{{Short description|Italian multinational food processing conglomerate corporation}} {{Infobox company | name = NewPrinces S.p.A. | former_names = Newlat Food S.p.A. | logo = NewPrinces.svg | image = | type = Public | traded_as = {{ISE|IT0005385213|NWL}} | industry = Food processing | founded = {{start date and age|2004}}, in Reggio Emilia, Italy | founders = | num_locations = | area_served = Worldwide | key_people = {{Unbulleted list |Stefano Cometto (Co-CEO) |Angelo Mastrolia (Co-CEO) }}<ref name="borsaitaliana"></ref> | products = {{Unbulleted list |canned vegetables |canned fish |edible oils |juices |soft drinks |milk and dairy products: fresh milk and UHT milk, cream, yogurt, mascarpone, ricotta, spreadable cheese, plant-based milk |pasta |tinned tomatoes |instant noodles |bakery products: rusks, croutons, crackers |dietetic food }}<ref name="borsaitaliana"></ref> | production = | services = | revenue ={{increase}} €1,641.1 million (2024)<ref name=results>{{cite web|url=https://www.newprinces.it/media-library/docs/de7d8220-868a-4a99-8fe3-12988f097a6b/2024-Newlat-Food-Annual-Report-EN.pdf|title=Annual Report 2024|publisher=Newlat Food|access-date=16 August 2025}}</ref> | operating_income = {{increase}} €197.7 million (2024)<ref name=results/> | net_income = {{increase}} €160.2 million (2024)<ref name=results/> | assets = | equity = | owner = | num_employees =8,800 (2025)<ref>{{cite news|url=https://www.newfoodmagazine.com/news/241879/newlat-food-acquisition-princes-limited/|title= Newlat Food S.p.A completes acquisition of Princes Limited|date=1 August 2024|newspaper=New Food|access-date=16 August 2025}}</ref> | parent = | divisions = | subsidiaries = Princes Group<br>Centrale del Latte d'Italia (67.74%) | hq_location_country = Italy | hq_location_city = Reggio Emilia | website = https://www.newprinces.it/en }}
'''NewPrinces S.p.A.''' is an Italian multinational food processing conglomerate corporation headquartered in Reggio Emilia, Italy.<ref name="borsaitaliana">{{cite news |title=Newprinces |url=https://www.borsaitaliana.it/borsa/azioni/profilo-societa-dettaglio.html?isin=IT0005385213&lang=en |access-date=24 July 2025 |agency=borsaitaliana.it |publisher=borsaitaliana.it |date=24 July 2025}}</ref> NewPrinces S.p.A. operates as a subsidiary of Newlat Group S.A.<ref name="borsaitaliana"></ref>
In 2025, NewPrinces S.p.A. is listed on the Euronext STAR Milan index of Borsa Italiana.<ref name="borsaitaliana"></ref> As of July 28, 2025, NewPrinces has a market capitalization of €898,093,931 million.<ref>{{cite web |title=Newprinces |url=https://www.teleborsa.it/azioni/newprinces-nwl-it0005385213-SVQwMDA1Mzg1MjEz |website=teleborsa.it |publisher=teleborsa.it |access-date=28 July 2025}}</ref>
==History== The Newlat S.p.A was founded in 2004 within the Parmalat group.<ref>{{cite web |title=La storia di Newlat Food |url=http://www.newlat.it/azienda |website=newlat.it |publisher=newlat.it |access-date=24 July 2025 |archive-date=9 May 2016 |archive-url=https://web.archive.org/web/20160509132155/http://www.newlat.it/azienda |url-status=dead }}</ref>
In 2008, the Italian Antitrust Authority forced Parmalat to sell it for the symbolic price of one euro plus debts. On April 18, 2008, Parmalat completed the sale of 100% of Newlat S.p.A. to TMT Finance SA, founded by Angelo Mastrolia.<ref name="Parmalat">{{cite web |title=Parmalat S.p.A. finalizza la cessione del 100% di Newlat SpA a TMT Finance SA |url=https://www.parmalat.com/attach/content/1836/2008_05_28%20ITA.pdf |website=parmalat.com |publisher=parmalat.com |access-date=24 July 2025}}</ref>
