According to Reuters, South Africa’s Competition Commission has conditionally approved PepsiCo’s $1.7 billion acquisition of food and drinks producer Pioneer Food Group, saying it is unlikely to lessen competition in relevant markets. PepsiCo struck a deal to buy South Africa’s Pioneer in July 2019.
The commission recommended that the Competition Tribunal, which makes the final decision, approve the merger subject to public interest commitments. Those include a moratorium on merger-related job cuts for a certain period and the creation of additional positions at the merged firm.
To facilitate the distribution of food during the COVID-19 pandemic, the U.S. Food and Drug Administration (FDA) has released a guidance document to provide restaurants and food manufacturers with flexibility regarding nutrition labeling of certain packaged food.
The mandated restaurant dine-in closures that took effect across most of the United States beginning the week ending March 22 took a toll on U.S. restaurant transactions, reports The NPD Group.
The USDA is taking immediate action to assist the American egg industry in redistributing the current inventory of safe, high-quality table eggs from foodservice warehouses to retail distribution to support the surge in consumer demand for this staple food.
Despite consuming fewer sugar-sweetened beverages and more whole grains, most American children and adolescents still eat poorly, according to a study published in JAMA.
“A Star is Born” is one of the Innova Market Insights top 10 trends for 2020, highlighting how the food industry continues to experiment with novel and unusual ingredients in order to move them into the mainstream.