Groupe Lactalis has launched a 3.4nm ( 3bn) takeover bid for Italian rival Parmalat. The French dairy giant already owns a 29% stake in the company. Trading in Parmalat shares was suspended following the news.
An Italian TV presenter has called on consumers to boycott Italy's most famous tomato variety over claims that prices are being artificially inflated by the mafia.
Arden Fine Foods has added a premium Italian range to its biscuit and bakery line up. The Arden Amici range comprises four products: Soft Amaretti; an Almond and Chocolate Chunk Biscotti; and two Cantuccini variants, chocolate Chunk and Almond (rsp: 2.19).
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