Colombia: Jeronimo Martins to invest €500 million
Jeronimo Martins, the Portuguese supermarket group, has announced the investment of €500 million ($560 million) in Colombia, where it expects to open 1,000 stores by 2020. According to a report in Economico, Jeronimo Martins chairman Pedro Soares dos Santos, speaking at a gathering of journalists, said as a “source of innovation”, Colombia was crucial to […]
Brazil: Arcor launches butter toffees with greek yoghurt filling
Arcor, the Argentina-based confectionery company, has announced the expansion of its butter toffees candy range with the release of Arcor Grego (‘Greek’), a new line based on greek yoghurt. Claimed to combine the unique flavour of butter toffees with the creaminess of greek yoghurt, Arcor Grego has been launched in the flavours Greek Yoghurt and […]
Brazil: Heineken to invest R$1 billion in production facilities
Dutch brewer Heineken has announced plans to invest R$1 billion ($275 million) in Brazil through the expansion of two plants and the opening of a wholly new one by the end of 2017. According to a report in Supermercado Moderno, the company plans to expand its plants in Ponta Grossa (Parana) and Jacarei (Sao Paulo), […]
Brazil: 3Coracoes to acquire Cia Iguacu
The Brazilian coffee company 3Coracoes is set to acquire its smaller rival Cia Iguacu, which is part of the Japanese group Marubeni, according to a report in New Trade. 3Coracoes said the acqusition, which is subject to approval from competition authorities, would reinforce its market leading position in coffee products in Brazil, in particular strengthening […]
Brazil: Johnson & Johnson acquires Hipoglos brand from Procter & Gamble
In the latest of a series of divestments, leading FMCG multinational Procter & Gamble has announced the sale of its Hipoglos brand in Brazil to health & beauty firm Johnson & Johnson for an undisclosed sum. Hipoglos nappy cream has been present for over 70 years in Brazil and sells in a tube format of […]
Mexico: Procter & Gamble to sell Escudo soap brand
US-based multinational Procter & Gamble (P&G) has announced plans to sell soap brand Escudo to rival Kimberley-Clark for an “undisclosed amount”. Launched more than 50 years ago, Escudo is the leading local antibacterial soap brand in Mexico. The brand’s product line includes bar soap, hand soap, odour-protection soap and more recent introductions such as a […]
Brazil: Nestle to invest $100 million to increase production
Swiss FMCG giant Nestle is to invest about R$400 million ($101 million) to expand production capacity in Brazil over the course of 2016, Supermercado Moderno reports. According to the news agency, the plan is to increase capacity by introducing new production lines, allowing some items that were previously imported to be manufacturer locally. Among the […]
Brazil: Santa Cruz ceases operations at Porto Alegre plant
Santa Cruz, a subsidiary of UK-based cigarette manufacturer British American Tobacco, has announced the closure of production facilities at its Cachoeirinha location in Porto Alegre, Brazil. According to Correio do Povo, the move will see the factory itself closed down, although the research and development facility at the site will remain in operation. In a […]
Brazil: Integralmedica launches protein-enhanced hazelnut spread
Integralmedica, a supplement product company, is launching a new hazelnut-based spread in Brazil that is claimed to contain enhanced levels of protein. Part of the company’s Body Size product line, the new launch – branded Nutwhey – is claimed to be an innovative combination of hazelnut, cocoa and whey protein. Amongst its benefits, the product […]
Brazil: Ambev opens plant in Uberlandia
Alcoholic and soft drinks producer Ambev has opened a new production facility in Uberlandia, Brazil. according to a report in Supermercado Moderno. The plant is Ambev’s 27th in Brazil and was constructed at a cost of R$770 million ($179 million). According to Supermercado Moderno, the new plant will employ 480 staff and has a production […]