Shivam Mishra

1 week ago | buff.ly | Shivam Mishra

Spain-based fruit and vegetable supplier SanLucar is expanding its French operations by taking an “important stake” in Buonanno. Financial terms of the transaction were not disclosed.  The Valencia-based group said in a statement that France is a key market for fruit and veg, ranking third in Europe by volume behind Italy and Germany and first in value, with a market worth €25bn ($28.9bn).

1 week ago | just-food.com | Shivam Mishra

New Zealand kiwifruit grower Zespri is forecasting another record crop year but has selectively narrowed the price guidance for the 2025/26 season. Although the so-called orchard gate return (OGR) “indicative” forecast from the group signals a “positive start” to the season, the firm has adjusted its price per tray ranges from the preliminary outlook released in March. For the Zespri Green kiwifruit variety, the range is now NZ$8.25 ($5.01) to NZ$9.25, compared to the March outlook of NZ$8-9.50.

1 week ago | buff.ly | Shivam Mishra

Beeup, the snack brand founded by soccer star David Beckham, has launched at Target stores across the US.  In a statement yesterday (16 June), Beeup said the brand came was “looking to disrupt the US snack market”. Beeup was established in partnership with Shaun Neff, an entrepreneur who has launched brands such as the Sun Bum, BÉIS and Moon Oral Care. Mike Keown, who has 40 years’ experience in consumer packaged goods, has been appointed CEO of the new company.

1 week ago | just-food.com | Shivam Mishra

Manuka honey producer Comvita has warned it could book a “material” impairment charge for the 2025 financial year concluding at the end of this month.  In a trading update issued today (16 June), the New Zealand-based business said it is “assessing the level of a non-cash impairment of assets and provision against inventories, which are expected to be material”.

1 week ago | internationalaccountingbulletin.com | Shivam Mishra

Auditing giant KPMG has been penalised £1.25m ($1.69m) by the Financial Reporting Council (FRC) for significant breaches of audit independence rules. This fine relates to KPMG's 2021 audit of Carr's Group, a supplier of farm and machinery products. The FRC has released a Final Settlement Decision Notice against KPMG and its audit engagement partner, Nick Plumb. This notice pointed out a breach of compliance in the financial statements associated with Carr's Group during the auditing process.