R&R Ice Cream
In the second section of a two-part interview, R&R Ice Cream CEO Ibrahim Najafi speaks to Dean Best about how the UK-based company is navigating the challenges in its domestic - and still largest - market.
R&R Ice Cream is the second-largest ice cream manufacturer in Europe by sales, behind only Unilever. But the UK-based business's CEO, Ibrahim Najafi, promoted to the top job at the company 18 months ago, has his sights on expansion further afield.
Nestle decided to quit the ice cream sector in South Africa as its business - which the food group has agreed to sell to UK-based R&R Ice Cream - was not "sustainable".
We spoke to Quorn Foods CEO Kevin Brennan this week to discuss the takeover talk surrounding the UK meat-free business and his plans for 2015. Elsewhere, Russia admitted it could ease its ban on food imports from the EU, while it was revealed in New Zealand there had been threats to poison infant formula.
Quorn Foods was in the M&A spotlight this week with speculation WhiteWave Foods had held talks to buy the meat-free business. We spoke to Quorn CEO Kevin Brennan to find out more. Elsewhere, Nestle sold its South African ice cream assets to R&R Ice Cream, while in New Zealand, dairy groups moved to reassure consumers their infant formula products were safe following poison threats. In the US, shares in some poultry firms including Tyson Foods and Sanderson Farms plunged after reports of suspected bird flu on an Arkansas farm.
R&R Ice Cream has struck a deal to buy Nestle's ice cream operations in South Africa, the UK-based firm's latest move to broaden its business outside Europe.
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.
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