In 2020, Newlat Food S.p.A. acquired the majority stake of the shares of Centrale del Latte d'Italia S.p.A.<ref>{{cite news |title=Newlat Group S.A. Newlat Nood S.p.A. and Fin. Centrale Latte di Torino S.p.A: binding agreement for the purchase of the majority stake in Centrale del Latte d’Italia |url=https://centralelatteitalia.com/2020/03/31/newlat-group-s-a-newlat-nood-s-p-a-and-fin-centrale-latte-di-torino-s-p-a-binding-agreement-for-the-purchase-of-the-majority-stake-in-centrale-del-latte-ditalia/ |access-date=24 July 2025 |agency=centralelatteitalia.com |publisher=centralelatteitalia.com |date=31 March 2020}}</ref>
Newlat Food S.p.A. acquired Princes Group in July 2024.<ref>{{cite web |title=30th July 2024 – International food and drink group Princes Limited (‘Princes’) today announces that its acquisition by Italian based Newlat Food S.p.A (‘Newlat’) is complete. |url=https://www.princesgroup.com/blog/newlat-food-s-p-a-completes-acquisition-of-princes-limited/ |website=princesgroup.com |publisher=princesgroup.com |access-date=24 July 2025}}</ref>
On April 28, 2025, the shareholders' meeting of Newlat Food S.p.A. approved the name change to NewPrinces S.p.A.<ref name="Q1-2025 Earnings Presentation">{{cite web |title=Newlat Food S.p.A Q1-2025 Earnings Presentation |url=https://www.newprinces.it/media-library/docs/805a94d6-f814-4ae7-b443-2b72f7a51207/Newlat-Food_Q1-2025-Earnings-Presentation.pdf |website=newprinces.it |publisher=newprinces.it |access-date=24 July 2025}}</ref>
As of May 8, 2025, NewPrinces S.p.A holds a majority stake of 67.74% of the shares of Centrale del Latte d'Italia S.p.A.<ref>{{cite web |title=Centrale Del Latte D'Italia |url=https://www.borsaitaliana.it/borsa/azioni/profilo-societa-dettaglio.html?isin=IT0003023980&lang=en |website=borsaitaliana.it |publisher=borsaitaliana.it |access-date=24 July 2025}}</ref>
On July 10, 2025, NewPrinces S.p.A. purchased the Plasmon biscuit brand from the American company Kraft Heinz for 120 million euros.<ref>{{cite news |title=Torna in Italia la Plasmon: il celebre marchio di biscotti acquistato per 120 milioni di euro |url=https://www.rainews.it/articoli/2025/07/torna-in-italia-la-plasmon-il-celebre-marchio-di-biscotti-acquistato-per-120-milioni-di-euro-bf2b8b3e-c647-441d-b3e8-2a1dcf2ac54a.html |access-date=24 July 2025 |agency=rainews.it/ |publisher=rainews.it/ |date=10 July 2025}}</ref>
On July 24, 2025, NewPrinces S.p.A. signed a binding agreement worth €1 billion to acquire the operations of Carrefour Italy.<ref>{{cite web|url=https://www.euractiv.com/section/agriculture-food/news/is-big-food-going-on-a-diet/|title=Is ‘Big Food’ going on a diet?|date=2025-08-04}}</ref> Under the terms of the agreement, the NewPrinces group will acquire all Carrefour-branded businesses and stores still operating in Italy, committing to their development. The agreement also stipulates that the Carrefour brand will remain present for at least the next three years, after which it will be replaced by the historic Italian brand GS, which had made way for the Carrefour brand.