Bill Ackman, investor and hedge fund manager of Pershing Square Capital, has reportedly unveiled a new stake in Starbucks worth $900 million. As per trusted sources, the hedge fund currently has 15.2 million shares worth $900 million at current prices. As soon as the announcement …

Coca-Cola’s fruit-flavored drink brand Fanta has reportedly launched two new flavors – blood orange and pink grapefruit in time for Halloween. The company had held a poll to determine which new taste would Britons enjoy the most and received votes from 150,000 people during a …

Food processing giant Nestle’s Malaysian division will reportedly invest RM100 million in what is said to be the world’s largest Milo factory in Chembong, Negri Sembilan. As per trusted sources, Nestle will be using proceeds from the sale of its chilled dairy and manufacturing business …

Popular Mexican fast-food giant Taco Bell has reportedly launched its first restaurant in Connecticut that serves alcohol on the menu. The new restaurant Taco Bell Cantina is now opened on Chapel Street in New Haven. As per trusted sources, the new alcohol-serving restaurant is part …

Europe’s retail major Carrefour SA has reportedly adopted blockchain ledger technology to track and trace its produce, particularly chicken and eggs. As per reliable sources, the retailer plans to implement the blockchain technology across all its product lines in the coming years. To successfully implement …

The U.S. Food and Drug Administration (FDA) has reportedly changed its food additive regulations to revoke the use of seven artificial food flavorings. Reliable sources state that the decision came after food safety professionals and environmentalists presented data that showed six of the synthetic flavoring …

Biotechnology company Calyxt, Inc. has reportedly announced that it has inked a deal with KemX Global to refine high oleic soybean oil. As per trusted sources, the objective of the agreement is to improve the quality of high-oleic soybean oil, an enhancement that will enable …

A North Carolina based ham company has reportedly recalled over 89,000 pounds of ham due to possible pathogenic bacteria contamination concerns, as stated by United States Department of Agriculture’s Food Safety & Inspection Service. According to sources familiar with the development, the recall comprises 89,096 …

Nestle USA has reportedly formed a partnership with three new startups as part of the TERRA Food & Agriculture Accelerator started by RocketSpace and Rabobank. As per trusted sources, the program that pairs innovators from major corporations with emerging startups announced the participants of its …