Diamond Foods side-stepped market talk it has put itself up for sale and even suggested it would be open to broadening its own portfolio dur...
A group of 60 institutional investors has written to 15 food and drink companies urging improvement in how they manage and report on water r...
ConAgra Foods announced that it will sell off its loss-making private label business yesterday (30 June) in a move that, the company said, will help unlock value for its shareholders. But selling off private brands is about more than offloading an asset that is a challenging turnaround story. New CEO Sean Connolly insists it is about putting ConAgra back on the road to growth. Katy Askew reports.
The use of antibiotics in the rearing of animals has been a much discussed issue in recent weeks, with regulatory and corporate moves across a number of countries. Ben Cooper examines recent events in the context of the widespread concern over antimicrobial resistance.
Campaigners have welcomed McDonald's announcement on antibiotic use in chickens but are concerned that the move is confined to the US. Ben Cooper discusses whether the fast-food operator's decision could spur more action on both sides of the Atlantic.
Up-and-coming categories and companies are increasingly setting the pace in the US food sector. Demand for natural, healthy, fresh and sustainable products is on the rise. This has left legacy brands facing slumping sales. But, as yesterday's Kraft Foods Group recall shows, there is still considerable interest in the old brands, Katy Askew suggests.
The creation of Brasil Foods, one of the world's largest meat groups, from Brazil's Perdigao and Sadia, was a rare mega-merger in 2009, when the global crash hit M&A. However, the deal is yet to win complete regulatory approval and, although parts of Perdigao and Sadia are operating together, Brasil Foods is yet to reap the rewards of the merger. In this month's just-food interview, Michelle Russell speaks to Brasil Foods CFO Leopoldo Saboya about the prospects for the business.
US-based meat groups have had a tough time of late amid soaring feed costs and weak domestic demand. However, Tyson Foods, the country's largest processor, has seemed better equipped to weather the storm - not least because of its international ventures. One of the company's key markets is China. In this month's just-food interview, Dominique Patton spoke with James Rice, vice president and country manager of Tyson's Chinese business, about the company's ambitions in the East.
Tyson Foods has upped its forecast for annual earnings but cut its estimate for annual sales after its first-quarter results.
Tyson Foods is to invest in a Hillshire Brands bakery plant in North Carolina, a project that will see gluten-free and non-GMO lines added to the facility.
Tyson Foods is mulling whether to make fresh investment in a poultry plant in the US.
Ahead of the climate talks in Paris, Unilever announced plans to be carbon positive from its operations by 2030. Elsewhere, there was more consolidation in the US food sector, with Pinnacle Foods moving for Boulder Brands. Tyson Foods, Post Holdings and Greencore all had annual results out in the week. Maple Leaf Foods outlined plans to "streamline" its business, which is set to lead to the loss of 400 staff. Here is the week in quotes.
Tyson Foods, the US meat products group, today (23 November) claimed "record sales and earnings" in its last financial year, although its fourth-quarter earnings fell below analyst expectations.
ConAgra Foods CEO Sean Connolly, appointed earlier this year to revitalise the US group, announced its latest strategic change, with the company planning to split in two. Tyson Foods explained its decision to close two plants in the US, while Danone set out plans to grow sales and margins year-on-year.
Tyson Foods has detailed plans to close two US plants in a move that will result in the loss of around 880 jobs.
China is lifting a ban it imposed on US pork products last year over the use of a feed additive.
This week, Kellogg announced plans to increase its exposure in Africa through a joint-venture with local player, Tolaram Foods. Elsewhere, Tyson Foods was once again in the spotlight over animal abuse allegations. Nestle lost its battle to trademark its KitKat product in the European Court of Justice Midamar pleaded guilty to allegations it mislabeled products for export as halal.
Animal rights group the Animal Legal Defense Fund has accused Tyson Foods of “cruel” and “illegal” treatment of chickens at a production facility in Texas.
Mondelez International was among a clutch of major players speaking at Barclays' investor conference in Boston this week and the snacks giant set out strategies to try to drive sales. In a busy week of M&A, US bakery giant Flowers Foods bought another organic bread maker, Unilever sold its Indian bakery arm and the owner of Quorn started an auction for the UK meat-free business.
This week, the Barclays Global Consumer Staples Conference took place in Boston with presentations from Mondelez International and Tyson Foods. Nomad Foods also presented and indicated plans to focus on cost-cutting with funds re-invested in the business for growth. Elsewhere, Flowers Foods announced its second acquisition in under a month in organic bread and McCormick & Co. pledged to increase the number of organic and Non-GMO products it sells in the US over the next year. Here is the week in quotes.
Tyson Foods, the US meat giant, has outlined its ambitions for its branded business.
Tyson Foods is to close a processing plant in Denison, Iowa, due to a "continued lack of available cattle".
Tyson Foods today (3 August) lowered its forecast for annual earnings after issues at its beef business dampened the US protein company's third-quarter results.
Tyson Foods unit Van's International Foods has agreed up to US$9m in settlement fees over a class lawsuit that alleged it "falsely advertised" products as natural when they "included a synthetic ingredient".
This week, PepsiCo reported on its second quarter numbers and its conference call detailed its plans to prepare for a tough second half to the year. Elsewhere Hostess Brands' owners insisted they were not looking for an IPO or a sale at present. animal abuse and McCain announced an A$10m investment at a Tasmania plant. Here is the week in quotes.
Tyson Foods has said it is investigating claims of animal abuse at one of its contract chicken farms in Delaware.
Tyson Foods announced plans to expand its poultry production plant in Robards to meet “growing demand” for Tyson branded chicken sold at retail nationwide.
Tyson Foods reported higher first-half earnings on the back of a jump in revenue at its prepared foods unit, where sales were lifted by last year's acquisition of Hillshire Brands.
This week, bakery business Aryzta announced it was in talks to invest in French frozen food retailer Picard while the M&A rumour mill span with reports Mondelez International is considering selling its rights to the Philadelphia brand. Elsewhere, The Real Good Food Co. said it was exploring options for its under-performing sugar business Napier Brown.
Tyson Foods is to shut a poultry plant - and reduce production at a second site - in the US state of Georgia in a bid to improve efficiency.
Just a month after reports Tyson Foods was investigating claims of animal abuse at one of its contract chicken farms in Delaware, the US poultry giant has dropped a Tennessee supplier over similar allegations.
Nestle, Danone, Kerry Group and Tyson Foods are among the multinational consumer goods manufacturers presenting next week at the Consumer Analyst Group of Europe conference in London - of which just-food and sister site just-drinks.com are the exclusive media partners.
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