Consolidation continues for the food ingredients slice of the
industry chain as US ingredients behemoth Cargill enters the pectin
market for the first time, announcing the acquisition today of
insolvent citrus product supplier Citrico,reports...
Citigroup, the world's largest financial services group, hits back
at the €14 billion debt-ridden Italian dairy group Parmalat,
igniting a legal challenge against the administrators on Friday.
There is a defining issue for dairy giant Parmalat that has
virtually nothing to do with fraud. If it lives to trade another
day, it will be because it hung on to its suppliers.
An emergency decree passed late last month by the Italian
government in a bid to save dairy giant Parmalat from collapse
looks set to win support from the European Commission on the back
of guarantees that there will be no state bail-out...
Dutch supermarkets group Koninklijke Ahold NV said on Monday it
will launch a tender offer for the remaining outstanding 42 per
cent of its Internet grocery unit Peapod Inc.
Indian company B M Thapar group is to liquidate its starch business
Bharat Starch, Indian paper the Economic Times reports. This
follows the company's...