Swiss food group Nestlé is divesting its cold meat brand Herta: 60 % is sold to Spanish Casa Tarradellas, the rest will be placed in a joint venture Nestlé has founded with the with the Spanish company.
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German retail giant Metro has sold a majority interest in its Chinese operations to local retailer Wumart. The sale fits in with the group’s strategy to focus more on professional customers.
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Marks & Spencer and online retailer Ocado are launching a joint venture: M&S will now have a food delivery service as it buys Ocado's Waitrose customers for 750 million pounds (about a billion euros).
FrieslandCampina acquired all of Chinese Friesland Huishan Dairy’s shares, a joint venture it co-created in 2015 with China Huishan Dairy. It will now become a subsidiary of the Dutch dairy company.
After two years, Belgian clothing chain JBC has halted its collaboration with Chinese partner Deesha, because Bart and Ann Claes’ company will service the Chinese market itself.
French liquor company Rémy Cointreau and Dutch Lucas Bols have founded a joint venture for liquor brand Passoã. The Dutch company will lead the joint venture, which targets an 18 million euro annual turnover.