Italian dairy food company, Granarolo, has acquired 60% of Brazilian importer and distributer of European foods, Allfood.
Based in São Paulo, Allfood has a portfolio of more than 200 products, 48% of which are Italian (25% cheeses and 75% cold cuts).
Own brands account for 33% of the company’s turnover.
Importance Of Brazil’s Market
According to the president of Granorolo Group, Gianpiero Calzolari, Brazil is a country with significant potential. The dairy sector alone is worth €23 billion.
In 2015, Granarolo purchased 60% of Brazilian cheese producer and distributor Yema.
The latest investments in Allfood and Yema, will allow Granarolo to become a leading company in both the production and import of Italian and European food products in Brazil.
Source: European Supermarket Magazine
The Coca-Cola Co. has promoted Evguenia (Jeny) Stoichkova to president of global ventures, effective Jan. 1, 2023. Ms. Stoichkova joined Coca-Cola Bulgaria in 2004 and was most recently the president of the company’s Eurasia & Middle East division, a role she has held since 2021.
US-based Perfect Day, is partnering with Onego Bio, which specializes in creating animal-free eggs, aiming to accelerate the timeline to bring the eggs to the market. The business, with the use of its technology, plans to commercialize animal-free ovalbumin, the most abundant egg white protein extracted through precision fermentation.
Food waste costs the EU €143 billion per year (US$141.7 billion), with a report by Feedback EU raising the alarm of how it’s vital to reduce waste from farm to fork 50% by 2030 and the only way this will be achieved is by enforcing a mandatory directive forcing the food industry to do better and retailers to pay a tax of food waste.
