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The move from General Mills and Sodiaal to expand Yoplait into China is a significant step for the yoghurt brand. The potential of the Chine...
State-backed Chinese food giant Bright Food Co. continued to make progress with its "go global, bring in" ambition when it acquired a majority stake in Italian olive oil manufacturer Salov Group last week. The move is typical of Bright's international strategy as the group continues to further its agenda to grow globally and bring overseas brands to Chinese consumers. Katy Askew reports.
Toward the end of last week Kellogg, Weetabix and Associated British Foods were all named as potential suitors looking to buy UK cereal brand Dorset Cereals from Wellness Foods. Hannah Abdulla looks at where Dorset Cereals could next end up.
Investment is flowing into and from the world's emerging markets, as two transactions involving US firms Smithfield Foods and McCormick & Co. highlighted last week.
Hershey, long criticised for the slow speed with which it entered faster-growing confectionery markets, has seen sales jump in China in recent years on the back of its homegrown chocolate brands. However, chocolate is not China's largest confectionery sector and competition is fierce. Hershey has wisely launched a candy brand targeted at Chinese consumers. Candy is crowded, too, but as, Dean Best writes, the move demonstrates the company knows products tailored to local needs could help it gain ground faster.
A subsidiary of China's Shanghai-listed Bright Food Group, Shanghai Maling Aquarius, has been cleared by the New Zealand government to take a 50% stake in local meat co-operative Silver Fern Farms in a NZD261m (US$191m) deal.
Weetabix, the UK-based breakfast business, has said it plans to roll out traffic-light nutrition labels onto all the cereals sold in its domestic market over the next year, following its decision to start using the lights on two lines this month.
The decision by New Zealand meat co-operative Silver Fern Farms to sell half its business to Chinese peer Shanghai Maling has again been approved in a shareholder vote after a group of members opposing the deal called for a second ballot.
Bright Dairy & Food Co., the Chinese dairy group, saw its profits fall by more than a quarter amid a decline in sales.
Weetabix has made another move to target interest in protein in the UK with the launch of a version of its flagship product that is enriched with the ingredient.
China's Bright Dairy & Food Co. has reported a slump in earnings in the first nine months of the year as higher sales were offset by factors including an increase in sales expenses and a jump in financial costs.
Bright Food & Dairy Co. has confirmed plans to invest CNY43.3bn in the development of an “ecological” dairy farm project.
Bright Dairy & Food Co., the Chinese group, has reported a 4% drop in half-year earnings amid "intense" competition in the sector.
A deal for Green Giant could be nearing with claims US group B&G Foods is in advanced talks to buy the business from General Mills. Elsewhere, eight companies have expressed interest in Australia's Brownes Dairy, while one sale that was announced this week was the acquisition of European snack bar maker VSI by US co-packer Hearthside Food Solutions. And one story that caught your attention was upstart US egg-free mayo maker Just Mayo coming under fire from the country's food watchdog.
Australian dairy group Lion and Chinese giants Bright Food and Fosun are reported to be among eight parties that have expressed interest in buying Brownes Dairy, the Australian dairy business.
Bright Food Group, the Chinese owner of food brands from Weetabix to Filippo Berio, has made a move to buy Spanish wholesaler Miquel Alimentació.
Australian baked good firm, The Cake Syndicate, has said it is seeking an investor to fund capital expansion and growth into Asia.
Bright Dairy & Food Co. plans to raise CNY9bn (US$1.45bn) to buy a controlling stake in Israel's Tnuva from its parent company Bright Food Group Co.
Baring Private Equity Asia has struck a deal to buy 40% of UK-based cereal group Weetabix.
China's Bright Dairy and Food Co. has reported a jump in sales and profit for the first quarter of the year.
Weetabix could be set for a new private-equity investor, with claims Baring Private Equity Asia is to buy 40% of the UK-based cereal group.
Bright Dairy & Food Co., a listed subsidiary of Chinese food group Bright Food Co., saw profits jump almost 40% in 2014.
China's Bright Food Group has reportedly upped the stake it plans to buy in Israeli grocer Tnuva to 70%.
Chinese food giant Bright Food Group is reportedly planning to list its Australian unit, Manassen Foods, this year.
This week, Turkey's Yildiz Holding struck a deal - said to be over GBP2bn - to buy United Biscuits and the Turkish group's CEO took to Twitter to hail the agreement. Meanwhile, German dairy giant Muller agreed to buy Dairy Crest's liquid dairy business in the second big deal of the week. Elsewhere, quarterly numbers continued to come in, with Mondelez International lifting its forecast for annual earnings.
China's Bright Food Co. is reportedly targeting listings of UK breakfast cereal business Weetabix and Australian food group Manassen Foods in the next two years.
Bright Dairy & Food Co., a listed subsidiary of Chinese food group Bright Food Co., reported higher sales and earnings for the first nine months of the year.
Nestle came under investor scrutiny last week after its sales missed analyst expectations - with China a central factor. Elsewhere, we looked at the international strategy of one of China's largest food makers - Bright Food - in the wake of its acquisition of Italian olive oil firm Salov. And we spoke to the president of US investment firm BBX Capital after six acquisitions in the US confectionery sector in a year.
Chinese food giant Bright Food is reportedly preparing to take full control of UK cereal business Weetabix.
The UK government wants the country's food exports to reach the levels of France and Germany, officials said today (21 January) as a new office set up to drive business overseas was formally unveiled.
Speculation Bright Food is planning to float its Australian asset, the distributor Manassen Foods, has resurfaced, with a report the Chinese giant has hired banking advisers to line up a listing next year.
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