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Business & Finance

Global Cost of Living: Milk and Bread
Analysis
Global Cost of Living: Milk and Bread

As we pass the mid-point of 2026, the global grocery sector is operating within a state of “fragile stabilisation.” While the headline-grabbing hyper-inflation of previous years has cooled to a manageable 3-4% across major economies, the underlying economics of the supermarket shelf tell a far more complex story.

Global Cost of Living: Milk and Bread
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Facilities

The Magnum Ice Cream Company Opens Global Capability Centre in Pune

The Magnum Ice Cream Company has opened a 67,000-square-foot Global Capability Centre in Pune, India, to drive digital transformation, AI, and global operations.

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People

Kraft Heinz Appoints Lucy Hovey as CFO for UK and Ireland Operations

Kraft Heinz has appointed former Unilever executive Lucy Hovey as Chief Financial Officer for its UK and Ireland business, succeeding Darren Vries after an eight-year tenure.

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Ingredients

Lallemand Launches Solyve as Dedicated Food and Beverage Enzyme Unit

Lallemand has launched Solyve as a dedicated food and beverage enzyme business, uniting scientific, production, and customer support operations under specialised leadership.

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Foodservice

TGI Fridays Expands into Balkans with Devolli Group Franchise Agreement

TGI Fridays has entered into a landmark development agreement with Devolli Group to open 10 restaurants across Kosovo, Albania, and North Macedonia, securing sub-franchising rights.

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Foodservice

Pizza Hut Australia Unveils $10M Brand Overhaul and Network Expansion

Flynn Group is investing $10 million in a complete brand reset across Pizza Hut Australia, revamping 250 stores and targeting 100 new openings over five years.

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Retail

Tesco Expands Frozen Aisle with 150 New Products

Tesco is expanding its frozen food offering with more than 150 new products, introducing extended Finest lines, fakeaway meals, and exclusive brand partnerships from 11 September.

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Retail

Asda Completes £7.5M Digital Shelf Label Rollout across Express Stores

Asda has completed a £7.5 million rollout of 1.2 million electronic shelf edge labels across all 517 Express convenience stores to automate pricing and improve operational efficiency.

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Business & Finance

Kellogg's Closes 88-Year-Old Manchester Cereal Plant with 360 Job Losses

Kellanova has ceased production at its historic Trafford Park cereal facility after 88 years, resulting in 360 job losses as manufacturing shifts to Wrexham.

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