Editor's choice: the highlights on just-food last week
Raisio's "weak business profile is largely the result of its M&A activity", Kirk argues
Five months ago, Chiquita Brands International announced plans to merge with fellow banana supplier Fyffes. The deal was set to close by the end of the year. However, this week, an unsolicited takeover bid came in for Chiquita, which promptly rejected the offer. However, the suitors have indicated they may not go away easily. Elsewhere, our coverage of Russia's food embargo continued, we looked in-depth at the opportunities for growth in Japan in our latest management briefing and, in a new M&A column, we suggested Raisio sell up to private equity.
Hot issue: Bid interest in Chiquita arrives with Fyffes merger on horizon
Brazilian juice manufacturer Cutrale Group and investment firm Safra Group have bid for Chiquita Brands International, with the produce giant having already lined up a merger with Fyffes. How has Chiquita reacted?
FINLAND: Dairy group Valio to axe jobs after Russia ban
Finnish dairy manufacturer Valio has said it will be cutting jobs as a result of Russia's ban on EU food imports.
In the spotlight: What could be impact of Russia's embargo?
In a tit-for-tat move last week, Russian president Vladimir Putin announced a year-long ban on on food imports from countries participating in the imposition of sanctions on Russia. Confident the country can be self-sufficient, Putin and Prime Minister Dmitry Medvedev have urged local producers to take advantage of the opportunity, and get their products on supermarket shelves. But are they up to the task? And what does this mean for global exporters to Russia? Hannah Abdulla reports.
Briefing: Japan and growth
A sustained economic malaise and unhelpful demographic trends have seen Japan lose its lustre in recent years. This management briefing looks at how the country's food manufacturers are looking abroad but also how there is opportunity within the market for growth.
M&A Watch: Why Raisio should sell to private equity
Raisio, the Finland-based group behind brands including Benecol, Honey Monster cereals and Fox's confectionery, has, in recent years, tried to grow via M&A. However, Stefan Kirk of M&A advisors Glenboden questions the company's strategy and believes it should be sold to a private-equity firm to unlock value.
UK: Watchdog opens case on ABF's Dorset Cereals buy
The UK's competition watchdog is investigating Associated British Foods' planned acquisition of Dorset Cereals.
On the money: Flowers looks to soothe market after forecast cut
Shares in US bakery group Flowers Foods sank yesterday after it cut its earnings forecast for 2014 - but the company immediately sought to soothe investor concerns by looking to its longer-term prospects.
Analysis: Why PZ Cussons could continue expansion in food
UK consumer goods group PZ Cussons does the bulk of its business in areas like personal care and beauty but it has food interests in Africa and Australia - and in recent days it has added to its food stable with the acquisition of Australian yoghurt business Five:Am. Dean Best looks at PZ's expansion in food and discusses how much of a priority the sector is for the Carex handwash and Charles Worthington shampoo maker.
SAUDI/KUWAIT: Savola confirms Americana takeover talks
Saudi Arabian food manufacturer Savola Group has confirmed it has started initial talks with Kuwait Food Co., also known as Americana Group, to acquire a stake in the company.
Sectors: Baby food, Bakery, Canned food, Cereal, Chilled foods, Commodities & ingredients, Condiments, dressings & sauces, Confectionery, Dairy, Dried foods, Emerging markets, Fresh produce, Frozen, Health & wellness, Ice cream, Meat & poultry, Mergers & acquisitions, Natural & organic, NPD & innovation, Private label, Retail, Seafood, Snacks, Sustainability & the environment, World foods
Associated British Foods plc - SWOT Analysis company profile is the essential source for top-level company data and information. Associated British Foods plc - SWOT Analysis examines the company’s ......
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
Synopsis Canadean's "Associated British Foods plc : Consumer Packaged Goods - Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The...
UK sugar-to-desserts firm Real Good Food Co. has pointed to its recent trading performance after reporting a first-half loss of almost GBP5m....
Synopsis Canadean's "Bakkavor Holdings Ltd: Consumer Packaged Goods - Company Profile & SWOT Report" contains in depth information and data about the company and its operations. The profile contains a...
- General Mills US "priority" categories gain share
- Interview part 2: BRF CFO Augusto Ribeiro
- The just-food interview: Doux CEO Arnaud Marion
- 2015 preview: A better deal for M&A sellers
- Interview part 1: BRF CFO Augusto Ribeiro
- General Mills outlines "aggressive" NPD drive
- Kraft to reappraise business, says new CEO Cahill
- General Mills earnings drop one-third
- PepsiCo opens snacks plant in Saudi Arabia
- Bimbo to buy Saputo's bakery arm