Brazil remained in the international business headlines this week as a number of markets put restrictions on the country’s meat imports after it launched a probe into the industry. Further north in the US, Kraft Heinz announced more job cuts, General Mills faced more questions about its sales performance and meal-kit service Blue Apron diversified with the acquisition of meat supplier BN Ranch. In Europe, the UK’s food manufacturers said they would miss the government’s target to cut sugar.
Brazil seeks to cool concerns over meat probe
Brazil, facing an increasing number of countries putting restrictions on its meat exports, has attempted to emphasise its probe into alleged corruption in the country’s meat industry is focusing on specific incidents and to talk up the quality of production.
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Kraft Heinz cuts jobs in US, Canada
Kraft Heinz has announced another wave of job cuts in North America.
UK food firms say voluntary sugar target “impossible” by 2020
The UK’s Food and Drink Federation said today (22 March) it would “not be technically possible or acceptable to consumers” to meet a voluntary target – issued last year by the country’s government – to cut the sugar in products in nine categories by 20% by 2020.
India introduces minimum shelf life requirements for food imports
New regulations have come into force in India banning imports of food products with a shelf life of less than 60%.
General Mills sales woes continue – analysis
General Mills this week reported another quarter of falling sales, leading industry watchers to wonder if the US food giant will lessen its focus on its margin target but, more critically, whether the company can revitalise its top line. Hannah Abdulla reports.
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By GlobalDataUK own-label firm Park Cakes acquired in management buy-out
Park Cakes, the UK own-label cake and dessert supplier, has been acquired in a management buy-out from private-equity firm Vision Capital.
US meal kit delivery service Blue Apron buys BN Ranch
US meal kit delivery service Blue Apron has acquired US-based meat producer BN Ranch for an undisclosed sum.
Inventure Foods sells Fresh Frozen Foods unit to Pictsweet
Inventure Foods has offloaded its Fresh Frozen Foods arm to fellow US vegetable supplier The Pictsweet Company.
German confectioner Haribo plans first US production plant
Haribo, the Germany-based confectionery giant, has announced plans to acquire a property in Wisconsin to launch its first production site in the US.
