US infant-formula in spotlight

Italy pasta M&A / Seafood sale

Forward this email  |  View in browser JustFood In Brief March 18, 2024 SPOTLIGHT READ Reckitt legal case, not FTC scrutiny, is bigger concern for US formula makers The $60m in damages that have landed at Reckitt's door will concern executives. Got a minute to spare? Take part in our research by answering our poll: Answer our poll question LATEST NEWS Italian fund invests in pasta maker Pasta Berruto Fondo Italiano d'Investimento has acquired a 60% stake in the Turin-based pasta producer from Webcor Investments.   Trident Seafoods sells Alaska plant to E.C. Phillips & Son Trident Seafoods indicated last week it was in the "final stages" of talks with buyers for three plants.   Reckitt plans to challenge $60m damages in infant-formula baby death case The UK-based company's Mead Johnson unit has been ordered to pay $60m to the mother of the baby.   Scottish baking group Murdoch Allan acquires local peer The move will see the bread and pastry roll maker expand out of Aberdeenshire for the first time.   Tyson Foods pork site closure, Danone pulls plant milk duo, HelloFresh targets at risk – Just Food's week in data Each week, we bring you a snapshot of the news through data.   FTC urges regulators to boost competition in US infant formula market The national market has been dominated by "relatively few manufacturers", the group said.   Valeo Foods Group eyes closure of UK confectionery plant The site in Liverpool manufactures products such as caramels, mallows, gums and jellies.   Raisio appoints Orkla's Pasi Flinkman as new CEO Flinkman takes over from Pekka Kuusniemi, who will leave Raisio in June. Read more news IN-DEPTH READ Soups Market Overview GlobalData's latest report offers actionable insights, through our elaborate soup profiling and company market share details, that will help you gain a competitive advantage and get yourself familiarized with offerings by leading brands. Furthermore, our analysts have reviewed the distribution channels and the packaging materials based on volume sales of soups, to identify better avenues for market reach and soup exposure. Per our latest estimates, the soup market size was estimated at $22.3 billion in 2022 and is likely to grow at a CAGR of >4% from 2022 to 2027. Buy report MORE FOR YOU Explore our marketing solutions   Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.    Request a demo Just Food Digital Magazine   Issue 55 | March 2024   In this issue: Indulgence in spotlight / The role of the CSO / Hill's Pet talks tech – and more Read the magazine Click below to view more from across the network: Verdict Foodservice   |   Just Drinks   |   Packaging Gateway   Was this email forwarded to you? Sign up here.   Please send any news or comments to: foodeditor@aroq.com   GlobalData   At GlobalData we have a proven track record in helping thousands of companies, government organizations, and industry professionals benefit from faster, more informed decisions. You can update your communication preferences to make sure you receive the right information for you.    GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom London  Unsubscribe  |   Manage Preferences