This week, Tyson sold its Brazilian and Mexican operations to JBS in the deal of the week and Kellogg was forced to let staff back in at its Memphis plant after a nine-month lockout. Here is the week in quotes.
“We are unable to invest fast enough because there are bottle-necks in execution due to permissions, obstacles in our path” – ITC chairman Y.C. Deveshwar complains the firm has not been able to expand as quickly as it would have liked due to bureaucratic challenges in India.
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“Rosselkhoznadzor considers it necessary to introduce from 1 August 2014 as a temporary emergency phytosanitary measures restrictions on imports to Russia from Poland and Polish imports through third countries” – The Russian food safety watchdog announces a ban on Polish fruit and veg, allegedly said to be a reaction to the EU’s sanctions imposed on the country.
“We stand by our position that our proposals are entirely lawful and appropriate for local negotiations, however we will fully comply with the order” – Kellogg Memphis is ordered to end a nine-month lockout in which it locked out 200 staff after negotiations on contracts broke down.
“Chobani had been “refused permission to appeal” on the grounds “the appeal does not raise a point of law of general public importance” – The UK Supreme Court denies Chobani’s request to appeal an injunction over the use of the term ‘Greek Yoghurt.
“When the mailing was distributed in July 2013, the claims were put together in good faith based on the information and guidance available at that time” – A spokesperson for Danone Nutricia defends the firm’s position over a ruling by the UK advertising watchdog that has seen one of its ads banned.
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By GlobalData“At Quest Nutrition our goal is to revolutionise food by making healthy versions of traditionally unhealthy foods that people love to eat” – Quest Nutrition president and co-founder Tom Bilyeu announces plans to launch a crisps line.
“We welcomed these audits and we are pleased the FSA has worked with typical rigor and thoroughness” – CEO of 2 Sisters Food Group Ranjit Singh announces the firm has passed an FSA audit after its two plants became the centre of food safety allegations.
“In the short term, we’ll use the sale proceeds to pay down debt associated with our acquisition of Hillshire Brands. Longer term, we remain committed to our international business and will continue to explore opportunities to extend our international presence” – Tyson CEO Donnie Smith announces the sale of its Mexican and Brazilian operations to JBS.
