ConAgra Foods announced that it will sell off its loss-making private label business yesterday (30 June) in a move that, the company said, w...
The investment in ConAgra's shares by hedge fund Jana Partners has prompted speculation that the group will sell one of its divisions, in or...
| 22 Jun 2015
ConAgra Foods came under even more pressure to start delivering returns to shareholders last week when activist investor Jana Partners revealed it has taken a stake in the US food company. Shareholders have long grumbled about the seeming incompatibility between ConAgra's branded and private-label business, with shares in the under-performing US food maker at all time highs on the expectation that disposals must soon come. Are there more options open to ConAgra management than simply carving up the business? Katy Askew investigates.
| 17 Jun 2015
A group of major consumer goods companies and investors have publicly called on the Roundtable on Responsible Palm Oil (RSPO) to strengthen its standards following mounting criticism of the multi-stakeholder platform. This has left the RSPO pondering whether it can afford to continue to move at a pace that keeps less ambitious companies engaged or whether it should allow more progressive members to set the agenda, Ben Cooper reports.
| 27 Mar 2015
ConAgra Foods' third-quarter numbers were of the 'not as bad as feared' variety. That said, they were still not very good. A host of challenges lie ahead for CEO-elect Sean Connolly and he will need to find answers to big picture questions – particularly surrounding the group's private label unit – in the weeks and months to come. Katy Askew reports.
| 18 Mar 2015
Up-and-coming categories and companies are increasingly setting the pace in the US food sector. Demand for natural, healthy, fresh and sustainable products is on the rise. This has left legacy brands facing slumping sales. But, as yesterday's Kraft Foods Group recall shows, there is still considerable interest in the old brands, Katy Askew suggests.
| 17 Jan 2014
Quorn Foods, the UK-based meat-free group, is enjoying a period of robust sales growth in the UK - but the business, owned by Exponent Private Equity, has international ambitions. In part two of the latest just-food interview, CEO Kevin Brennan discusses the company's overseas performance and prospects.
| 28 Nov 2012
ConAgra Foods will become the largest own-label firm in the US with an acquisition of Ralcorp Holdings but there are concerns over whether it can manage brands and private label. There are also questions over the potential private label has for further growth in the US. Doug Knudsen, president of sales at ConAgra, tells Dean Best why the company is upbeat about the deal, its ability to grow brands and own label and the private label sector.
| 30 Jun 2015
ConAgra Foods today (30 June) revealed it will sell its private-label business as the US group confirmed the unit's performance weighed on full-year sales and earnings.
| 26 Jun 2015
This week has been bumper for food sector M&A. Ferrero announced that it is gobbling up UK chocolate maker Thorntons. JBS is taking control of Moy Park from heavily indebted Brazilian meat group Marfrig. Grupo Bimbo also announced it has purchased parts of Spanish baker Panrico. Meanwhile, in the world of retail, Delhaize and Ahold revealed plans to combine. Here is just-food's top news and insight coverage from this week.
| 19 Jun 2015
ConAgra Foods said that it is “looking forward” to engaging with Jana Partners after the activist investment vehicle disclosed a 7.2% stake in the food group.
| 19 Jun 2015
China continues to be an issue for Hershey, which today (19 June) cut its forecast for 2015 sales for the second time this year thanks to challenges in the market. Meanwhile, around 300 jobs are to go at the US confectionery giant as it tries to react quicker to changing market trends. Nestle, which has had its own issues in China, this week also indicated growth in parts of Africa had not been as rapid as it had hoped.
| 26 May 2015
This week, Arla Foods struck a notable deal in Egypt, with plans for a local venture with Juhayna Food Industries. Elsewhere, Unilever announced CFO Jean-Marc Huet would step down from his post and Thorntons said CEO Jonathan Hart had decided to leave the business. Premier Foods announced its annual results and CEO GavinDarby said the UK group would continue to focus on revamping its range.
| 21 May 2015
ConAgra Foods has announced a US$50m expansion at its Waterloo plant in Iowa.
| 20 May 2015
ConAgra Foods is to shut a biscuit factory in the US state of Wisconsin amid falling demand.
| 20 May 2015
ConAgra Foods has agreed to pay US$11.2m to settle a case linked to a salmonella outbreak in 2007.
| 13 May 2015
ConAgra Foods has acquired US natural and organic frozen meal maker Blake's All Natural Foods for an undisclosed sum.
| 17 Apr 2015
Heinz has relaunched its mustard in the US in a bid to grab a slice of a category in which it is not among the top eight brands.
| 27 Mar 2015
One story dominated the headlines this week - the plans by Heinz and Kraft Foods Group to join forces and create the world's fifth-largest food and drinks group. Elsewhere, French co-ops Agrial and Eurial said their plans to combine their dairy businesses had been put on hold. There was also sad news from the French food sector with news of a fatal explosion at desserts firm Senagral.
| 26 Mar 2015
ConAgra Foods today (26 March) recorded another impairment charge on its private-label business, which continues to see sales under pressure.
| 25 Mar 2015
US-based food giants Heinz and Kraft Foods Group are set to join forces, creating the number three food and drinks company in North America - and the fifth-largest worldwide. Here is a flavour of how the market reacted.
| 13 Feb 2015
ConAgra Foods has cut its forecast for annual underlying earnings, blaming continued weak profits from its private-label business and the impact of the labour dispute at ports on the US West Coast.
| 13 Feb 2015
Former Hillshire Brands chief executive Sean Connolly has been appointed the new CEO at ConAgra Foods.
| 13 Feb 2015
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.
| 30 Jan 2015
ConAgra Foods has confirmed that it will stop manufacturing RyKrisp crackers due to "low demand" for the product.
| 22 Dec 2014
Days before Christmas came one of the more notable deals of recent months with Thai seafood giant Thai Union Frozen swooping for US group Bumble Bee Foods. In the US, ConAgra Foods wrote down the value of its own-label arm and Kraft Foods Group announced a new CEO. Elsewhere, Australian retailer Coles admitted payments it demanded from suppliers broke competition law and we interviewed the CEO of Groupe Doux, the French poultry group getting itself back on a firmer footing a year after emerging from administration.
| 22 Dec 2014
US food giant Kraft Foods Group this week announced its chairman would also take on the role of CEO - and he promptly said the company would reassess its business to "stay ahead" of the "rapid change" within the industry.
| 18 Dec 2014
ConAgra Foods has reported a fall in second-quarter profits on the back of a writedown on its private-label business, with the US food group warning it will take longer than expected to see the unit's profits improve.
| 4 Dec 2014
ConAgra Foods and its European joint venture partner Meijer are pumping US$150m into their potato producing plant in the Netherlands.
| 15 Oct 2014
ConAgra Foods is launching its ACT II popcorn product and its Hunt's line of condiments in Brazil under an agreement with Cargill.
| 21 Oct 2014
As the importance of health has grow in consumers' minds, frozen food has been left out in the cold. But two major manufacturers in the US are looking to heat up the sector by claiming frozen food means healthy.
| 27 Aug 2014
ConAgra Foods has responded to investor criticism of its palm oil usage by committing to source 100% sustainable palm oil by December 2015.
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