Kellogg settled its 2016 class action court case and agreed to pay approximately $20 Million for the same. Reportedly, the company was charged for erroneously advertising that a few of its cereals are nutritious and healthy, but added sugar was present in these products. In order to settle this case, the firm confirmed…
Category: Business
Mooala Collects $8.3 Million In Series Funding Round, Aims For Expansion
Reportedly, dairy-free beverages manufacturer Mooala has finalized an $8.3 Million Series A funding round as the company intends to speed up the product development. The round was carried by Sweat Equities with input from many investment companies and family offices, counting series seed lead financier M3 Ventures. Both M3 Ventures and Sweat Equities…
McCain To Invest $60.6 Million In Expansion Plan In Canada
Allegedly, McCain Foods (Canada) plans to invest $60.6 Million (CAD 80 million) in a potato specialty manufacturing line at its unit in New Brunswick, Canada. This expansion will facilitate the company to fulfill the rising customer demands and reinforce its potato processing existence across North America and Canada. The new production facility will…