Chiquita Brands International

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

26 Aug 2014

This week, Russia eased off on its Western import ban, announcing a list of products it would allow into the country. Elsewhere, the takeover battle for Chiquita Brands International took a new twist when juice maker Cutrale Group called on the produce giant's shareholders to vote against its planned merger with Fyffes. Meanwhile, German food giant Dr Oetker struck a deal to buy McCain Foods' North American pizza business.

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

26 Aug 2014

Russia's food embargo still stands but this week it eased the ban to allow in some agricultural commodities to bolster its food production. The Chiquita takeover saga continued with bidders Cutrale Group and Safra Group appealing to the produce group's shareholders to vote against its merger with Fyffes. Elsewhere, we analysed the performance and outlook for Lindt & Sprungli and Hain Celestial, two companies enjoying robust growth.

Deal or no deal: Chiquita in play as investors bet on higher offer

18 Aug 2014

Chiquita Brands International has rejected a takeover approach from Brazilian juice maker Cutrale Group and investment firm Safra Group in favour of a prior agreement to merge with Ireland's Fyffes. However, the share price reaction suggests investors are betting a higher offer will come in for the US produce group. Katy Askew reports.

BRAZIL/US: Cutrale, Safra appeal to Chiquita shareholders

18 Aug 2014

Brazilian juice maker Cutrale Group and investment firm Safra Group have asked Chiquita Brands International's investors to vote against the produce giant's planned merger with Fyffes.

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

18 Aug 2014

Five months ago, Chiquita Brands International announced plans to merge with fellow banana supplier Fyffes. The deal was set to close by the end of the year. However, this week, an unsolicited takeover bid came in for Chiquita, which promptly rejected the offer. However, the suitors have indicated they may not go away easily. Elsewhere, our coverage of Russia's food embargo continued, we looked in-depth at the opportunities for growth in Japan in our latest management briefing and, in a new M&A column, we suggested Raisio sell up to private equity.

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

18 Aug 2014

This week, Chiquita Brands International was in the limelight as it received an unsolicited takeover bid from Brazilian juice maker Cutrale Group. Elsewhere, ConAgra Foods announced the closure of two popcorn factories in Ohio, and Campbell Soup Co.'s Plum Baby business announced its exit from the UK. just-food's management briefing series took a trip to Japan to see how food companies can succeed in a low-growth market.

UPDATE: US: Cutrale, Safra criticise Chiquita rejection

15 Aug 2014

Brazilian juice maker Cutrale Group and investment firm Safra Group have hit out at Chiquita Brands International for rejecting their takeover offer, arguing the move was a sign of the produce giant's record of destroying value for investors.

US: Chiquita rebuffs Cutrale, Safra takeover bid

15 Aug 2014

US produce giant Chiquita Brands International has turned down the unsolicited takeover bid from juice maker Cutrale Group and Brazilian investment firm Safra Group.

BRAZIL/US: Chiquita to "carefully review" Cutrale, Safra takeover bid

12 Aug 2014

Chiquita Brands International has said it will study the takeover bid for the producer giant from juice maker Cutrale Group and Brazilian investment firm Safra Group.

BRAZIL/US: Juice maker Cutrale launches Chiquita takeover bid

11 Aug 2014

Juice maker Cutrale Group has teamed up with Brazilian investment firm Safra Group to table a takeover bid for Chiquita Brands International, which is set to merge with produce supplier Fyffes.

US: Profits down but Chiquita confident of progress

7 Aug 2014

Chiquita Brands International saw earnings fall in its second quarter but its CEO expressed confidence over the produce giant's ability to improve its profitability.

IRELAND: Fyffes sales, adjusted earnings rise

14 May 2014

Irish banana group Fyffes booked an increase in sales and adjusted earnings in the first quarter but saw one-off costs related to its pending merger with Chiquita Brands International dent the bottom line.

US: Trident Seafoods to build plant in Georgia

16 Aug 2013

US processor Trident Seafoods is to invest US$41m in a new seafood processing plant in Georgia, creating 175 jobs.

