Unilever Foods to combine with McCormick
McCormick will reorganize its commercial divisions and seek a secondary listing in London as the spice giant gives its first public look into its operating model following its planned merger with Unilever’s food business. Following the close of the deal, McCormick said it will reorganize into four commercial divisions: Americas Consumer, International Consumer, Global Food […]
FSSAI suspends license of Punjab-based Rehaan Healthcare for breach of norms at manufacturing unit
Food regulator FSSAI said it has suspended the licence of Punjab-based Rehaan Healthcare after it found serious violations of rules at the company’s health supplements and nutraceuticals manufacturing unit. Rehaan Healthcare, which manufactures digestive syrup, multi-vitamin syrup and other syrup-based food products, has been asked to stop production till it corrects all deficiencies and the […]
Mars Wrigley to cut 307 jobs as Newark site closes
Mars Wrigley will sunset its U.S. headquarters in Newark, N.J., and consolidate those corporate positions to its Chicago global snacking headquarters, according to news reports. The company filed a notice with the New Jersey Dept. of Labor & Workforce Development that it would eliminate 307 positions in Newark by mid-October. A spokesperson told one news […]
Swiss FMCG major Nestle says India remains key growth driver, expects double-digit growth
Swiss food and beverages major Nestle SA said India will continue to be a strong “growth driver” for the company, with the market expected to post double-digit growth even as a tailwind from a change in tax structure begins to taper off in the third quarter, said its Chief Executive Officer Philipp Navratil. Acknowledging India’s […]
