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Nordsee postpones its IPO

On June 28, Europe's largest fish restaurant operator Nordsee AG postponed its already-delayed initial public offering, due to rapidly deteriorating conditions in the new issues...

ConAgra earnings fell in 4th quarter

ConAgra Foods Inc., the large US food and agri-business group, reported on June 28 that fiscal fourth-quarter earnings fell 38 per cent, meeting the high...

Dairy Farm undecided to sell yet

Hong Kong-based Dairy Farm International Holdings announced on June 28 that it would await the possible shakeout from a High Court of New Zealand ruling...

Tyson and IBP agree on $2.7bn acquisition

On June 27, the American poultry giant Tyson Foods Inc. claimed it agreed to acquire beef and pork producer IBP Inc. and form the largest...

Azucarera Ebro investigated regarding sugar quotas

Spanish anti-corruption prosecutors have asked the High Court to investigate sugar company Azucarera Ebro Agricola for suspected violation of European Union sugar quotas. Last...

Dean Foods warns about 4th quarter earnings

Dean Foods Co., the second-largest American dairy group, announced on June 27 that its fiscal fourth-quarter earnings fell 30.5 per cent as lower sales and...

General Mills announces 4th quarter results

General Mills Inc., the largest American cereal maker, announced on June 27 that it expects double-digit growth in fiscal 2002 earnings per share, consistent with...

New e-business for Givaudan

Leading flavour and fragrance company, Givaudan announced at IFT's Annual Meeting in New Orleans, that it is launching an online business initiative called GivaudanAccess. This...

Unilever selling edible oil refineries

On June 27, Unilever, the Anglo-Dutch consumer products group announced that its Unilever Bestfoods Europe unit intends to sell two edible oil refineries in the...

Consumers more aware of GM products

Americans are more aware of genetically modified food than they were six months ago, but confidence in the ability of government regulators to manage these...

Kroger meets earnings expectations

On June 26, Kroger, one of the largest grocery retailers, reaffirmed its outlook for 16 to 18 per cent earnings growth this year, despite the...

Focus to benefit from profitable niche markets

According to Promar International, a food research and consulting firm, major food and beverage players should balance the battle for market share with more focused...

Eridania Beghin-Say demerger approved

The General Assembly of the Eridania Béghin-Say Group, held on June 25, 2001, under the chairmanship of Stefano Meloni, voted almost unanimously in favour of...

Kerry's bid on Golden Vale approved

The Irish food group Kerry announced on June 25 that it had received backing from the board of Golden Vale for a Euro252m agreed offer...

Kemin's FloraGLO received GRAS approval

On the third day of the Institute of Food Technologists 2001 Annual Meeting in New Orleans the IFT reported that attendance figures were up from...

Euro speculation helps Unilever prices

On June 25, the Anglo-Dutch consumer products giant Unilever recognised that the imminent introduction of the euro single currency had helped accelerate price increases on...

The Netherlands free of foot-and-mouth disease

According to the Dutch Agriculture Ministry, the Netherlands is now free of food-and-mouth and all remaining restrictions will be ended at midnight on June 25,...

Tesco strengthens its online business

On June 25, Tesco Plc, UK's largest grocery group, announced it would pay $22m for a stake in American grocery group Safeway Inc.'s online outlet...

IFT Meeting 2001: industry news

The Institute of Food Technologists opened the doors to its 2001 Annual Meeting in New Orleans on June 24. With approximately 20,000 visitors and over...

Foodland on track for expansion

On June 25, the Australian grocery group Foodland Associated Ltd. announced it would pay US$81m for 36 Franklins supermarkets and two warehouses outside its home...

Indofood's aggressive expansion strategy

The Indonesian instant noodle and flour maker PT Indofood Sukses Makmur, claimed it plans to build food factories abroad, following the company's strategy for expansion,...

Sara Lee guilty and fined over contaminated meat

On June 22, the American consumer products group Sara Lee pleaded guilty in federal court for selling hot dogs and meats in 1998 that were...

ConAgra reports 4th quarter results

On June 22, ConAgra Foods, the American food and agribusiness group, reported its fourth-quarter earnings would be sharply below expectations because of the softening economy...

Haitai Confectionery will be sold to consortium

The main creditor of South Korea's Haitai Confectionery said on June 22 that it had agreed to sell the insolvent firm to a UBS Capital-led...

European tuna firm investing $60m in Salvador

On June 21, Grupo Calvo, the Spanish tuna processing company, said it plans to invest some $60m to build a processing plant and install two...

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