Russia’s ongoing invasion of Ukraine is taking a toll on major CPG companies, including PepisCo and Mondelez, both of which reported a hit to annual profits yesterday due to restricted production and sales in the countries and surrounding area as well...
Nearly 60 people have been hospitalised in Tomsk Oblast, Russia, after consuming bear meat infected with trichinellosis, also known as fleshworm disease, the country’s state sanitary body Rospotrebnadzor has announced in a statement on its website on...
Sales of free-from and organic foods have rocketed in Europe as more and more shoppers spend time looking at labels in order to identify “guilt free” purchases, according to new data from Euromonitor International.
Brexit-borne economic uncertainty could dampen supermarket’s ability to offer cheaper groceries, though worried shoppers could maintain sales figures at hard discounting retailers like Lidl and Aldi, analysts suggest.
Nestlé could net up to €300m from the sale of Davigel, as the world’s biggest food company continues to refocus its business activities in to higher value areas, an industry analyst has said.
Findus Group’s UK arm has become a more attractive acquisition target after the global business confirmed it had experienced its second consecutive year of positive growth, although it has denied sell-off rumours.
More than £20.2bn was exchanged in food and drink business mergers and acquisitions (M&As) in 2014, according to figures from Catalyst Corporate Finance (CCF).
ABP Food Group has announced it is exiting the frozen burger market with the sale of the Irish processing plant which produced a burger containing 29.1% horsemeat.
Unilever refused to comment on City speculation that its food businesses may be up for sale as it announced better-than-expected half-year results yesterday.
Analysts at investment bank Liberum Capital said they expect Unilever to sell its food arm, excluding the ice cream and beverage category, for an estimated figure of €14bn.
Danisco is forming a new logistics unit to underlie its three food ingredients divisions covering emulsions, cultures and sweeteners, in a bid to bring greater efficiency in its dealings with customers.
Newly merged FrieslandCampina has denied reports that the sale of its cheese business in Bleskensgraaf will be handed over to the European Commission in order to meet the disposal deadline.
Raisio is to sell its margarine portfolio to Bunge, a move that will allow it to focus on its grain business and give it a powerful new partner for its Benecol plant stanols brand.
Spanish food group Ebro Puleva has proposed to sell or spin-off its
sugar business at a time when stability has returned to the
European sugar industry.
The Asia Pacific market for nutraceutical products by far exceeds
that of North America and Europe, according to data pooled from
different market research firms.
Givaudan has reported strong sales for the first quarter ending
March 31 with results significantly boosted by the continuing
integration of Quest International.
New Jersey-based International Flavors and Fragrances has reported
a strong increase in its third quarter sales driven by its flavors
division, but profits are hit by administration charges.
Spice firm McCormick has reported good sales increases for its
second quarter, although profits dipped in the period as the firm
continues its restructuring.
Spice firm McCormick has reported first quarter sales rises
throughout its business operations, and predicts a continued strong
performance in 2007 as its restructuring actions begin to bring in
results.
Following a month of negotiations, Sara Lee has agreed the sale of
its European meats business to Smithfield for $575m (€457.6m), as
both firms reposition themselves in the marketplace.
Japan-based Ajinomoto General Foods is reported to have started the
in-house manufacturing of mannooligosaccharides to meet rising
demand for the product.
Yesterday American-owned Sara Lee reported a massive 77 per cent
drop in third quarter operating profit from $189m last year to $42m
in 2006, impacted by a vast portfolio cull.
US food and consumer goods producer Sara Lee announced Friday it
has entered discussions with Smithfield to sell its European meats
arm, following a drop in the division's anticipated selling price.
Leading spice company McCormick is to slice away at its customers,
products and employees as it embarks on a three year restructuring
plan to improve sales and profit margins.
British confectionery manufacturer and retailer Thorntons suffered
along with most of the UK's retail sector over the Christmas
period, but its first half results were buoyed by an otherwise
solid performance from products sold...
Retail sales in the UK during July increased by 1.8 per cent on a
like-for-like basis, and showed growth of 4.3 per cent on a total
basis, compared with a year earlier according to a new report from
analyst KPMG and the British Retail...
Every supermarket owner is constantly seeking ways of driving
growth across every product category, be it through innovation,
promotion or refurbishment. But a recent survey suggests that their
best efforts are being let down at the...
Belgian retailer Delhaize today confirmed that it has reached a
binding agreement to sell its 49 per cent shareholding in the
Singapore food retailer, Shop N Save, to Singapore retailer Cold
Storage Singapore for SGD 44.1 million...
Ahold is to sell off its Spanish retail operations as part of a
long-awaited recovery plan announced today. The programme will also
include a €2.5bn rights issue which will help pay down debt, and
significant efficiency savings designed...
Metro, the German wholesale and retail group, has scrapped plans to
sell its extensive property portfolio after lengthy negotiations
with the prospective buyer ended in failure. The decision came as
the group announced solid sales...
Belgian retailer Delhaize is considering the sale of its stake in
Singapore's Stop N Save chain after receiving an offer from an
unnamed bidder. Could this be Delhaize's solution to the problem of
reducing its massive debt...
Moves by Dutch grocery retailer Laurus to lift itself back into the
black appear to be working, with a leap back into profit in the
first half. But the streamlined group still has a long way to go.
Dutch-based health and food ingredients company Acatris Group is
set to expand its sales network for health ingredients in the UK.
In a statement this week, the company claimed that the UK is among
the top three countries in Europe...
Newly-formed Acatris is planning a major assault on the UK market
and has predicted that Britain will be among the top three growth
markets for its health ingredients.
A sustained marketing effort which helped add more than 60,000
customers over the last year is beginning to pay off for Toupargel,
the French frozen food retailer. And the fresh food arm is finally
beginning to make headway as well.
Spanish olive oil processor Koipe is facing censure over alleged
price fixing after the country's competition authorities agreed
this week to investigate a claim made by the OCU consumer group.
The first stores to be sold under the restructuring plan of Spanish
food retailer El Arbol have been acquired by Extremadura-based
Lider Aliment. The company has bought seven wholly-owned stores and
a network of 70 Spar franchises...
Colruyt is to buy part of the loss-making Belgian operations of
Dutch retailer Laurus for an undisclosed sum, including the Spar
franchise business. Laurus is still negotiating the sale of its
other Belgian units.
Portuguese retail group Jeronimo Martins has sold its Eurocash cash
& carry business in Poland to an MBO, allowing it to
concentrate on its Biedronka business there.
Belgian retail group Colruyt has increased its profit forecast for
the 2002/03 financial year after a first half which saw both sales
and profits rise substantially.
