Fonterra flags job cuts under cost-savings plan
New Zealand-based dairy cooperative Fonterra is to cut NZ$1bn ($596m) in costs including laying off an unknown number of employees.
Source: just-food.com
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Fonterra backs animal-free dairy protein start-up Vivici
Fonterra has invested in the seed funding round of Vivici, a start-up developing animal-free dairy proteins through precision fermentation.
Source: just-food.com
Fonterra launches nutrition science venture arm
Fonterra has today announced the launch of a new corporate ventures arm to invest in the area of nutrition science.
Source: just-food.com
Fonterra slashes valuations of domestic consumer business
Fonterra has blamed economic conditions for its decision to wipe NZD92m (US$56.8m) off the valuation of its domestic consumer business.
Source: just-food.com
New Zealand dairy cooperative Fonterra backtracks Australia business sell
Dairy cooperative Fonterra has backtracked on its plans to sell its Australian business, saying business in the country is “going well”.
Source: just-food.com