ORLANDO: Kalera AS, one of the preeminent leafy green vertical farming companies and a leader in plant science for producing high-quality produce in controlled environments, and Agrico Acquisition Corp., a special purpose acquisition company (SPAC), today jointly announced that they have entered into a definitive merger agreement. As a result, Kalera will transition from its…
Month: January 2022
Cranswick plc acquires Grove Pet Foods Limited
LONDON: Cranswick plc, a leading UK food producer, announces today that it has acquired the entire issued share capital of Grove Pet Foods Limited. Grove Pet Foods is a producer of dry dog food for several leading brands under private label relationships alongside its own brands including Vitalin (natural) and Alpha Feeds (working dog). The…
Walmart to invest in indoor vertical farming company, Plenty Unlimited
SAN FRANCISCO: Walmart has signed an agreement to invest in Plenty Unlimited Inc., an indoor vertical farming company, as part of their $400 million Series E funding round subject to a regulatory approval. Walmart’s equity investment is part of a broader strategic partnership to utilize Plenty’s indoor vertical farming technology platform to deliver fresh produce…
Vital Farms appoints Stephanie Coon as SVP of People and Strategy
AUSTIN: Vital Farms, a Certified B Corporation that offers a range of ethically produced foods nationwide, has appointed Stephanie Coon as Senior Vice President of People and Strategy. Coon will lead Vital Farms’ People function in addition to her current team which includes Strategy, Project Management, and New Ventures. “As we think about our long-term…
Abu Dhabi’s Zee Stores rebranding to Ghitha Holding
ABU DHABI: Zee Stores will rebrand to Ghitha Holding and expand to become a key player in the UAE food industry. The company will add a number of related businesses to its existing portfolio, through future acquisitions and subsidiaries’ formation, which will enhance its core capabilities in wholesale importing and trading fresh and canned foods;…
Redefine Meat raises $135mn to scale up plant-based steak production
TEL AVIV: Israel based Redefine Meat has raised $135 million to scale up the company’s 3-D printed plant-based steak production and distribution. This brings the company’s total amount raised to $180 million. Redefine Meat intends to establish a production line in Israel and a production plant in the Netherlands with the new financing round. The…
Susanna Tevä appointed CFO of Apetit Plc
HELSINKI: Susanna Tevä M.Sc. (Economics and Business Administration) has been appointed CFO of Apetit Plc. She is responsible for the Group’s financing and finance, legal and IT. Tevä will start in her position on 1 August 2022 at the latest. She reports to CEO Esa Mäki and is a member of the corporate management team….
CMA launches probe into music streaming market
LONDON: The CMA will ask whether the music streaming market is working well for music lovers, as part of a study launched today. Streaming has changed the way we listen to music. In the UK, more than 80% of recorded music is now listened to via a streaming service rather than using traditional physical media…
UAE’s Multiply Group invests in Rihanna’s Savage X Fenty
ABU DHABI: UAE’s Multiply Group PJSC, has invested AED 92 million ($25 million) in Rihanna’s Savage X Fenty. Multiply Group is Abu Dhabi-based tech-focused holding company with global presence across five industries, including automotive, utilities, capital, wellness and communications. The investment is made through its wholly owned subsidiary, MG Wellness Holding LLC. Savage X Fenty…
Centuria Capital acquires $202 million Daily Needs Retail asset
SYDNEY: Centuria Capital Group has secured an off-market, $202 million Daily Needs Retail (DNR) asset on behalf of an existing international sovereign wealth fund’s institutional mandate, which will also see Centuria coinvesting alongside the investor. The acquisition is part of Sekisui House’s $1.1billion masterplanned mixed-use development, West Village, in Brisbane, Queensland and encompasses c.16,560sqm of…