Louis Dreyfus Company has announced the launch of LDC Innovations, a corporate venture capital programme aimed at consolidating the company’s position as a key-value chain participant.
As part of the programme, the company plans to invest in technologies and innovations that will help meet the global demand for healthy and nutritious products, which are also responsibly sourced and produced.
A 'Positive Step'
Chief executive, Ian McIntosh, described it as a “positive step” in the company’s strategic growth plans and added, “Over the coming months, we will invest in early-stage companies with the potential to transform the food and agriculture industries.
“Most importantly, we will support businesses that share our vision for a safe and sustainable future through transparent supply chains, responsible sourcing, and long-term value creation.”
The company has appointed Max Clegg as the head of LDC Innovations, which will be part of its Innovations and Downstream team.
The Innovations and Downstream team will be led by Thomas Couteaudier, who is also the head of LDC’s South and Southeast Asia Region.
Commenting on Clegg’s appointment, Couteaudier said, “Max [Clegg] brings significant experience to the programme, and will play a key role in building long term, productive relationships with companies in the LDC Innovations portfolio.”
© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.