JAPAN: Nippon Meat confirms chairman will resign, president demoted
Beleaguered Japanese meat processor Nippon Meat Packers yesterday [Tuesday] confirmed that its founder and chairman, Yoshinori Ohkoso, will step down, while his son Hiroji Ohkoso will be demoted from his position of president. The company is responding to damage to its reputation following a beef mislabelling scandal which came to light recently. Japan's largest sausage, maker, Nippon Meat Packers faced a backlash which saw several leading supermarkets pull its products from their shelves. The group's share price has fallen by some 35%, reported Reuters.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- General Mills sales woes continue - analysis
- Why personalisation will take-off in US food
- Comment: Meal kits in US - don't believe the hype
- US food next wave on display at Winter Fancy Food
- Column: Kraft Heinz, Unilever and sustainability
- Unilever 'lining up spreads sale'
- UK own-label firm Park Cakes sold in MBO
- Immigration crackdown "risk" for US dairy industry
- BRF plant suspended amid bribery allegations
- Fonterra cuts earnings forecast