Permira closes Medora, Ideal Snacks buy

    By Luisa Beltran Permira said Wednesday it had closed its previously announced buy of Medora Snacks LLC and Ideal Snacks Holding Corp. Permira has combined Medora and Ideal under a holding company called BFY Holdings. PRESS RELEASE NEW YORK–(BUSINESS...

Hershey cutting jobs as China chocolate sales falter

Disappointing performance in China prompts executive changes, job cuts.   By Nathan Bomey The Hershey Co. (HSY) is cutting 300 jobs and planning other cost cuts amid a sales slowdown in China. The Pennsylvania candy giant said Friday morning that it expects to...

Top food trends for 2015: the full list

By Nicholas Robinson Insect proteins and fruit-sweetened confectionery are two emerging trends food manufacturers should monitor, according to a list of top 10 food trends for 2015, revealed at the Health Ingredients Europe (HiE) event. Alternative proteins, such as...