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Thai Union quits Middle East venture

22 Feb 2021

The Thailand-based seafood giant is selling up and leaving a venture signed six years ago after the business failed to hit expectations.

Earnings summary - Kraft Heinz FY sales fall; Campbell H1 sales drop on volumes in 'challenging' US; Danone boosted by WhiteWave synergies; J.M. Smucker Q3 food sales fall

16 Feb 2018

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

Savola CEO Rayan Fayez quits

15 Nov 2017

Savola CEO Rayan Fayez has resigned from the Saudi Arabia-based food manufacturer and retailer after less than two years in the job.

Saudi's Savola Group 'in talks to buy confectioner Sannabel Al-Salam'

2 Oct 2017

Saudi Arabia's largest food group Savola has been linked with a US$300m bid to acquire confectionery manufacturer and retailer Sannabel Al-Salam.

Savola profit falls on lower Q1 sales, margins

12 May 2017

Saudi Arabian food group Savola has reported a 96% fall in first-quarter net profit.

Egypt impairment charge weighs on Savola's food arm

23 Jan 2017

Savola has reported a fall in annual sales and earnings from its food division amid an impairment on the Saudi Arabia-based group's food manufacturing business in Egypt.

Savola posts 53.3% fall in Q3 net profit

28 Oct 2016

Saudi Arabian food group Savola has booked a 53.3% fall in net profit in interim third-quarter financial results for 2016.

Savola Q1 profits plunge on higher expenses

20 Apr 2016

Profits at Saudi Arabian food group Savola have plunged in the first quarter.

Savola subsidiary to get US$100m investment from EBRD

30 Mar 2016

The European Bank for Reconstruction and Development (EBRD) has announced a US$100m equity investment into United Sugar Company of Egypt, a subsidiary of Egypt's Savola Group.

Savola appoints Rayan Mohammed Fayez as CEO

20 Jan 2016

Saudi Arabian food group Savola has appointed a new CEO. 

Savola posts FY profit drop on charges

20 Jan 2016

Saudi's Savola Group has posted a fall in annual profits.

Savola posts Q3 profit fall

20 Oct 2015

Saudi Arabia's Savola Group has reported a dip in third quarter profits.

Americana denies bid receipt

10 Sep 2015

Kuwait Food Co. has said it is not aware of any bids for a stake in the company after reports Saudi Arabia's Savola Group and Singapore investment fund Temasek Holdings had made an offer for the business.

Thai Union, Savola eye Middle East seafood sales with JV

8 Sep 2015

Thai Union Frozen Products and Saudi group Savola have established a joint venture to sell seafood products including the John West brand in the Middle East.

Savola, Temasek 'in joint bid for Americana'

7 Sep 2015

Saudi Arabia's Savola Group has reportedly tabled a joint bid with Singapore investment company Temasek Holdings for Kuwait Food Co.

How attractive could Iran be for food majors?

19 Aug 2015

The easing of decade-long economic sanctions on Iran lifted could open a potentially attractive market for international food makers, with access to a population of 80m consumers, a majority of which is under 35 and increasingly on the lookout for branded goods. However, establishing a foothold is unlikely to be straightforward. Hannah Abdulla reports.

Food industry results in brief - Yakult, Pilgrim's Pride, Lala

31 Jul 2015

The results announced this week included improving sales and profits at Yakult, better earnings but lower sales at US poultry group Pilgrim's Pride and growth at Mexican dairy processor Grupo Lala.

Food industry results in brief: Ornua, Cloetta, Gruma

24 Apr 2015

First-quarter numbers came in from the likes of European confectionery Cloetta and Mexican business Gruma. The Irish Dairy Board, now known as Ornua, reported its full results for 2014. Here's our weekly round-up of companies' financial results.

Savola halves original Q1 forecast

19 Mar 2015

Saudi food group Savola has said it will miss its previously stated profit forecast for the end of the first quarter by about 50%.

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