Vishnu Priyan

Bahrain-based AlAbraaj Restaurants Group is set for an IPO of 38 million shares on the Bahrain Bourse stock exchange.

The union said the report underscores the ongoing challenges faced by Europe's wine industry, “particularly in terms of adverse climatic conditions.”

The Dutch dairy cooperative plans to close a section of one site and shut down another.

The 600,000 square-foot site in Texas is set to open in early 2026.

Bel is to work with fellow French food group Avril on developing plant-based cheese that “match the taste, texture and natural appeal consumers demand”.

Lifeway said the revised offer “is not in the best interests of the company and its shareholders or other stakeholders”.

Lifeway Foods has rejected Danone's latest takeover offer, arguing the bid "substantially undervalues" the US kefir company.

The closure of the production front of the facility, scheduled for 2 January 2025, will affect 40 employees.

The facility in Europe will be located in Hungary, CJ CheilJedang said. South Korean food giant CJ CheilJedang will invest Won800bn ($571.4m) in new production facilities in Europe and the US.

The delay is intended to accommodate the “evolving supply chain needs of the business”.