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Valeo's confectionery portfolio includes iconic British brand, Barratt. Pic: Valeo Food Group

Acquisition

Valeo Foods and Confectionery acquired by Bain Capital

By Anthony Myers

Bain Capital Private Equity, a leading global private investment firm, announced it has signed a definitive agreement with CapVest to acquire European ambient foods company Valeo Foods.

1-800-Flowers.com CEO Chris McCann. Pic: 1-800-Flowers.com

Financial results

1-800-Flowers.com reaps rewards of e-commerce boom

By Anthony Myers

One of North America’s leading e-commerce providers of products has reported results for its Fiscal 2021 Third Quarter ended March 28, 2021, with record total net revenues of $474.2m, driven by ecommerce growth of 83.2%.

Mars Wrigley's Responsible Cocoa programme supports the LID. Pic: Mars Wrigley

Cocoa

Mars Wrigley to meet industry cocoa officials to discuss LID payments

By Anthony Myers

Barry Parkin, the company's Chief Procurement and Sustainability Officer, is set to meet with members of the cocoa industry and the governments of Ghana and Cote d'Ivoire this week to discuss the Living Income Differential (LID) and to underscore...

'Much of the challenge of reducing deforestation in 2021 comes down to accountability'. Pic: Satelligence

Guest article

The road to 0% deforestation for confectionery FMCGs

By Alan Kroeger

Over the past three decades, the rate of deforestation around the world has noticeably declined. This comes against an ever-increasing societal pressure from consumers and governments for more sustainable food products, which applies to everything from...

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