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Tesco reported another year of falling profitsEditor's choice: the highlights on just-food this week

17 April 2014

Tesco was in the spotlight this week after the publication of its annual results confirmed what a challenging year the UK's largest retailer endured. Another UK grocer under scrutiny is The Co-operative Group, which reported banking-induced losses, but revealed it is re-sizing its food retail estate to give it more focus. Elsewhere, China's WH Group, of which Smithfield Foods is now a part, announced plans to list in Hong Kong and US group Post Holdings made another M&A move, with a deal to buy egg-to-dairy supplier Michael Foods.

CHINA: Meat processor WH Group details $5.3bn IPO

15 April 2014

WH Group, the world's largest pork producer, has announced plans to list in Hong Kong in an initial public offering that could raise more than HK$42bn (US$5.3bn).

CHINA: Hong Kong "approves WH Group listing plan"

31 March 2014

WH Group, formerly Shuanghui International, has declined to comment on reports it is preparing to list in Hong Kong.

US: Smithfield "halts slaughter" at plant as PEDv outbreak deepens

18 March 2014

Smithfield Foods has reportedly been forced to suspend hog slaughter at a North Carolina facility due to an outbreak of Porcine Epidemic Diarrhea virus at the site as the disease continues to sweep the US swine herd.

CHINA: Meat giant Shuanghui changes name to WH Group

21 January 2014

Shuanghui International has changed its name to WH Group in a move the Chinese meat processor said reflected its "aspirations as a world-leading brand".

CHINA: Shuanghui silent on IPO rumours

6 January 2014

Shuanghui International has remained silent on fresh reports the company is preparing to list in Hong Kong when it has completed its integration of Smithfield Foods.

just-food's review of 2013: the trends that shaped 2013 M&A

6 January 2014

M&A levels remained relatively subdued in 2013. Growing private-equity interest and something of a shift in capital flows to mature markets have been significant trends shaping the M&A landscape. While gaining routes-to-market in emerging economies has remained key for strategic buyers. Katy Askew examines some of the stand-out deals of the past 12 months.

SPAIN: Campofrio names new CEO ahead of planned takeover

2 January 2014

A new chief executive has been appointed at Campofrio days after a deal was struck that is set to see Mexico's Sigma Alimentos and China's Shuanghui International take joint control of the Spanish meat group.

SPAIN: Sigma to share control of Campofrio with Shuanghui

23 December 2013

Spain-based meats group Campofrio is to be jointly controlled by Mexican food manufacturer Sigma Alimentos and China's Shuanghui International.

SPAIN: Shuanghui coy over "plans for Campofrio bid"

29 November 2013

Chinese pork group Shuanghui International has remained coy over reports it is planning a bid for Spanish meat processor Campofrio.

China briefing: Multinationals vie for place at table

29 November 2013

With an increasingly affluent population of more than 1.36bn mouths to feed the potential offered by China's food sector is immense. But the size of the opportunity does not, in itself, guarantee success. Competition is fierce as multinational food groups and local players alike look to grow their share of this vast pie. Katy Askew examines the competitive dynamics of the Chinese food sector.

CHINA: Shuanghui "hires banks" for Hong Kong IPO

6 November 2013

Chinese pork group Shuanghui International is understood to have hired six banks to assist in a Hong Kong IPO.

US: Cracker Barrel retail lines hit shelves after deal with Kraft

8 October 2013

Cracker Barrel Old Country Store is seeing its retail products hit US outlets this week after a deal with Kraft Foods Group, which launched a trademark lawsuit against the US restaurant chain.

CHINA/SPAIN: Shuanghui to cut stake in Campofrio to avoid bid

27 September 2013

Shuanghui International will sell part of the stake in Campofrio it has attained through the acquisition of Smithfield Foods to avoid having to make a mandatory offer for the Spanish meats firm.

US: Smithfield shareholders back sale to China's Shuanghui

24 September 2013

Shareholders in Smithfield Foods today (24 September) voted in favour of the sale of the world's largest pork processor to China's Shuanghui International.