US: Chiquita makes Q1 loss

9 May 2012

US produce group Chiquita Brands International has slipped to a net loss in the first quarter of the year as lower banana prices in key markets hit sales.

US: Chiquita appoints Kocher to replace Sims as CFO

22 Feb 2012

US produce group Chiquita Brands International has appointed a CFO to succeed Michael Sims who has left to join AdvancePierre Foods.

US: Chiquita FY profits remain flat

22 Feb 2012

US produce group Chiquita Brands International has posted flat profits for fiscal 2011 but said it plans to expand its Fresh Express business this year by growing its organic business.

US: Chiquita to move HQ to Charlotte

30 Nov 2011

US produce group Chiquita Brands International is to move its headquarters over 400 miles from Cincinnati to Charlotte.

Best bits: Firms tackle economic gloom

7 Nov 2011

There's been a sense of boldness from the world of food this past week, with companies making interesting moves into new products, acquisitions and territories.

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

7 Nov 2011

It's financial results season this week, with Kraft and Tate & Lyle performing strongly, while Chiquita and Whole Foods faltered. Diamond Foods' deal to buy Pringles from Procter & Gamble was delayed, prompting consternation among stockholders, and Portuguese retailer Jeronimo Martins announced extensive investments in Latin America. Click on the headlines for more.

US: Chiquita Brands loss widens in Q3

4 Nov 2011

Chiquita Brands International has posted a loss in its third-quarter, on the back of a decline in sales and an increase in costs.

US: Chiquita mulls headquarters move

14 Sep 2011

Chiquita Brands International has confirmed that it is considering moving its headquarters.

US: Chiquita fails to halt torture lawsuit

6 Jun 2011

Chiquita Brands International has failed to halt a civil lawsuit brought by around 4,000 Colombian citizens alleging that they or their relatives were tortured or killed by local militias funded by the company.

US: Chiquita returns to Q1 profit

6 May 2011

Chiquita Brands International has returned to a first-quarter profit as the European market stabilised and banana sales rose.

US: Chiquita issues Fresh Express spinach recall

6 Apr 2011

Chiquita Brands International is recalling nearly 3,000 cases of Fresh Express bagged spinach in the US due to a possible salmonella risk.

Comment: YoCream buy is Danone's latest move to diversify

26 Nov 2010

To some in the financial community, Danone's move to buy US frozen-yoghurt maker YoCream International this week may not - to use the jargon - have been "material" enough to warrant too much attention. However, the US$103m deal remains another significant sign of the French food giant's moves to diversify its business.

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

5 Nov 2010

This week has seen a raft of financial results that have given us a chance to gauge the health of the sector. It's been a mixed bag - Kellogg's sales and profits slid - but there were positives to take from the likes of Kraft Foods and Unilever. Elsewhere, Wal-Mart Stores has its eyes on emerging markets expansion, we have had analysis of Whole Foods Market's performance and a discussion of public health policy in Canada.

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

5 Nov 2010

Within a raft of trading updates this week, Kellogg and Chiquita Brands International posted disappointing results, although Unilever and organics retailer Whole Foods Market had better news for the market. Heinz is entering what may become a protracted series of negotations with its Wigan staff over wages, while rumours abound that Marks and Spencer may look to re-acquire the stores in western Europe that it sold in 2001. Here's the best of what was said this week.

US/EUROPE: Chiquita shakes up exec team

14 Oct 2010

Fresh produce group Chiquita Brands International has moved the head of its North American business to lead its operations in Europe and the Middle East.

US: FDA accuses Chiquita of breaking labelling rules

13 Oct 2010

The US Food and Drug Administration has warned produce giant Chiquita Brands International that the company has broken rules governing labelling and health claims.

US: Chiquita's Fresh Express in third salad recall in three months

12 Aug 2010

Fresh Express, a subsidiary of produce giant Chiquita Brands International, has recalled salad products amid a safety scare for the third time in three months.

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