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JBS exports were up 20% in 2013BRAZIL: FY profits up at meat giant JBS

25 March 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.

Editor's choice: the highlights on just-food last week

17 March 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.

On the money: Marfrig eyes growth opportunities despite 2013 losses

12 March 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.

BRAZIL: Marfrig mulls IPOs of business units

11 March 2014

Marfrig is considering listing parts of its business overseas, the chief executive of the Brazilian meat giant has revealed.

BRAZIL: Meat group Marfrig books 2013 loss

10 March 2014

Brazilian meat group Marfrig fell into the red in 2013, hit by foreign exchange and losses from derivatives.

UK: Moy Park "strengthens" processing capabilities

5 December 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.

UK: Kerry "front runner" to acquire Peperami

2 December 2013

Irish food manufacturer Kerry Group is reportedly leading the race to acquire meat snack brand Peperami from Unilever.

BRAZIL: Debt weighs on JBS net profit

14 November 2013

Brazilian meat group JBS booked a decline in third-quarter net profit, dragged down by financing costs incurred to fund the acquisition of poultry business Seara.

BRAZIL: Sales up but profits down at Marfrig

13 November 2013

Brazilian food giant Marfrig has filed higher third-quarter sales but seen profits fall on increased selling costs and debt expenses.

BRAZIL: Costs push Marfrig to H1 net loss

9 August 2013

Brazil-based food group Marfrig has swung to a net loss in the first six months of the year.

Deal or no deal: Unilever's Peperami draws buyer speculation

22 July 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.

BRAZIL: Marfrig revamps beef business

4 July 2013

Brazil-based food group Marfrig is to split its beef business into two operational units - one for its domestic market and one for southern parts of South America.

Deal or no deal: 2 Sisters touted prime Bernard Matthews bidder

20 June 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.

Editor's choice: the highlights on just-food last week

17 June 2013

The latest just-food interview saw the boss of Nestle's business in Greater China discuss the food giant's strategy in the market and why he believed the world's largest food manufacturer had the edge on its rivals in the region. It was a week of a number of notable pieces of M&A, including Canadian retailer Sobeys' move to buy Safeway Inc's business in Canada and JBS's deal to acquire Seara Brasil from local meat rival Marfrig.

Quote, unquote: just-food's week in words

17 June 2013

This week, just-food spoke with the CEO of Nestle Greater China, Roland Decorvet, who went into detail about the company's strategy in China and the challenges it faces there. We also garnered analysts' thoughts on Amazon's plans for its US grocery business and Carrefour's prospects for the African market. Elsewhere, JBS announced a deal to buy domestic poultry business Seara Brasil, Sobeys bought Safeway's Canadian operations, and B&G Foods snapped up Pirate Brands.

BRAZIL: Marfrig "optimistic" about future after Seara Brasil sale

11 June 2013

Marfrig has said the sale of its domestic poultry business would make the Brazil-based meat group "stronger" and allow it to focus on growth opportunities elsewhere.

BRAZIL: JBS to buy Marfrig's domestic poultry unit

10 June 2013

Brazilian meat giant JBS is to buy domestic poultry business Seara Brasil from local rival and fellow international meat processor Marfrig.

BRAZIL: Q1 losses widen at meat giant Marfrig

14 May 2013

Brazilian food group Marfrig has seen its losses widen in the first quarter, hurt by the cost of integrating plants acquired from Brasil Foods.

The week ahead - Wal-Mart Q1s, Post Holdings H1, ProTerra conference

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.

EUROPE: Moy Park to widen portfolio in Marfrig shake-up

16 April 2013

UK-based poultry group Moy Park will be able to offer more products to its customers as part of a reorganisation by parent Marfrig, the Brazilian meat giant.

BRAZIL: FY losses narrow at meat giant Marfrig

28 March 2013

Brazilian food group Marfrig has insisted it remains committed to de-leveraging its balance sheet as it booked a drop in 2012 losses.

UK: Unite launches campaign to save Moy Park jobs

25 March 2013

UK union Unite has launched a campaign to save 300 jobs at the Wisbech production facility operated by Marfrig's Moy Park business.

BRAZIL: Marfrig promotes dos Santos to CFO

12 February 2013

Brazilian meat giant Marfrig has named VP of finance Ricardo Florence dos Santos as its CFO.

BRAZIL: Brasil Foods Q3 profit drops 75%

13 November 2012

Brasil Foods has booked a 75% drop in third-quarter profits as higher feed costs more than offset sales gains in the period.

BRAZIL: Marfrig hires ex-Cargill CFO Rial to lead processed foods arm

8 November 2012

Brazilian meat giant Marfrig has appointed former Cargill CFO Sergio Rial to lead its processed food division, Seara Foods.

BRAZIL: Marfrig returns to profit in Q3

26 October 2012

Brazilian meat giant Marfrig has returned to profit in the third quarter of the year.

BRAZIL: Marfrig attracts "buyer interest"

24 August 2012

Brazilian meat giant Marfrig is understood to have attracted companies including Tyson and Blackstone for the potential purchase of a stake in the group.

BRAZIL: Meat giant Marfrig reports Q2 profit

14 August 2012

Brazil-based meat giant Marfrig today (14 August) booked a second-quarter profit, moving back into the black after a loss in the corresponding period last year.

BRAZIL: Lower financing costs boost Marfrig profits

15 May 2012

Marfrig has reported higher quarterly profits as the Brazilian meat processor increased its focus on value-added products and disposals and lower financing costs boosted its bottom line.

BRAZIL: Marfrig looks to future despite finance-driven FY loss

26 March 2012

The chief executive of Brazilian meat giant Marfrig has looked to the group's future as a global food company even after it recorded losses of BRL746m (US$411.6m) in 2011.

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