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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.

Food majors invest in cell-based seafood firm BlueNalu

26 Feb 2020

BlueNalu, a US-based firm focused on cell-based seafood, has revealed the participants of a US$20m round of investment in the business.

New products - Tyson introduces Air Fried Chicken; Halo Top goes "indulgent" in the UK; Good Hemp debuts CBD-infused milk; Danone rolls out Alpro soy drinks

25 Oct 2019

This week's batch of new product launches includes CBD-infused milk from Good Hemp high-protein soy drinks from Alpro and "indulgent" ice creams from Halo Top.

Fyffes kicked out of Ethical Trading Initiative

26 Mar 2019

The Ethical Trading Initiative (ETI) has made a decision about fresh produce group Fyffes' membership of the organisation.

Fyffes avoids expulsion from ethical trading body

19 Sep 2017

Fyffes has avoided outright expulsion from the Ethical Trading Initiative - from which the Ireland-based tropical fruit group is suspended - but it may be only a temporary reprieve.

Fyffes to hold talks aimed at lifting Ethical Trading Initiative suspension

9 May 2017

Irish produce company Fyffes told just-food today (9 May) it will hold talks with the International Union of Food Workers (IUF) aimed at ending the firm's suspension from the Ethical Trading Initiative.

Fyffes suspended from Ethical Trading Initiative

9 May 2017

Irish produce company Fyffes has been suspended from its membership of the Ethical Trading Initiative (ETI),  the UK multi-stakeholder partnership aimed at improving conditions in agricultural and manufacturing supply chains.

Japan's Sumitomo makes play for Fyffes 

9 Dec 2016

Fyffes has agreed to an all-cash takeover offer from Japanese banana-to-transportation conglomerate Sumitomo Corp. that values the Irish produce group at around EUR751.4m (US$978m).

Fyffes raising funds for further acquisitions 

16 Sep 2016

Irish produce company Fyffes could raise around EUR40m (US$44.9m) to fund further acquisitions through a share placement. 

Fyffes acquires Canada's All Seasons Mushrooms

8 Sep 2016

Fyffes, the Irish produce company, has acquired Canadian mushroom group All Seasons Mushrooms for CAD59.1m.  

Fyffes books H1 sales and profits boost

2 Sep 2016

Fyffes, the Ireland-based fresh produce group, this morning (2 September) reported higher half-year sales and profits.

Fyffes raises outlook on M&A

29 Apr 2016

Irish produce group Fyffes raised its full-year outlook this morning (29 April) to reflect the expected contribution of recently acquired business Highline Produce. 

Fyffes acquires Canada mushroom processor Highline Produce

1 Apr 2016

Fyffes has announced the acquisition of Canadian mushroom producer Highline Produce in a C$145m deal.

Fyffes achieves "step-up" in profitability 

26 Feb 2016

Irish produce group Fyffes reported higher comparable earnings as it achieved a "step-up" in profitability in 2015. 

Food industry quotes of the week: PepsiCo, Campbell Soup Co., CSM Bakery Solutions

23 Oct 2015

The UK debate over sugar intensified this week with Public Health England calling for a series of measures to reduce consumption. In the US, Campbell Soup Co. and The Schwan Food Co. both made pledges to simplify the ingredient panels in some of their products. In China, PepsiCo announced the opening of the first Quaker Oats plant in the country. Here is the week in quotes.

Fyffes outlines banana, melon investment

21 Oct 2015

Fyffes, the Ireland-based produce group, has snapped up banana and melon farms in Central America.

Fyffes posts H1 jump in sales, profits

27 Aug 2015

An improved performance from Fyffes' banana and pineapple businesses has led the produce giant to report a lift in first-half profits and sales.

Fyffes raises EBITDA target

19 Jun 2015

Irish banana group Fyffes has raised its EBITDA target on the back of "strong earnings growth".

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.

Fyffes reports FY profit increase, "actively pursuing" M&A

27 Feb 2015

M&A remains part of Fyffes' plans for growth, the fresh produce group said today (27 February) as it announced a jump in annual profits.

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.

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.

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 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.

Food industry quotes of the week: Chiquita, Unilever, SIAL 2014

24 Oct 2014

A busy week in the food industry calendar, with the SIAL exhibition in Paris, ended with a shock announcement: Chiquita Brands International's shareholders rejected the company's plan to merge with Ireland's Fyffes. Elsewhere, we heard third-quarter updates from Unilever, Premier Foods and Mead Johnson.

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.

Cutrale, Safra increase Chiquita takeover offer again

23 Oct 2014

Cutrale Group and Safra Group have returned to the bargaining table with an increased offer of US$14.50 per share for Chiquita Brands International.

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.

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.

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.






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