Cognis has refused to confirm reports in the German press that it
is in advanced discussions with three potential purchasers, but the
outcome of a strategic review will be made public before the end of
Management at Spar, the Germany-based, French-owned retail group,
has reacted angrily to reports in the press last week that it was
considering selling off its discount chain Netto - and not
surprisingly, since the business is by...
Jim Miller, the head of Ahold's US Foodservice arm, has finally
stood down from the post he has held since 1997 after coming under
increasing pressure to carry the can for the accounting scandal
which has rocked the unit in recent...
Ahold, the Dutch retailer at the centre of a massive accounting
scandal, has appointed an interim CFO to try and stabilise the
business. But claims that it knew of the US accounting
irregularities as early as 2001, and that other...
Analysts in the UK are only interested in highlighting things that
will lead to speculation about a possible takeover, rather than
looking at the company's true financial performance, according to
Safeway's chief executive...
Shares of Nestlé, the world's biggest food company, rebounded
sharply yesterday as the company indicated it was not prepared to
pay more than $12bn (€12.2bn) for Hershey, the market leader in US
chocolate confectionery, the Financial...
UK company the Big Food Group, the recently renamed Iceland, on
Wednesday ruled out a rights issue but warned that the costs of a
£375m (E607.9m) spending plan would weigh on profits in future
years, the Financial Times reports.
Lion Nathan formally withdrew its two-tier offer for the shares of
winemaker Montana, leaving the field clear for its rival Allied
Domecq to buy more stock in the bitterly contested battle for
control of the wine company.