A Brazilian court has ruled that the court-appointed administrator of the Brazilian arm of Parmalat should remain in his position, despite attempts by the company to return control to former CEO Ricardo Goncalves.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


An injunction granted at the beginning of March sought to return control of Parmalat Brasil Industria de Almintos to Goncalves, who had relinquished control in February when a Sao Paulo judge appointed Keyler Carvalho Rocha to run the company after it filed for bankruptcy, reported Reuters.


However, a new court ruling has ordered the control of the company to remain with Rocha for the time being.


“Now we’re back to where we were before the injunction, with the court-appointed management in charge,” a spokeswoman for Parmalat Brasil’s press office was quoted by Reuters as saying.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now