FoodBev Media | News and analysis for the food and beverage industry

Tesco UK CEO steps down amid leadership team changes

Tesco UK chief executive Matthew Barnes, who joined the supermarket in March last year after serving as Aldi’s UK and Ireland CEO, has stepped down after 15 months in the role.

Appointments

Kraft Heinz announces ‘ongoing evaluation’ of strategic transactions

The Kraft Heinz Company has announced that its board of directors and executive leadership team are evaluating potential strategic transactions to unlock shareholder value.

Mergers & Acquisitions

Diageo announces $500m cost savings programme

Diageo has revealed plans to implement a $500m cost savings programme over three years, to enable reinvestment in future growth and ‘improved operating leverage’.

Beverage

Chobani acquires plant-based frozen smoothies and meals start-up Daily Harvest

Dairy giant Chobani has announced its acquisition of Daily Harvest, a plant-based start-up that delivers a range of frozen ready meals, smoothies, snacks and protein products.

Mergers & Acquisitions

Business news

New solutions

Latest podcast

Montezuma’s adds Neapolitan ice cream-inspired chocolates to truffles range

Sunsweet launches PlumGood juice made from California-grown plums

Keebler unveils limited-edition Superman Fudge Stripes

JBS USA to invest $135m in new sausage plant in Iowa

Interview: Faravelli showcases innovations at Vitafoods 2025

Anheuser-Busch and 1st Phorm launch new energy drink line, Phorm Energy

Latest news

Nestlé to invest BRL 500m in Brazil’s Nescafé site

Nestlé has announced a BRL 500 million (approx. $88.3 million) investment in Brazil through 2028 to expand its coffee production, grow its fleet of Nestlé Professional machines and accelerate innovation in response to changing consumer habits.

Also in the news