South African food maker Tiger Brands has booked higher annual profits, helped by the proceeds from the disposal of its business in Nigeria but also growing sales.
South African food maker Tiger Brands has said that it expects full-year earnings to surge by more than 90% in the 12 months to 30 September.
Tiger Brands, the South Africa-based consumer goods group, has named COO Noel Doyle its new CFO.
Tiger Brands is selling its 51% stake in East African Tiger Brands (EATB), its Ethiopian joint venture, to partner East Africa Group (EAG).
Tiger Brands, the South Africa-based consumer goods group, today (24 May) reported improved half-year sales and earnings.
South African food processor Tiger Brands has announced the exit of its CFO Funke Ighodaro.
Tiger Brands, the South Africa-based consumer goods group, has appointed Mondelez International executive Lawrence MacDougall as the company's new CEO.
South African food group Tiger Brands has said it will have to "judiciously" manage volumes and margins over the coming year as it is caught between rising input costs and weak consumer sentiment in the country.
Belgium's Lotus Bakeries this week struck its second piece acquisition in the UK in four months, with a deal to buy Bear snacks owner Urban Fresh Foods. Our M&A pages also included news Fonterra is selling its Australian yoghurt business to Lactalis's Parmalat and Ornua is offloading US distribution asset DPI. Elsewhere, the Russian central bank said domestic producers had, in most categories, failed to meet the shortfall in production from Moscow's import restrictions on the west.
Tiger Brands has sold its share in its loss-making Nigeria business, Tiger Branded Consumer Goods of Nigeria, to partner Dangote Industries.
US group ConAgra Foods, fresh from agreeing to sell the bulk of its own-label business, set out plans to split its remaining operations in two. Staying in the US, Glanbia struck a deal to buy protein foods maker ThinkThin, while local distributor Pompeian Group is to merge with Spanish olive oil co-op DCOOP. Olive oil was under scrutiny in Italy, where a clutch of products face a regulatory investigation over claims products are being mis-sold as extra virgin olive oil.
Tiger Brands today (19 November) posted higher annual sales but booked a fall in profits resulting from an impairment charge on its business in Nigeria, to which the South African group announced it was cutting off funding earlier this week.
South African food group Tiger Brands has pulled funding from its Nigerian arm and is mulling options for its share in the business.
Tiger Brands has announced CEO Peter Matlare is to step down from the helm of the South African consumer goods group.
South Africa's Tiger Brands grabbed the headlines this week with news of the over-stating of sales at its Kenyan arm inflating local profits last year. Elsewhere, Ireland's Total Produce lifted its earnings forecast and said it was on the look-out for more M&A. UK meat group Cranswick reported mixed annual results.
South Africa-based FMCG group Tiger Brands has revealed its business in Kenya saw "manipulation" of its profits in its last financial year.
South Africa's Oceana Group has acquired Louisiana-based Daybrook Fisheries in a transaction valued at close to US$400m.
South African food group Tiger Brands, which has recalled products over concerns they could contain carcinogenic ingredients, has issued an apology to consumers who have eaten the affected lines.
South African food group Tiger Brands has recalled batches of Simply Delicious products over concerns they could contain carcinogenic ingredients.
Tiger Brands, South Africa's largest branded food manufacturer, has posted an increase in first-half sales and earnings despite what the firm termed a "tough trading environment".
South African consumer goods group Tiger Brands has booked an impairment charge on Nigerian unit Dangote Flour Mills of ZAR849m (US$82.1m).
South African food group Tiger Brands said its planned acquisition of Kenyan firms Rafiki Millers and Magic Oven Bakeries have foundered amid disagreement over the final terms of the deals.
South African food group Tiger Brands has today (21 January) confirmed it is in the process of buying out Kenyan flour miller Rafiki Mills.
- Does Kraft Heinz want to swallow Unilever whole?
- Focus: Nestle CEO plan to balance sales, earnings
- US food next wave on display at Winter Fancy Food
- Comment: Meal kits in US - don't believe the hype
- Why Reckitt Benckiser moved for Mead Johnson
- Kraft Heinz pursuing Unilever in takeover move
- Kraft Heinz pulls Unilever bid
- General Mills issues profit warning
- Kerry operating earnings strengthen on slow sales
- Kerry Group staff in Ireland suspend strike action