Russia’s food embargo still stands but this week it eased the ban to allow in some agricultural commodities to bolster its food production. The Chiquita takeover saga continued with bidders Cutrale Group and Safra Group appealing to the produce group’s shareholders to vote against its merger with Fyffes. Elsewhere, we analysed the performance and outlook for Lindt & Sprungli and Hain Celestial, two companies enjoying robust growth.
RUSSIA: Moscow eases ban on food imports
Russia has announced it is easing some of the restrictions it has imposed on food imports.
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BRAZIL/US: Cutrale, Safra appeal to Chiquita shareholders
Brazilian juice maker Cutrale Group and investment firm Safra Group have asked Chiquita Brands International’s investors to vote against the produce giant’s planned merger with Fyffes.
Click here for just-food’s analysis of the Chiquita takeover saga.
On the money: Solid Lindt outpaces chocolate peers
Lindt & Sprungli, the upmarket Swiss chocolate group, today (19 August) underlined why it is a business seen as one of the better performers in the sector.
On the money: Hain Celestial eyes distribution gains, NPD for growth
Hain Celestial, the US natural and organic food group, has indicated that it expects to drive continued organic growth in the coming year – even as it laps tough comparables – by expanding distribution and leveraging its innovation pipeline in the US and internationally.
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By GlobalDataOn the money: Hormel still looking for M&A
US group Hormel Foods has been busy looking for acquisitions in recent quarters, succeeding in some places and apparently being thwarted elsewhere. Announcing its third-quarter results yesterday (21 August), the Skippy peanut butter maker indicated it was ready to make more deals.
AUSTRALIA: Campbell biscuit arm Arnott’s to shake up production
Arnott’s, Campbell Soup Co.’s Australia-based biscuit business, is to revamp production to improve efficiency and use spare capacity.
UK: Pork Farms buys Kerry Group’s pastry plants
UK firm Pork Farms has snapped up Kerry Group’s chilled savoury pastry business in Poole and Spalding for an undisclosed sum.
ZIMBABWE: Nestle hits out at “cheaper state imports”
Nestle has told just-food it is not pulling out of Zimbabwe, despite raising concerns it is facing unfair competition from cheap imports.
Shopper trends: FMCG sales under pressure despite economic green shoots
There are signs of economic recovery across much of Europe but grocery sales remain under pressure. IRI’s Tim Eales analyses why and suggests how retailers and manufacturers can try to drive growth.
