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Food industry
The equity markets were wrong about China
Goldman Sachs strategists argued that the 46 percent rise in Chinese stocks in just a few weeks after Covid restrictions were removed was only the start.
They argued that "China appears well-positioned in terms of growth, policy, and…
Japan’s food manufacturers aim to cultivate fake fish as a taste.
The Foodex 2023 Trade Show captured Japan's attention at a time when it was vulnerable. Its exuberantly large scale, its sumptuous offerings, and its fervently enthusiastic post pandemic exhibitors were all part of the show.
Three plates…
Y0! Zensho buys Sushi Owner for $621m
The Yo! The Yo!
Zensho Holdings, a Tokyo-based company, is buying Snowfox Group from Mayfair Equity Partners – the private equity firm which invested in Yo! In a move that smacks of coals to Newcastle, the Tokyo-based Zensho Holdings is…
Meatless Farm, a vegan food company, has laid off almost its entire staff
A plant-based food manufacturer made the majority its staff redundant due to a decline in demand of vegan products.
Meatless Farm (which makes vegan sausages and mince as well as burgers) hired restructuring experts Kroll in the hope…
Pizza Express tries to reclaim the high street while rival chains fall apart
A large sign is posted on the doorway to Pizza Express's East London pizzeria, located at Mare Street: "Your marble tables awaits".
Pizza Express has returned.
The new and renovated restaurants of the chain promise to deliver on…
Investors left with a sour taste after losing money on meat substitutes
Walter Robb, the former co-chief executive of Whole Foods in February 2021 described the gradual shift by consumers from meat-based products to plant-based ones as a "megatrend similar to digitisation", potentially "the largest single trend…