Chiquita Brands International

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Chiquita 9M profits benefit from lower costs despite sales fall

6 Nov 2015

Nine-month profits at Chiquita Brands International have benefited from lower charges, despite the produce group posting lower sales due to poorer banana volumes.

Fyffes plans price hikes

30 Apr 2015

Ireland-based banana group Fyffes has said it is pursuing price hikes in an attempt to offset currency fluctuations, in particular the strengthening of the US dollar against the euro and sterling.

Safra executive Darcilo Santos becomes Chiquita CFO

23 Jan 2015

Chiquita Brands International has named Darcilo Santos, an executive from Safra Group, the Brazilian investment firm that took the produce giant private last year, as its new CFO.

2014 in review: the year's most-read news stories on just-food

15 Dec 2014

The takeover battles for Chiquita Brands International and for Hillshire Brands were among the stories that grabbed your interest in 2014.

Chiquita sales rise but losses continue

6 Nov 2014

Chiquita Brands International has reported steady third-quarter losses despite higher sales in the period.

Food industry news of the week: Chiquita, Yashili, Q3 results

31 Oct 2014

After seven months, this week saw the uncertainty over Chiquita Brands International's future all but end with the US produce giant agreeing to a US$681m takeover bid from Brazil's Cutrale Group and Safra Group. Elsewhere, Danone announced moves to enter mass-market infant formula in China with an investment in local player Yashili International Holdings.

Editor's viewpoint: Short-termism decides Chiquita's future

27 Oct 2014

The imminent sale of Chiquita Brands International, the US produce giant, shows how different investment horizons can manifest on a company's share roster - and decide a business's future.

Timeline: The latest on the battle over Chiquita's ownership

27 Oct 2014

Chiquita Brands International, which had lined up a merger with fellow banana supplier Fyffes, has become the subject of takeover interest from Brazilian firms Cutrale Group and Safra Group. And that interest is developing into a tussle for the future ownership of the US produce giant. just-food provides a digest of the most significant events so far.

Chiquita board accepts Cutrale, Safra takeover bid

27 Oct 2014

Chiquita Brands International's board has accepted the US$14.50-a-share takeover offer from Brazilian juice maker Cutrale Group and investment firm Safra Group.

Food industry news of the week: Chiquita, Premier Foods, LDC

24 Oct 2014

The most eye-catching story came on Friday with the surprise news Chiquita Brands International shareholders had voted against the US produce group's plan to merge with Fyffes.

Chiquita shareholders reject Fyffes merger

24 Oct 2014

Investors in Chiquita Brands International today (24 October) voted against the US produce giant's plan to merge with Ireland-based peer Fyffes.

Editor's choice: the highlights on just-food last week

20 Oct 2014

Nestle came under investor scrutiny last week after its sales missed analyst expectations - with China a central factor. Elsewhere, we looked at the international strategy of one of China's largest food makers - Bright Food - in the wake of its acquisition of Italian olive oil firm Salov. And we spoke to the president of US investment firm BBX Capital after six acquisitions in the US confectionery sector in a year.

Quote, unquote: just-food's week in words

20 Oct 2014

Last week, Chiquita Brands International received an increased takeover bid from Brazilian suitors Cutrale Group and Safra Group - but it was still not enough to win over the US produce giant.

Editor's viewpoint: Chiquita right to stand firm

20 Oct 2014

Chiquita Brands International still appears set on its proposed merger with Fyffes – and the US produce giant is, at the moment, right to do so.

Chiquita rebuffs sweetened Cutrale-Safra bid

17 Oct 2014

The board of Chiquita Brands International has once again rejected takeover advances from Cutrale Group and Safra Group, insisting their improved offer is still not in the best interests of shareholders.

Fyffes hits out at new Chiquita bid from Cutrale, Safra

16 Oct 2014

Fyffes has dismissed the new takeover bid from Cutrale Group and Safra Group for its proposed merger partner Chiquita Brands International.

Cutrale, Safra up takeover bid for Chiquita

15 Oct 2014

Cutrale Group, the Brazilian juice maker, and investment firm Safra Group have upped their takeover bid for Chiquita Brands International.

Chiquita expects Q3 sales, earnings improvement

15 Oct 2014

Takeover target Chiquita Brands International has said it expects to book higher third-quarter sales and comparable earnings.

Quote, unquote: just-food's week in words

29 Sep 2014

This week Tesco found itself under more scrutiny after it overstated expected profits for the first half of the year by GBP250m. Fonterra and Diamond Foods both reported a slump in annual profits but were optimistic about their prospects. Elsewhere Fyffes, Chiquita and Cutrale and Safra continued to go at each other as the former two announced a revised deal for shareholders if they were to merge. Here is the week in quotes.

UPDATE: Fyffes "hoodwinking" Chiquita investors, argues Cutrale, Safra

26 Sep 2014

Fyffes is attempting to "hoodwink" investors in proposed merger partner Chiquita Brands International, the Brazilian bidders for the US produce giant have claimed this afternoon (26 September).

Chiquita, Fyffes change merger deal to fend off Cutrale-Safra bid

26 Sep 2014

Chiquita Brands International and Fyffes have revised the terms of their deal to merge, in a bid to fend off the takeover bid for the US produce group from Brazilian bidders Cutrale Group and Safra Group.

Editor's choice: the highlights on just-food last week

15 Sep 2014

M&A was once more a focus on just-food as consolidation of the food sector continued. US natural and organic food group Annie's was snapped up by General Mills.

US/BRAZIL: Cutrale, Safra to look at Chiquita books

10 Sep 2014

Chiquita Brands International said today (10 September) it would allow Brazilian bidders Cutrale Group and Safra Group to conduct due diligence on the produce giant.

UPDATE: BRAZIL/US: Cutrale, Safra hit out at Chiquita talks timetable

8 Sep 2014

Cutrale Group and Safra Group today (8 September) insisted Chiquita Brands International has laid down "absurd and unacceptable" conditions for talks to take place over a possible takeover.

US/IRELAND: Chiquita to hold talks with Cutrale, Safra

8 Sep 2014

Fyffes has allowed prospective merger partner Chiquita Brands International to hold talks with Cutrale Group and Safra Group, the Brazilian firms that have tabled a rival bid for the US produce giant.

Quote, unquote: just-food's week in words

1 Sep 2014

This week, the EU announced more measures to help out dairy farmers hit by the Russia ban. Chiquita and Fyffes insisted again a merger between the two would be the best outcome for shareholders. Our latest just-food interview saw us discuss Agropur's M&A strategy with the Canadian dairy co-op's CEO, while we chatted to Scandinavian free-from firm Fria about its expansion across Europe.

US: Chiquita mulls lawsuit over NGO allegations

31 Aug 2014

Chiquita Brands International is considering whether to sue an NGO that has issued a lawsuit over the banana supplier's alleged false marketing claims.

US: Chiquita hit with banana marketing lawsuit

29 Aug 2014

Chiquita Brands International uses "unfair and deceptive" marketing for its bananas, an NGO that works on developing sustainable water systems has claimed in a lawsuit.

IRELAND: Fyffes raises profit forecast on "strong" H1

27 Aug 2014

Irish fruit group Fyffes has upped its full-year earnings guidance after a "strong" first half when EBITA jumped 36.5%.

US/IRELAND: Chiquita, Fyffes up savings target in defence of merger

27 Aug 2014

Chiquita Brands International and Fyffes have raised their forecasts for the synergies they expect their merger to create, with the US produce company the subject of a takeover bid from Brazilian firm Cutrale Group and Safra Group.

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