<ref>{{cite news |title=New Princes compra i supermercati Carrefour Italia |url=https://www.ilsole24ore.com/art/new-princes-compra-supermercati-carrefour-italia-AHrZ1ssB |access-date=24 July 2025 |agency=ilsole24ore.com |publisher=ilsole24ore.com |date=24 July 2025}}</ref><ref>{{cite news |title=NewPrinces acquista Carrefour Italia per circa un miliardo di euro |url=https://www.rainews.it/articoli/2025/07/economia-finanza-settori-imprese-distribuzione-newprinces-acquista-carrefour-italia-79a2e163-9b23-4014-98a6-38883e796867.html |access-date=24 July 2025 |agency=rainews.it |publisher=rainews.it |date=24 July 2025}}</ref> In 2025, combined revenues of approximately €7 billion are expected.<ref>{{cite news |title=New Princes rileva i supermercati Carrefour Italia: operazione da 1 miliardo di euro |url=https://www.milanofinanza.it/news/new-princes-rielva-i-supermercati-carrefour-italia-operazione-da-1-miliardo-202507241757311627 |access-date=24 July 2025 |agency=milanofinanza.it |publisher=milanofinanza.it |date=24 July 2025}}</ref>
The Italian government, through Minister for Business and Made in Italy, Adolfo Urso, also welcomed the combination, which guarantees the return of an Italian player in food distribution and the strengthening of the food production sector, while guaranteeing full employment for Italian workers, who were seriously at risk with Carrefour Italy's divestment plan.<ref>{{cite news |title=Carrefour, Urso: operazione NewPrinces su Italia rafforza il Made in Italy |url=https://www.ilsole24ore.com/art/carrefour-urso-operazione-newprinces-italia-rafforza-made-italy-AHVi19sB |access-date=25 July 2025 |agency=ilsole24ore.com |publisher=ilsole24ore.com |date=24 July 2025}}</ref><ref>{{cite news |title=Carrefour Italia, il Mimit convoca i sindacati il 30 luglio per approfondimento su nuovo piano industriale |url=https://www.teleborsa.it/News/2025/07/25/carrefour-italia-il-mimit-convoca-i-sindacati-il-30-luglio-per-approfondimento-su-nuovo-piano-industriale-195.html |access-date=25 July 2025 |agency=teleborsa.it |publisher=teleborsa.it |date=25 July 2025}}</ref>
In August 2025, it was reported that the company was seeking a primary listing on the London Stock Exchange at a valuation of around £700 million.<ref>{{Cite web |date=2025-08-09 |title=Food giant closes in on £700m London listing |url=https://www.thetimes.com/business-money/companies/article/food-giant-trawls-city-for-interest-ahead-of-700m-london-listing-hr5j5n7qj |access-date=2025-08-12 |website=www.thetimes.com |language=en}}</ref> NewPrinces stated that Carrefour Italy's operations will be placed in a subsidiary, and that NewPrinces will continue its plans for a potential listing of its production unit on the London Stock Exchange.<ref>{{cite news |date=25 July 2025 |title=NewPrinces non esclude altro M&A dopo Carrefour. Avanti con collocamento a Londra |url=https://www.borsaitaliana.it/borsa/notizie/teleborsa/finanza/newprinces-non-esclude-altro-ma-dopo-carrefour-avanti-con-collocamento-a-londra-95_2025-07-25_TLB.html?lang=en |access-date=25 July 2025 |publisher=borsaitaliana.it |agency=Teleborsa}}</ref>
On 3 October 2025, NewPrinces confirmed the launch of the listing process for its subsidiary Princes Group by way of an initial public offering on the London Stock Exchange.