Finance

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Microbiome innovation wins multi-million euro investment

By Nikki Hancocks

The French government's financing initiative has approved Seventure’s Health for Life Capital fund meaning investors will devote over €5 billion to innovative companies in the field of the microbiome before the end of 2022.

Upcoming seminar to focus on financing a CPG company

Upcoming seminar to focus on financing a CPG company

Investment experts and industry-leading entrepreneurs will provide insights and tips on how to improve the odds of successfully obtaining financing during the upcoming “Financing Your Consumer Products Company” seminar.

Mead Johnson Nutrition: A Danone target?

Is Danone feeling the need for Mead?

By Shane STARLING

 Danone shares rose today as rumours strengthened the French dairy giant would sell its medical and paediatric nutrition business (Nutricia), but is the firm streamlining its activities around its core foods businesses or just shifting infant-medical...

Michael Nuzzo to leave GNC for CPG executive position

Michael Nuzzo to leave GNC for CPG executive position

By Stephen DANIELLS

Michael Nuzzo, executive VP and CFO of GNC Holdings, Inc., has tendered his resignation in order to accept an executive position at a private equity funded consumer products company.

Neptune to outsource production as part of recovery plan

Neptune to outsource production as part of recovery plan

By Hank Schultz

Neptune Technologies and Bioressources has announced a plan to recover from an explosion and fire at its processing plant in Sherbrooke, Quebec that put a halt to production of  the company’s krill oil products.

Fluxome bankruptcy threat caused by “gross mismanagement”

Fluxome cash crisis caused by “gross mismanagement”

By Shane STARLING

Management at embattled resveratrol supplier Fluxome has come in for severe criticism as the company hovers on the verge of financial collapse unless a fresh investor can be found in the coming weeks.

Neptune to double krill oil production capacity by next fall

Neptune to double krill oil production capacity by next fall

By Elaine Watson

Canadian krill oil firm Neptune Technologies & Bioressources has begun the first phase of an expansion project at its facility in Sherbrooke, Québec that will see production double to 300,000kg of Neptune Krill Oil (NKO) per year.

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