Under-scrutiny infant formula manufacturer Bellamy's Australia replaced its chief executive Laura McBain today (11 January), while forecasting a steep decline in annual profits.
Infant formula maker Bellamy's Australia has declined to comment on reports that its chairman, Rob Woolley, could quit if moves by the company's largest single shareholder for a boardroom shake-up succeed.
The largest single shareholder of Bellamy's Australia, the Black Prince Private Foundation, has said it wants to replace four of the company's non-executive directors with its own candidates, after trading in the infant formula maker's shares were voluntarily suspended following problems with exports to China.
Infant formula producers A2 Milk Co. and Bega Cheese have sought to play down market concerns after infant formula peer Bellamy's Australia requested the trading halt on its shares be extended until it determines the impact talks with "key supplier/manufacturers" will have on its financial results.
Infant formula maker Bellamy's Australia has requested the trading halt on its shares to be extended until it determines the impact talks with "key supplier/manufacturers" will have on its financial results.
Bellamy's Australia has had its request for its shares to be suspended as the infant formula and baby food group prepares an announcement on how it is trading.
Infant formula maker Bellamy's Australia has requested the Australian Securities and Exchange commission halt trading of its shares pending the release of "an announcement".
Shares in infant formula supplier Bellamy's Australia slid on Friday after the company admitted recent regulatory changes in China were affecting its sales.
Bellamy's Australia, the infant formula producer, has booked a leap in annual sales and earnings on growth in China, as well as domestic expansion.
Bellamy's Australia, the baby food supplier, expects its sales growth to accelerate in the second half of its financial year after reporting an 83% jump in revenue in the six months to the end of December.
This week, McCormick & Co. announced the appointment of Lawrence Kurzius to the position of CEO. Post Holdings was reportedly eyeing the packaged food arm of Bob Evans Farms. Elsewhere, the CEO and chairman of The Greenery quit amid clashes with the supervisory board. And we published the second part of our interview with Ritter chairman Andreas Ronken. Here is the week in quotes
Fonterra and Australian baby food maker Bellamy's Australia have announced an agreement to produce a range of baby nutritional powders.
Infant and baby foods business Bellamy's Australia has seen revenue and earnings more than double in the first half of its financial year.
Talking with our readers, a common problem among them is their battle to keep tabs on the changes to regulations in China. And the recent moves Beijing has made to revamp its rules around e-commerce have brought that concern into sharp relief.
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