The recent sale of Italian unit Trentinalatte confirms growth through acquisition is not something Emmi is always successful at. Would, Stef...
Emmi's move to sell Italian yoghurt business Trentinalatte, announced this morning (6 October), was the latest example of the challenges fac...
Emmi announced yesterday (9 April) it has acquired Swiss speciality cheese maker Käserei Studer. While the majority of Käserei Studer's sales are generated domestically, the move should nevertheless be viewed in the context of Emmi's drive to expand internationally, Katy Askew suggests.
Emmi has continued to see its share price rise after another acquisition deal to improve the Swiss dairy giant's presence in key international markets.
Swiss dairy group Emmi is investing in building its presence overseas by upping its stake in two European dairy firms - France's Diprola and Kaiku. Emmi wants to reduce its dependence on the stagnant Swiss dairy market and the deals will strengthen its position in key European markets as well as developing its footprint in fast-growing emerging markets, notably in Latin America.
The strong Swiss franc has caused difficulty for the country's retailers and food producers. Sam Webb takes a look at the problems surrounding the powerful currency and speaks to Swiss companies that are feeling the pressure.
The first-half results from Swiss dairy group Emmi, published on Tuesday, demonstrated the company's recent efforts to improve its profitability. The figures included a cut to Emmi's forecast for annual sales but, nonetheless, the numbers pleased analysts and the company's share price rose. Dean Best discussed the performance with Emmi CEO Urs Riedener.
Emmi is preparing to make more international acquisitions as it looks to generate 50% of its sales from overseas, the Swiss dairy group told just-food today (27 March).
Emmi lowered its full-year sales forecast this morning (23 August) with the Swiss dairy group pointing to a "challenging economic environment", although the Caffe Latte owner upped its estimating for annual operating profit.
Swiss dairy group Emmi is expanding its presence in the organic dairy sector in the US through the acquisition of California-based organic dairy Cowgirl Creamery Corp. and the associated Tomales Bay Foods.
Higher international selling prices and lower operational costs have seen Emmi post an increase in full year profits despite a sales fall for the period.
Emmi booked a drop in 2015 sales this morning (4 February) as a weaker performance from its domestic business offset a more robust international showing.
Swiss dairy group Emmi is taking a 60% stake in Dutch goat's milk processor Bettinehoeve.
This week, Unilever was the first of the food majors to reports its results for 2015 - and its comments about the year ahead caught the eye. Sugar remained firmly in the headlines with Food Standards Scotland warning a sugar tax could be considered as the nation continues to face rising obesity and the European Parliament voting against a move from Brussels to allow baby foods to contain sugar far above WHO recommendations. Elsewhere, on our M&A pages, Emmi took full control of German organic milk processor Glaserne Molkerei and US private-equity firm Highlander Partners acquired invested in Polish meat firm QFG. Click on the links for more.
Swiss dairy manufacturer Emmi has increased its stake in Gläserne Molkerei, taking full control of the German organic milk processor as it looks to expand in the organic dairy space.
This week, there was fresh speculation about the future of some of Mondelez International's confectionery assets in Europe, while, in the seafood sector, industry giant Thai Union Group canned its planned move for US company Bumble Bee Foods. Two companies - Brazilian meat behemoth BRF and Swiss dairy Emmi - did conclude deals. And Russia revealed the foods it was banning from Turkey.
Emmi is expanding in the "attractive niches" of goat's milk products and "sustainable foods" such as organic and lactose-free through the acquisition of US-based dairy Redwood Hill Farm and Creamery.
This week, Emmi reported a rise in first half profits on the back of stronger margins while Petra's profit suffered as a result of a slowing economy in Indonesia. We also took a look at what the easing of trade sanctions in Iran could mean for international food makers. Here is the week in quotes.
Emmi said today (18 August) that its first-half sales decline was "better than expected" and booked an increase in profits during the period on the back of stronger margins.
Emmi booked a drop in full-year earnings today (24 March) as one-time charges hit the bottom line. On an adjusted basis, however, the Swiss dairy stressed 2014 profits were up on 2013.
Swiss dairy firm Emmi said organic growth across all of its divisions highlighted that product initiatives in Switzerland are paying off - but analysts flagged concerns over the group's exposure to international and the drag that currency exchange is likely to represent moving into 2015.
Emmi has launched YoQua, a yoghurt also containing quark, in Switzerland in a bid to tap into consumer interest in protein.
Emmi has taken full control of Canadian importer JL Freeman's cheese business in a move the Swiss dairy said enhances its position in North America and secures market access.
The joint venture between Swiss dairy group Emmi and French milk processor Bongrain was dissolved because it "become steadily less significant", internal company documents have revealed.
Swiss dairy group Emmi has bought out French milk processor Bongrain from Emmi Fondue (EFON), the joint venture operation in which Bongrain held a minority stake.
Swiss dairy group Emmi has sold its US production facility for aseptic dairy products to KanPak as it focuses in on its specialty cheese business in the market.
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.
just-food reported direct from the annual IGD industry convention in London this week, with a leading light in the grocery retail sector ruffling a few feathers with comments about manufacturers and retailers. Elsewhere, China's Bright Food made its latest deal in Europe, with the acquisition of Filippo Berio olive oil owner Salov and we interviewed the CEO of Finsbury Food Group after the UK baker announced a move for local peer Fletchers Group.
This week, Emmi flogged its Italian Trentilatte yoghurt business, while Kellogg sold the Loma Linda brand to Atlantic Natural Foods. Elsewhere, UK baker Finsbury Food Group moved to buy local peer Fletchers Group, while US private-equity firm BBX Capital made its second confectionery acquisition in a week. At the annual IGD Convention in London, UK retail veteran Andrew Higginson caused a stir by hitting out at the country's grocers.
Emmi, the Swiss dairy group, has decided to sell its under-pressure Italian yoghurt arm Trentinalatte.
Other Dairy in Switzerland
The pervasiveness of the health and wellness trends in Switzerland also resulted in many other dairy products being perceived as unhealthy and many Swiss consumers are turning to non-dairy alternative...
Yoghurt and Sour Milk Products in Switzerland
The on-going process of liberalisation of trade within the EU resulting in a major restructuring of the Swiss dairy industry had a significant impact on the strategies manufacturers deployed in order...
Global Dairy Food Market: News and Events January 2015
The report provides a review of the latest news and key events in the global dairy food market during January....
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