Amira Nature Foods
Rice supplier Amira Nature Foods is aiming to grow the global presence of its Amira brand from the group's stronghold in the Indian market. Amira believes it can capitalise on the "white space" represented by branded basmati rice - as well as diversifying into other food categories. Katy Askew spoke to Tobias Strerath, Amira business development director, to learn more.
Amira Nature Foods, the UAE-based and US-listed packaged rice supplier, said today (2 December) it had been granted approval to export its basmati rice to China.
UAE-based and US-listed packaged rice supplier Amira Nature Foods has booked a 9% fall in half-year sales as a result of reduced pricing and the impact of exchange rates on the group's rupee-denominated India business.
A court in the US has dismissed a class action lawsuit against Amira Nature Foods stemming from allegations made last year that the rice supplier over-stated its revenue and used funds for personal use.
Amira Nature Foods, the UAE-based and US-listed packaged rice supplier, has filed its results for the year to the end of March, 12 months that saw a change in auditors and the company fight allegations over its financials.
Amira Nature Foods, the UAE-based packaged rice supplier, has revealed a 17% fall in half-year sales in a set of accounts delayed by a change in auditors and allegations over the company's financials.
Amira Nature Foods has entered a signed a deal with United Arab Emirates-based distributor MAN Consumer to grow the rice maker's distribution in the country.
This week, Kraft Heinz Co. announced it was axing 2,500 jobs as it moves to "streamline" its structure. Elsewhere, Nestle reported its first-half numbers and cautiously indicated some improvement in China.
Amira Nature Foods has filed a lawsuit against Prescience Point Research Group seeking damages and injunctive relief after the financial research firm alleged the rice supplier had cooked the books and used company funds for personal use.
Chinese food group Beingmate and Yurun Food this week issued profit warnings as the economic slowdown in the country takes its toll on food makers. In the UK, Hilton Food Group was hampered by the strength of sterling but, on a more upbeat note, UK cake maker Finsbury Food Group said it will "outperform" expectations. Here are this week's results in brief.
US-listed rice supplier Amira Nature Foods, which has been accused of corruption, has reported an increase in revenue and profits for the first nine months of its financial year.
Amira Nature Foods, the US-listed rice supplier facing allegations of corruption, has issued a statement from India-based rival KRBL distancing itself from the claims and supporting the business.
It was a week of numbers on just-food, with PepsiCo, Kellogg, Flowers and Kraft all issuing a mixed bag of financial results. We were also present at Gulfood in Dubai this week, reporting on companies looking to make their mark in the Middle East. Elsewhere, Amira Nature Foods was caught up in corruption allegations and investment firm Arlon announced the acquisition of a stake in Brazilian frozen veg maker Grano Alimentos.
Campbell Soup Co., ConAgra Foods and Kellogg all indicated they are finding the going tough in the US this week with cuts to financial forecasts. Away from the results, however, it was global rice supplier Amira Nature Foods that grabbed the headlines after being accused of corruption.
US-listed rice supplier Amira Nature Foods has described claims of corruption at the business as "malafide" and "fictitious".
Amira Nature Foods stock lost more than one-quarter of its value in New York yesterday (9 February) after allegations emerged that management breached listing rules by cooking the books and using company funds for "personal use".
Amira Nature Foods has announced the launch of an organic range in the Middle East.
US-listed rice supplier Amira Nature Foods has lifted its forecasts for annual sales and adjusted EBITDA, thanks, it said, to continued international expansion.
Rice processor Amira Nature Foods has reported an increase in half-year profits on the back of higher sales.
Mondelez International made a notable investment in Asia with a deal to buy 80% of the snacks arm of Vietnamese group Kinh Do. Staying in Asia, Singapore's Olam International revealed it was in talks over "corporate development opportunities" - and we continued our run of interviews, featuring rice supplier Amira Nature Foods, Finnish dairy group Valio and Canadian dairy-free firm Daiya Foods.
An increase in volumes sold globally has lead to rice manufacturer Amira Nature Foods posting a 25% increase in profits for the first quarter of 2014/2015.
Rice manufacturer Amira Nature Foods has announced the launch of a range of products in Ratnadeep supermarkets in India.
Rice manufacturer Amira Nature Foods is pressing forward with expansion plans, announcing its launch into UK supermarket Tesco.
Shares in Amira Nature Foods jumped today (17 June) after the rice manufacturer said its annual profits had almost doubled.
- 2017: three major drivers of M&A strategy
- Comment: Premier has more to ponder than Brexit
- The food market in 2017 - consumer trends and M&A
- just-food 2017 Survey - your thoughts on growth
- Food market in 2017: need-to-know US trends
- Premier Foods issues profit warning
- Nestle mum on Mead Johnson takeover talk
- UK's Bakkavor plays down IPO "speculation"
- Mondelez sells Vegemite to Bega
- Kellogg to slash 250 jobs