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
the year.
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.
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 for the rival...
On June 22, ConAgra Foods, the American food and agribusiness
group, reported its fourth-quarter earnings would be sharply below
expectations because...
Bill Johnson, chief executive of HJ Heinz, the American consumer
food group, announced on June 14 that he was not ready to abandon
its tuna business,...
On June 15, Procter & Gamble, the consumer products giant,
reported that further restructuring charges will lead to a net loss
for the next quarter,...
The Anglo-Dutch consumer goods company Unilever confirmed at its
annual general meeting on May 9 that it would close a total of 100
sites as it continues...
Roche, the Swiss pharmaceutical group, is planning on cutting
between 5,000 and 8,000 jobs, representing 8 to 12 per cent of its
employees, to reduce...
UK supermarket chain Tesco is set to confirm its position as one of
the UK's most profitable retailers when it unveils its results on
Tuesday, the Financial...
Merck KgaA, the 300-year old German pharmaceutical company, said on
Sunday it was considering listing several of its US businesses in
the medium-to-long...
Fyffes, Europe's second-biggest banana importer, announced on
Thursday that it would freeze investmentin WorldofFruit.com - a
web-based exchange for...
Three groups were understood to have submitted offers for the
Seagram spiritsbusiness on Monday, on the first trading day of the
group's new parent,Vivendi...
U.K. Express Dairies announced on Friday that it is to combine its
Northern Ireland liquid milk business with Golden Vale to form a
joint venture. Express...
Sara Lee Corporation, the U.S food producer, has withdrawn from the
bidding to acquire Bernard Matthews plc, the U.K. turkey producer,
less than two weeks...
