Fonterra

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Big Food's stake in the future – in-house venture-capital funds

10 Nov 2020

Minerva is the latest food major to have used its in-house venture-capital unit to invest in an up-and-coming firm in a niche area. Here's our guide of notable VC arms.

Fonterra sells dairy farms in China

5 Oct 2020

New Zealand dairy heavyweight Fonterra has revealed it has sold its farms in a key Asian market to a local dairy group and a venture capital firm.

Covid-19 food industry updates – Friday 18 September (free to read)

18 Sep 2020

just-food is providing daily updates on how the Covid-19 pandemic is affecting the world's packaged food sector.

Fonterra snaps up Australia cheese business Dairy Country

11 Sep 2020

New Zealand dairy major Fonterra is to buy an Australia-based cheese business for AUD19.2m (US$14.0m), it has been announced.

Fonterra expands in China with plans for R&D centre in Shanghai

28 Jul 2020

Fonterra, the world's largest dairy cooperative, has detailed its expansion plans for a key Asian market in which it already has a presence.

Pizza to children's snacks – the fuel for cheese sales in China

26 Jun 2020

just-food's China columnist Peter Peverelli looks at the expanding market for cheese in China and sets out areas for manufacturers to exploit.

Investor spotlight on animal protein over "pandemic risk"

3 Jun 2020

The global animal-protein industry is "vulnerable to zoonotic outbreaks and guilty of creating them", new research from an international investor group has claimed.

Fonterra joins investment round in German meal replacement start-up YFood

21 Apr 2020

A group of investors, including a major player in the dairy sector, has funnelled new funds into German meal replacement start-up YFood Labs.

Coronavirus - Fonterra workers test positive at Edendale distribution site

9 Apr 2020

New Zealand-based dairy giant Fonterra said two of its employees had tested positive for Covid-19 and the facility in question has been closed for deep cleaning.

Fonterra chairman John Monaghan to step down

5 Mar 2020

Fonterra, the New Zealand dairy heavyweight, has announced that one of its senior executives is to retire in November.

Fonterra maintains earnings forecast but coronavirus still a threat

27 Feb 2020

Fonterra said it could feel the impact of the coronavirus outbreak in China on its foodservice division but is maintaining its earnings outlook.

Fonterra takes control of Chile milk processor Prolesur

19 Dec 2019

New Zealand dairy business Fonterra has sought to "streamline" its operations in Chile by purchasing a further interest in milk processor Prolesur.

Fonterra in new China push as regional CEO appointed

19 Dec 2019

Fonterra, the New Zealand-based dairy giant, has reinforced its commitment to the Chinese market through a key regional appointment.

Fonterra enters R&D venture with China's By-Health

23 Oct 2019

New Zealand-based dairy cooperative Fonterra has entered a research and development partnership with China's By-Health Co.

Fonterra brings in transformation specialist Fraser Whineray as its first COO

8 Oct 2019

New Zealand dairy giant Fonterra has brought in additional help to implement its new strategy by appointing a transformation specialist as its first ever chief operating officer.

Fonterra announces new strategy after posting record loss

26 Sep 2019

New Zealand dairy giant Fonterra, the world's largest dairy exporter, has unveiled a new strategy after posting its annual results.

Fonterra to reduce debt after DFE Pharma stake sale

25 Sep 2019

New Zealand dairy giant Fonterra has sold its 50% share in a joint-venture company to a fund managed by UK private-equity firm CVC Capital Partners.

Fonterra, Arla feature among global dairy firms in combined sustainability push

23 Sep 2019

Dairy industry leaders have today (23 September) announced their support for the Sustainable Dairy Partnership (SDP).

Fonterra announces date for delayed annual results and new strategy reveal

17 Sep 2019

New Zealand dairy giant Fonterra has announced the date for reporting its delayed annual results and announcing its new strategy plans.

Fonterra said to be considering shedding staff

11 Sep 2019

Reports in the New Zealand media suggest the embattled Kiwi dairy business Fonterra is planning to take action that will impact employee numbers. 

Fonterra delays annual results due to previously-announced write-downs

6 Sep 2019

Fonterra is delaying the publication of its annual results by more than two weeks amid "significant accounting adjustments".

Fonterra introduces top earners pay freeze as part of turnaround plan

4 Sep 2019

Embattled New Zealand dairy giant Fonterra has actioned a new cash-saving initiative linked to salaries and bonuses.

Fonterra to post second straight annual loss amid NZD860m impairment charges

12 Aug 2019

New Zealand dairy cooperative Fonterra expects to make a loss for the second year running amid impairment charges on certain "overvalued" assets.

Fonterra to sell stake in China's Beingmate

7 Aug 2019

New Zealand dairy giant Fonterra has made a decision regarding its stake in China-based baby and infant-food business Beingmate in which it has an 18.8% holding.

Fonterra proposes more jobs cuts in Australia

18 Jul 2019

Fonterra, the world's largest dairy cooperative, is proposing to cut more jobs in Australia as part of a previously-launched review of group operations.

Fonterra to cut back on coal as part of sustainability push

18 Jul 2019

New Zealand dairy giant Fonterra has announced a new fuel initiative linked to its sustainability goals.

Fonterra seeks to reassure investors after share slump

5 Jul 2019

Shares in Fonterra closed higher today (5 July) after the finance chief of the world's largest dairy cooperative attempted to calm market nerves.

Fonterra sets new 2025 target for recyclable packaging

2 Jul 2019

New Zealand dairy cooperative Fonterra has announced new targets to tackle waste, saying it wants all of its product packaging to be recyclable, reusable or compostable by 2025.

Fonterra banks $43m from Foodspring deal

28 Jun 2019

New Zealand dairy cooperative Fonterra has revealed it is to benefit from a deal announced yesterday (27 June) involving the US confectionery giant Mars.

Mars to buy majority stake in German nutrition company Foodspring

27 Jun 2019

US confectionery heavyweight Mars Incorporated is acquiring a majority stake in a German direct-to-consumer nutrition business.

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