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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...
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.
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.
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.
A quiet week for financial updates as results season winds down, with Diamond Foods, Sainsbury's and Smithfield preparing to issue updates. Trade shows will see food companies setting out their wares in various continents from North America to Africa.
Smithfield Foods, the US meat group, has set out a new tranche of goals on sustainability, building on targets it laid out in 2010. Ben Cooper spoke with Stewart Leeth, vice president of regulatory affairs and sustainability, about the company's progress over the past five years and the launch of the new targets.
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.
Smithfield Foods said that it has made "significant progress" on its animal welfare goal, established in 2007, to move all pregnant sows to group housing.
Smithfield Foods has announced CEO Larry Pope is to retire from the US pork processor at the end of the year.
Smithfield Foods is expanding the dry sausage manufacturing capacity at its Wisconsin production plant to ramp up production of pepperoni and salami products.
Meat group Smithfield Foods today (20 August) announced that Kenneth Sullivan, currently EVP and chief financial officer, has been named president and chief operating officer. Glenn Nunziata will succeed him as CFO.
Russia this week said it would extend its restrictions on food imports to four more countries. In India, the ban on Nestle's Maggi noodles was overturned - although the products will have to be tested again. In the US, Kraft Heinz Co. announced plans to cut 2,500 jobs, while co-investor Warren Buffett cooled talk over a bid - in the short term at least - for Mondelez International. And in Europe, Nomad Foods struck a deal to buy Findus Group's operations in seven markets.
Smithfield Foods has extended a number of sustainability targets to build on previous objectives set in 2010 in areas such as animal care and environmental impact.
Smithfield Foods has announced the construction of a new pork sausage plant in Sampson County, North Carolina.
US ice cream maker Blue Bell Creameries this week expanded its product recall as it reacts to a listeria outbreak linked to three deaths. In Europe, Dutch horsemeat trader Willy Selten was sentenced to a jail term. And China has filed a dispute at the WTO over the EU's tariffs on poultry products.
Smithfield Foods is investing US$9m to expand production of its Curly's brand, which includes pre-cooked BBQ products such as pulled pork, beef and chicken.
Smithfield Foods has started building a bacon slicing plant in Wisconsin as part of the US meat group's plans to grow its packaged meats business.
US pork processor Smithfield Foods has reported a jump in annual profits, as sales growth across all of its divisions offset higher raw material costs.
Romania has secured for the first time the green light from China to ship frozen pork imports to the country.
Smithfield Foods has announced a restructuring of its organisation, a move that will see the US-based meats group managed across four divisions.
US pork processor Smithfield Foods has launched a "premium" range of products it hopes will meet consumer demand for "higher quality" options.
Smithfield Foods, the US pork producer owned by China's WH Group, reported a leap in third-quarter earnings on higher meat prices and increased packaged sales.
US food maker Smithfield Foods has teamed up with French's mustard owner Reckitt Benckiser to launch a range of chilled hot dogs in the UK.
Chinese pork processor WH Group booked a surge in earnings in its first set of interim results as a listed company, boosted by last year's acquisition of US pork giant Smithfield Foods.
US pork processor Smithfield Foods has reported higher half-year profits, pointing to demand at home and abroad.
WH Group, the world's largest pork processor, has relaunched plans for a listing in Hong Kong.
This week shares dipped in both Premier Foods and ConAgra Foods after the firms said they were likely to miss earnings forecasts for their respective quarters. Elsewhere, PepsiCo and Mondelez both showed their commitment to R&D through the opening of new facilities. Danone debuted its desserts range in the US, but in the UK was in hot water with the advertising watchdog who claimed its Nutricia Growing Up Milk ad implied the health of kids that didn't consume the product would suffer. Here is the week in quotes
A Smithfield Foods plant in the US is due to re-open tomorrow (20 June) after a burst hot water tank injured two staff and forced its closure for three days.
Smithfield Foods has expanded its offering under the Kretschmar Premium Deli Meats & Cheeses brand with the introduction of Kretschmar Master's Cut.
Western Australia is strengthening its ties to China via the food industry.
A second firm of advisors to investors has said shareholders in Smithfield Foods, the world's largest pork processor, should accept the $7.1bn takeover bid from China's Shuanghui International.
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