US: Smithfield's John Morrell launches ready-to-eat breakfast line

24 September 2013

Smithfield Foods' US subsidiary John Morrell Food Group has entered the ready-to-go breakfast category with the launch of a refrigerated breakfast line.

US: Activist fund Starboard Value to back Smithfield takeover

20 September 2013

Hedge fund Starboard Value, which has criticised the sale of Smithfield Foods to China's Shuanghui International, said today (20 September) it would vote in favour of the deal.

US: ISS urges shareholders to back Smithfield takeover

13 September 2013

The board of US proxy advisory firm, Institutional Shareholder Services, says shareholders should approve the sale of pork group Smithfield Foods to China's Shuanghui International.

Best bits: Delhaize CEO appointment, Smithfield takeover in spotlight

9 September 2013

The choice of Delhaize's new CEO failed to cheer the market last week as investors reacted coolly to the news. The potential takeover of Smithfield Foods, the world's largest pork processor, has also not won over all shareholders, with one claiming to have received rival interest.

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

9 September 2013

European retail giant Delhaize this week named its new CEO - ex-Metro executive Frans Muller - but his appointment, combined with the departure of its US boss, hit the company's shares. In the US, Mondelez International gave more detail on its plans to shake up its plant network and use fewer suppliers. And an investor in Smithfield Foods insisted it had received interest from rival suitors for the US pork giant that could be better value than the current agreed takeover bid from China's Shuanghui International.

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

9 September 2013

The Barclays Back to School Conference kicked off earlier this week - a three-day event that saw company executives gather to discuss their plans and outlook with investors and analysts. Manufacturers participating in the event included PepsiCo, General Mills, Mondelez International and Hormel Foods. Elsewhere, Delhaize named ex-Metro Group executive Frans Muller as its new CEO - and also announced the head of its US business, its largest market, would leave the company.

THAILAND/US: Thai trader to pay Smithfield insider trading charges

6 September 2013

A Thailand-based trader is to pay US$5.2m to settle charges of trading on non-public information ahead of an announcement on the acquisition of Smithfield Foods by China's Shuanghui Holdings.

US: Hog costs, export "weakness" hits Smithfield profits

6 September 2013

Quarterly profits at Smithfield Foods have fallen after hog costs and lower sales in key export markets hit the US group's fresh pork operations, its largest business.

US: Starboard fund: Rival suitors could offer more for Smithfield

5 September 2013

Hedge fund Starboard Value, an investor in Smithfield Foods critical of its planned sale to China's Shuanghui International, has claimed rival interest in the US pork group could lead to a better offer for the business.

US: Smithfield, Shuanghui acquisition review extended

25 July 2013

The US government is to extend its review of the planned takeover of Smithfield Foods by China's biggest pork producer, Shuanghui International.

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

22 July 2013

China has once more dominated the headlines, as we brought you coverage of our recent trip to the country where we were given the opportunity to meet with Nestle CEO Paul Bulcke.

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

22 July 2013

Last week we published our interview with Nestle CEO Paul Bulcke from China where he spoke about how Nestle is driving global sales growth and its focus on delivering science-based nutrition solutions.

CHINA: Shuanghui downplays IPO rumours

16 July 2013

Chinese pork group Shuanghui International has downplayed rumours that it is preparing an IPO following completion of its proposed acquisition of US meat firm Smithfield Foods.

Interview: Development of "bottom-up" approach to China food safety - Global Food Safety Forum

15 July 2013

As the Chinese government moves to step up regulation of the country's food industry, China's domestic brands are developing a for-profit food safety model that aims to restore battered consumer confidence in the quality and reliability of the country's foodstuffs, according to Rick Gilmore, chairman of the Global Food Safety Forum (GFSF). David Green caught up with Gilmore in Beijing to find out more.

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

12 July 2013

For a second week, China's probe into infant formula prices - which it emerged is part of a wider investigation into the dairy sector in the country - grabbed your attention. And the US food retail scene saw the biggest M&A story of the week when Kroger struck a deal to buy regional chain Harris Teeter for US$2.4bn.







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