, facilities management and property, has announced an exciting new partnership with leading Irish healthy food company, Chopped. The five year deal
AIMPLAS is holding on 26 and 27 April an international meeting, where they will be tackled the future of plastic materials and the latest innovations of sectors such as medicine,
O’Brien Fine Foods has announced it is to create new jobs as it invests €14m in its ham processing plant in Timahoe, Co Kildare. The company said the expansion would create
Bord Bia has announced that the value of Irish food and drink exports was almost €11bn last year. That is the
Bord Bia and the UCD Michael Smurfit Graduate Business School today launched a search for 20 ambitious graduates with a
C&C Group has announced a new long term partnership agreement with Pabst Brewing Company for the sale and distribution of
The beermaker Anheuser-Busch InBev NV is looking to sell the Peroni and Grolsch brands as it works to gain regulatory
The European Union commission has opened a formal state aid investigation into allegations that fast food giant McDonald’s received a
Greencore, the Irish-based food-to-go company, has reported a 13.5% increase in pre-tax profits for the year to the end of September.
Guinness is launching an experimental brewery in Dublin today at The Open Gate Brewery, St. James’s Gate. The brewery will be located
The Irish drinks industry has the potential to double exports to more than €2 billion over the next 15 years
The Pratt family behind the Avoca chain of luxury retail outlets and cafés have agreed to sell US catering group
The Hogan family, which owns 50 percent of catering services company Kylemore Services Group (KSG), has made a €6.54m offer
Glanbia is in advanced discussions about a $140m project to expand cheese and whey production at its New Mexico plant. The
Global restaurant and boulangerie, Le Pain Quotidien, opens the doors of it’s first Irish location today. The launch today in
Largo Foods founder Ray Coyle has this week agreed to sell his final shareholding in the company he established 33
Pernod Ricard, the French spirits group expects it’s sales to gradually improve this year in its main markets of Europe
The National Sustainability Summit will take place for the first time on 3 November in the Aviva Stadium, Dublin. The
The European Union is demanding that U.S. coffee chain Starbucks and carmaker Fiat repay up to 30 million euros each
The coffee giant is planning to break the norm at it’s new store in London. The store near Covent Garden
Chief executive Emmet O’Neill told RTE’s Morning Ireland that the company was “playing with those ideas at the moment”. “Where
Kerry Group has spent $735m (€646m) on three US acquisitions, with chief executive Stan McCarthy saying the businesses provided the
Food giant Nestle today lowered its full-year outlook as a Maggi noodle scandal continued to drag down third-quarter sales. The
With Android phones becoming so commonplace, so what if they are compared to sugar water? In fact, Pepsi appears to
Anheuser-Busch InBev has agreed in principle to buy SABMiller for approximately £68 billion or €92 billion, raising its bid after
C&C shareholders are pushing for a strategic overhaul of the company following a sequence of earnings downgrades, a profit warning
A dream to bring pure pot still Irish whiskey back to the West of Ireland after an absence of over
Cork retail group Musgrave – the owner of the SuperValu and Centra brands – has signed a deal with New
Researchers at the APC Microbiome Institute in University College Cork and University of Naples Federico II have shown that a
Tesco has seen sales at its Irish supermarkets grow for the first time in more than two years although the
Swiss-Irish food group Aryzta said on Monday that revenues in the year to July 31st 2015 rose by 12.6 per
Aryzta has announced plans to sell its remaining stock in Irish agri-services group Origin Enterprises. The Swiss-based food group said it
Adverse exchange rate movements will hit Diageo’s full-year operating profit, the drinks group said, reducing it by up to £150
Investec & Irish Exporters Association: FDI companies dominate Ireland’s export industry -Investec Sponsored Irish Exporters Association Report shows significant growth
Powerscourt distillery will create 18 full-time jobs with a craft distillery and visitor centre at the Powerscourt Estate, in Enniskerry,
Diageo is expected to name Oliver Loomes as its new country director of Ireland later this morning in place of
Total Produce, the fruit distributor spun out of Fyffes, has reported a first-half pre-tax profit that was up 11.5 per
The Danish manufacturer of material handling equipment, Logitrans A/S, now introduces a Reel Rotator! The perfect choice when transporting, lifting
Advertisements
