Brazilian protein giants Marfrig and JBS have reached an agreement that will see the ownership of European poultry processor Moy Park transf...
Brazilian protein group Marfrig surprised the market yesterday (15 January) with the announcement CEO Sergio Rial will stand down. Rial was...
| 12 Mar 2014
Marfrig CEO Sergio Rial was upbeat about the progress he saw at the Brazil-based meat processor yesterday (11 March), insisting the company was "more stable" than in previous years despite falling into the red in 2013.
| 22 Jul 2013
Unilever could soon be selling another food brand. The company, which has offloaded a number of food assets in recent years, is understood to be on the look out for a buyer for its Peperami snack brand. While Unilever has declined to comment on the reports, analysts have offered their views as to who might snap up this "animal" of a brand.
| 20 Jun 2013
Bernard Matthews Farms has admitted it may look for outside investment and 2 Sisters Food Group is reportedly considering a bid for the business. Industry watchers believe the UK food giant is the prime candidate to acquire the poultry processor. Michelle Russell reports.
| 13 May 2013
US breakfast cereal group Post Holdings kicks off a relatively quieter week of results with its half-year numbers on Monday. On Tuesday, meat giants Marfig and JBS will report on how it fared in the first three months of the year - as will Wal-Mart on Thursday. The week also includes an international conference in the Netherlands looking at the sustainable cultivation of soy.
| 28 May 2010
The creation of Brasil Foods, one of the world's largest meat groups, from Brazil's Perdigao and Sadia, was a rare mega-merger in 2009, when the global crash hit M&A. However, the deal is yet to win complete regulatory approval and, although parts of Perdigao and Sadia are operating together, Brasil Foods is yet to reap the rewards of the merger. In this month's just-food interview, Michelle Russell speaks to Brasil Foods CFO Leopoldo Saboya about the prospects for the business.
| 30 Jun 2015
The US market has opened to fresh beef imports from Brazil and Argentina, ending a long period of restriction, the US Department of Agriculture's Animal and Plant Health Inspection Service revealed yesterday (29 June).
| 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.
| 22 Jun 2015
Marfrig has entered into a deal to sell its European meat business, Moy Park, to fellow Brazil-based meat group JBS for around US$1.5bn.
| 5 Jun 2015
This week, Nestle said it was withdrawing its Maggi noodle brand in India after a food safety scare that has seen local authorities insist the product has elevated levels of lead. Elsewhere, Abbott Laboratories was tied up in a class action lawsuit over its Similac product with allegations it is misleading consumers since the product contains non-organic ingredients. Elsewhere Nomad Holdings confirmed it is in acquisition talks with Findus Group. just-food visited the Free-From Expo in Barcelona this week and spoke to Warburtons among others. We also interviewed the CEO at Divine Chocolate. Here is the week in quotes
| 1 Jun 2015
Russia has imposed a temporary ban on imports from 10 Brazilian meat processing plants.
| 2 Mar 2015
Marfrig, the Brazilian meat group, booked narrower net losses in 2014 despite higher finance costs and the depreciation of the Brazilian real.
| 16 Jan 2015
Brazil-based food giant Marfrig announced the surprise resignation of CEO Sergio Rial this week after just a year in the position. Another chief executive is to go at UK retailer Morrisons, with its board believing its best chance to return to growth is without Dalton Philips.
| 16 Jan 2015
UK dairy co-operative First Milk was this week forced to come out and calm fears over its financial position after announcing it would delay payments to farmers. Staying in the UK, Morrisons announced chief executive Dalton Philips would leave as the UK grocer battles to reignite sales. And Brazil-based food giant Marfrig revealed its CEO had resigned from the business.
| 15 Jan 2015
Marfrig chief executive Sergio Rial has decided to leave the Brazil-based meat giant, the company announced today (15 January).
| 19 Nov 2014
Brazilian meat group Marfrig has confirmed plans to push ahead with an initial public offering for its European meat business, Moy Park, next year.
| 13 Nov 2014
Marfrig, the Brazilian food group, booked a mixed set of third-quarter results, with a rise in sales and operating earnings failing to offset the impact of higher finance and foreign exchange costs on the bottom line.
| 14 Aug 2014
Brazilian food group Marfrig saw its profitability improve year-on-year in the second quarter.
| 14 Jul 2014
This week, Unilever announced the sale of Slim-Fast to Kainos Capital. Abbott and Fonterra announced a partnership to create a dairy farm hub in China and Marfrig revealed plans to investment of GBP170m into Moy Park. We also looked at why firms are queueing up to invest in Egypt and looked at the global growth of the halal food sector. Here is the week in quotes.
| 10 Jul 2014
Brazil-based meat giant Marfrig is to pump GBP170m into its Moy Park business in Northern Ireland, including adding new processing lines and setting up an innovation centre.
| 21 May 2014
JBS, the Brazil-based meat giant, has started the process of listing domestic arm JBS Foods.
| 15 May 2014
Brazilian meat giant JBS has reported lower first-quarter profits as a jump in financing costs more than offset sales gains.
| 12 May 2014
Brazilian meat group Marfrig has seen sales and operating profits rise in the first quarter - but net losses also mounted in the period.
| 28 Apr 2014
Moy Park, the European unit of Marfrig, has launched Good to Go, a range of ready-to-eat chicken products in the UK.
| 25 Mar 2014
Brazil-based meat group JBS has booked a 29% jump in earnings for 2013 thanks to a domestic poultry acquisition and the "best ever" year for US chicken arm Pilgrim's Pride.
| 17 Mar 2014
The biggest story of the week came as it started - with the announcement of the proposed merger between banana giants Chiquita Brands International and Fyffes. Elsewhere, UK grocers Morrisons and The Co-operative Group grabbed the headlines - the former for its bid to revive sales and the latter for the resignation of its chief executive.
| 11 Mar 2014
Marfrig is considering listing parts of its business overseas, the chief executive of the Brazilian meat giant has revealed.
| 10 Mar 2014
Brazilian meat group Marfrig fell into the red in 2013, hit by foreign exchange and losses from derivatives.
| 5 Dec 2013
Moy Park, the European arm of Brazil's Marfrig, is "strengthening" its processing capabilities in the UK through the conversion of 450 temporary staff to permanent positions at its facility in Anwick.
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