Campbell Soup announced its latest venture of $125 million venture capital fund, to be independently managed by the startup Acre Ventures GP, LLC. The company is evidently sticking by its claim to boost the food industry by supporting the new startups and trends.
Campbell Soup
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Investors of large consumer food companies want them to take bolder action than just merely cutting costs as their smaller competitors take on risks and increase market share, Reuters reported.
Campbell Soup Co announced that the sales of some of its European businesses to CVC Capital Partners is on the final stages.
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