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Simon Harrison is leaving his position “to pursue a new opportunity”, Princes said.
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The UK food group booked a 9.5% rise in annual revenues, which contributed to a near 18% increase in profits.
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The leadership change comes as Alfred Ritter grapples with a difficult trading environment.
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“With the planned concentration of production, we aim to improve production efficiency, profitability and competitiveness,” Valio said.
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Wesley Batista, the CEO of JBS Beef North America, points to another year of negative margins for the Brazilian meat giant’s US operations.
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The Spanish business is diversifying into own label and co-manufacturing but also evolving its branded portfolio.
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Premier Foods’ plans for international growth “will be a combination of organic and probably inorganic”, CEO Alex Whitehouse said.
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“We're going to be seeing the trend stay longer than others,” the Cerealto boss says of the spreading GLP-1 wave.
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