A state of the art logistics warehouse with flying drones patrolling shelves and robotic arms handling boxes of Nescafé and Kit Kats is to be built in the Midlands in a £55m investment, it was announced on Monday.
The companies behind the Leicestershire facility, XPO Logistics and Nestlé, say it will be one of the most advanced distribution centres in the world, with technology to enable the fast and efficient dispatch of products to supermarkets and other customers.
> Read the full article on the Financial Times website
By Michael Pooler
Source: Financial Times
Paine Schwartz Partners has closed on a Paine Schwartz Food Chain Fund VI, L.P. at $1.7 billion. The fund is aimed at investing in the food and agribusiness value chain. The company has invested about 40% of Fund VI in AgroFresh Solutions, Costa Group, Elemental Enzymes, HGS BioScience and Monterey Mushrooms.
After 26 years in Geneva, Switzerland, the decision to move has been made after visitor and exhibitor feedback, as well as growth plans for the Vitafoods brand. Vitafoods Europe 2025 will be held on 20-22 May 2025 at Fira Barcelona, with more details to be announced next year.
The traditional symbol of family reunion and cultural pastry of Asia is undergoing a reinvention. With the majority of young consumers in Asia expressing an increasing interest in healthier options, a growing market for mooncakes tailored to dietary preferences and restrictions is opening up across the globe.