<ref>{{cite news |title=NewPrinces, controllata avvia quotazione alla Borsa di Londra. Mastrolia: non venderemo azioni |url=https://www.borsaitaliana.it/borsa/notizie/teleborsa/finanza/newprinces-controllata-avvia-quotazione-alla-borsa-di-londra-mastrolia-non-venderemo-azioni-11_2025-10-03_TLB.html |access-date=22 October 2025 |agency=borsaitaliana.it |publisher=borsaitaliana.it |date=3 October 2025}}</ref><ref>{{cite news |title=NewPrinces: valuta quotazione a Londra della controllata Princes Group |url=https://www.borsaitaliana.it/borsa/notizie/radiocor/finanza/dettaglio/newprinces-valuta-quotazione-a-londra-della-controllata-princes-group-nRC_03102025_0821_141170947.html |access-date=22 October 2025 |agency=borsaitaliana.it |publisher=borsaitaliana.it |date=3 October 2025}}</ref><ref>{{cite news |title=NewPrinces: valuta quotazione a Londra della controllata Princes Group -2- |url=https://www.borsaitaliana.it/borsa/notizie/radiocor/finanza/dettaglio/newprinces-valuta-quotazione-a-londra-della-controllata-princes-group-2-nRC_03102025_0826_144109532.html |access-date=22 October 2025 |agency=borsaitaliana.it |publisher=borsaitaliana.it |date=3 October 2025}}</ref><ref>{{cite news |title=NewPrinces, controllata Princes Group conferma IPO a Londra: avvio negoziazioni entro fine mese |url=https://www.borsaitaliana.it/borsa/notizie/teleborsa/finanza/newprinces-controllata-princes-group-conferma-ipo-a-londra-avvio-negoziazioni-entro-fine-mese-15_2025-10-10_TLB.html |access-date=22 October 2025 |agency=borsaitaliana.it |publisher=borsaitaliana.it |date=10 October 2025}}</ref>
On 22 October 2025, full details of the Princes Group IPO were published. The directors hoped to achieve a market capitalisation of £1.24 billion. However, the shares were priced at a level which some analysts considered would undervalue Princes Group: this led to a fall in the share price of NewPrinces of more than 20%.<ref>{{cite news |title=NewPrinces: prezzo Ipo Princes Group fissato tra 475 e 590 pence |url=https://www.borsaitaliana.it/borsa/notizie/radiocor/finanza/dettaglio/newprinces-prezzo-ipo-princes-group-fissato-tra-475-e-590-pence-nRC_22102025_0819_169966998.html |access-date=22 October 2025 |agency=borsaitaliana.it |publisher=borsaitaliana.it |date=22 October 2025}}</ref><ref>{{cite news |title=Princes Group punta a market cap di 1,24 miliardi di sterline al debutto a Londra |url=https://www.borsaitaliana.it/borsa/notizie/teleborsa/finanza/princes-group-punta-a-market-cap-di-124-miliardi-di-sterline-al-debutto-a-londra-31_2025-10-22_TLB.html |access-date=22 October 2025 |agency=borsaitaliana.it |publisher=borsaitaliana.it |date=22 October 2025}}</ref><ref>{{cite news |title=Borsa: -16,7% NewPrinces, prezzo Ipo controllata Pinces Group tra 475 e 590 pence |url=https://www.borsaitaliana.it/borsa/notizie/radiocor/commenti/dettaglio/borsa-167-newprinces-prezzo-ipo-controllata-pinces-group-tra-475-e-590-pence-nRC_22102025_1059_296171361.html |access-date=22 October 2025 |agency=borsaitaliana.it |publisher=borsaitaliana.it |date=22 October 2025}}</ref><ref>{{cite news |title=NewPrinces crolla in Borsa su valutazione sotto le attese per IPO Princes Group |url=https://www.borsaitaliana.it/borsa/notizie/teleborsa/finanza/newprinces-crolla-in-borsa-su-valutazione-sotto-le-attese-per-ipo-princes-group-119_2025-10-22_TLB.html |access-date=22 October 2025 |agency=borsaitaliana.it |publisher=borsaitaliana.it |date=22 October 2025}}</ref>
== Main shareholders == The main shareholders of NewPrinces S.p.A. on 23 May 2025 are:<ref name="borsaitaliana"></ref> {| class="wikitable" |- ! Name !! % |- | Newlat Group SA || 41.14 % |- | Other shareholders || 34.51 % |- | Mitsubishi Corporation || 14.38 % |- | Helikon Investments || 9.53 % |- | Own shares || 0.44 % |}
==References== {{Reflist}}
==External links== * [https://www.newprinces.it/en Official website]
Category:Companies based in Reggio Emilia Category:Italian food- and drink-related organisations