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Report says Unilever, Tesco, Nestle ranked top on meat alternatives
London | Reuters – Unilever, Tesco and Nestlé are among the best prepared to capitalise on the trend for plant-based meat substitutes, according to a report from an investor group managing $5 trillion in assets. The report by the Farm Animal Investment Risk and Return (FAIRR) coalition showed 25 major retailers and manufacturers were developing […] Read more

Constellation hedges bets on pot boom with Canopy stake
Reuters — Constellation Brands has bought a nearly 10 per cent stake in Canadian cannabis producer Canopy Growth Corp. for about $245 million, making it the first major wine, beer and spirits producer to invest in legal cannabis. The move by the maker of Corona beer and Svedka vodka comes as Canada and a growing […] Read more

Chipotle shuts for staff food safety meeting
Reuters — U.S. burrito chain Chipotle Mexican Grill shut its stores for four hours on Monday to hold a nationwide staff meeting, where CEO Steve Ells apologized for E. coli and norovirus outbreaks and laid out the company’s recently developed food safety program. Chipotle also said it would spend about $10 million to help local […] Read more
Kellogg to cut seven per cent of workforce by 2017
Kellogg Co., the world’s largest maker of breakfast cereals, said it would cut about seven per cent of its workforce by 2017 and also trim production capacity, after reporting another quarterly decline in sales in its cereals business. Shares of the maker of Corn Flakes, Keebler cookies, Froot Loops cereals and Eggo waffles rose as […] Read more
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