Blog: Kraft deal sweetens Barry Callebaut shares
Dean Best | 9 September 2010
Today's (9 September) announcement that Barry Callebaut has signed a fresh agreement with Kraft Foods to supply the US food giant with cocoa and chocolate sent the Swiss firm's shares soaring.
And as we outline here, the agreement is a further sign of the strength of Barry Callebaut's business model. Barry Callebaut CEO Juergen Steinemann has long espoused the business benefits for the big chocolate brand-owners of outsourcing production to companies like the one he leads.
Looking at the near 6% rise in Barry Callebaut's share price today, the market has been reminded of the benefits outsourcing also has to the Swiss chocolate maker, which is by far the largest supplier in a sector where outsourcing seems set to continue, particularly given pressure on commodity costs.
To follow on from our earlier notice and after some hard work from our technical team, just-food is back live after today's power outage....
Much of the UK has felt the impact of Storm Doris today - and just-food's head office has been no exception....
A year after union officials alleged Fyffes abused workers on plantations in Central America - and called on the produce giant to be kicked out of the Ethical Trading Initiative forum - the company is...
Much of the chatter about where 3G Capital could look next has centred on packaged food - but might the private-equity fund be about to extend its foodservice empire?...
- US food next wave on display at Winter Fancy Food
- How General Mills plans to grow - CAGNY
- Comment: Meal kits in US - don't believe the hype
- Does Kraft Heinz want to swallow Unilever whole?
- Wessanen eyes growth in "resurgent" organic market
- Unilever launches operational review
- Kerry operating earnings strengthen on slow sales
- Glanbia focuses on nutrition with Irish dairy spin
- Kerry's Scanlon to replace McCarthy as CEO
- Mondelez launches savoury snacks brand Vea