Top stories on just-food this week
JBS's bold attempt to become the world's largest meat processor grabbed your attention this week, with its proposed acquisition of US poultry firm Pilgrim's Pride and its planned merger with Brazilian food group Bertin among the ten most-read stories on just-food. The continued rumblings over the future of Cadbury also caught your eye, as did the goings-on with Woolworths Ltd and Coles in Australia's grocery retailing sector.
US: JBS to take majority stake in Pilgrim's Pride
Brazil-based meat giant JBS will acquire a majority stake in bankrupt US poultry processor Pilgrim's Pride in a deal with an enterprise value of US$2.8bn.
BRAZIL: JBS, Bertin agree merger
Brazilian meat groups JBS and Bertin have reached an agreement to unify operations, the companies revealed today (16 September).
UK/US: Cadbury attacks "low-growth" Kraft
Cadbury chairman Roger Carr has labelled Kraft Foods a "low-growth" company in a strongly-worded letter to the US food giant's chief Irene Rosenfeld to explain why the UK confectioner snubbed a GBP10.2bn (US$16.9bn) takeover proposal last week.
AUS: Watchdog strikes Woolworths, Coles tenancy deal
Woolworths Ltd and Coles, Australia's two largest retailers, have agreed to end "restrictive provisions" in the leases for their supermarkets, the country's competition watchdog said today (18 September).
US: Weight Watchers sues Nestle over TM claims
Weight management company Weight Watchers International has filed a lawsuit against Nestle, accusing the world's largest food maker of trademark violations in the US.
EU: Fischer Boel to stand down
Mariann Fischer Boel is to step down from her role as EU Agriculture Commissioner at the end of her term.
UPDATE: EU: Farmers stand firm on need for milk quotas
European dairy farmers remain unsatisfied with the fresh swathe of support being proposed by the EU, insisting that the goal of phasing out quotas by 2015 is "not beneficial" to the market.
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Those regulating the US food industry flexed their muscles this week with a series of warnings over "misleading" labels - much to the delight of consumer advocates....
Australia's second largest supermarket group Coles has posted a strong increase in first half sales as its turnaround efforts continue to pay off....
The future of Glanbia, with its interest in consumer dairy products, dairy ingredients and sports nutrition, grabbed your interest this week as the Irish food group revealed it was in talks to offload...
Health campaigners have slammed the decision by sports associations to sign up companies and brands related to junk food as sponsors....
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