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The company needs “additional time” to complete work on its “inventory balances”, including sums set aside for “excess and obsolete inventory”.
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When the deal is finalised, Nissin’s stake will rise to 70% from 49%.
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The retailer has acquired the business from Old Mutual Private Equity for an undisclosed sum.
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“This transaction represents a deliberate and strategic step in aligning our portfolio with our long-term growth priorities,” CEO Richard Pandohie said.
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Matt Frost, Glacier’s executive director, discusses the company’s aspirations with Just Food’s Simon Harvey.
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“Consumers are hungry for protein options,” PepsiCo said.
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Anecoop said the addition of Marfruit will increase the company’s fruits and vegetable offering by around 50,000 tonnes.
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In a statement, the Peruvian consumer goods group said it would take control of Flora’s operations across seven markets in the region.
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