Confectionery: Latest news and analysis articles
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In the second part of an extensive interview on the implications of Brexit for UK food companies, Ian Wright, director general of industry association the Food and Drink Federation, speaks with Ben Cooper about the longer-term implications of Brexit for UK food and farming policy and on the food industry's labour force.
UK Prime Minister Theresa May has said the formal two-year process for the UK to leave the EU will begin in a little over five months. Ian Wright, director general of the Food and Drink Federation, the industry association representing food manufacturers operating in the UK, spoke with Ben Cooper about the immediate instability the vote for Brexit has caused and his longer-term outlook for the UK food sector.
This week, Bel struck a deal to buy a majority stake in fellow French group MOM Brands. Another French food major, Danone, faced criticism in the US over its plans for GMO ingredients. US snack maker Utz Quality Foods accepted the backing of investment firm Metropoulos & Co. Nestle's third-quarter sales disappointed some in the investment community and we spoke to the director general of UK trade body the Food and Drink Federation about the impact Brexit could have on the sector.
This week, the UK government announced how it hopes to support the country's food exporters, French cheese giant Bel said a deal had been struck to buy a majority stake in dessert and snack maker MOM Brands and Brazilian meat group BRF said it plans to invest in the soon-to-be-listed pork arm of state-backed, Chinese agri-food operator COFCO.
Bazooka candy maker Topps Co. has promoted its president and chief operating officer, Michael Brandstaedter, to the post of CEO.
Nestle lowered its full-year sales forecast in an environment "marked by deflation" and soft pricing today (20 October) after reporting nine-month sales that missed analyst expectations.
South Korean prosecutors have reportedly indicted 22 Lotte officials, including founder Shin Kyuk-Ho and current chairman Shin Dong-bin, over corruption allegations.
The UK government today (18 October) set out its bid to increase the value of the country's food and drink exports by GBP2.9bn, with plans to target a select group of markets.
Confidence in the UK food and drink manufacturing sector is becoming "more fragile", industry association The Food and Drink Federation has claimed after a survey of its members - and Brexit is said to be a major factor.
Nestle, set to welcome a new CEO on 1 January, has announced more changes to the make-up of its senior management team.
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- Interview: UK trade body on the impact of Brexit
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