JBS, one of the world’s largest meat processors, found itself in the headlines this week after a court in Brazil reportedly ordered its CEO to temporarily step down from the role. Elsewhere in Latin America, Danone struck a deal to sell its business in Chile to local group Watt’s. Further north, US group Hormel Foods named a new CEO, while, across the pond in Europe, Spain-based olive oil business Deoleo also hired a new chief. In France, there were calls for Paris to levy a tax on high-calorie food. Click on the headlines for more.
JBS chief Wesley Batista ‘suspended from role by court order’
Wesley Batista, the CEO of JBS, the Brazil-based meat giant, has reportedly been ordered to step down from the role by a court order in the country.
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Danone to sell Chile arm to local group Watt’s
Danone has sold its Chilean business to local food producer Watt’s, the Latin American business announced today (7 September).
France should tax high-calorie food – government agency
Taxing high-calorie or lower nutritional quality foods would reduce France’s growing obesity problem, a study released by a government agency has concluded.
Hormel Foods appoints COO James Snee new CEO
Hormel Foods is promoting its president and chief operating officer James Snee to the post of CEO.
Fyffes acquires Canada’s All Seasons Mushrooms
Fyffes, the Irish produce company, has acquired Canadian mushroom group All Seasons Mushrooms for CAD59.1m (US$45.9m).
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By GlobalDataDeoleo names new CEO, creates executive chair role
Spain-based olive oil producer Deoleo has made another two changes to its senior management, appointing a new CEO and creating the role of new executive chairman.
Yildiz to invest in Turkey as “chocolate base” for Pladis
Turkish conglomerate Yildiz Holding has announced plans for its domestic market to become the group’s “base” for chocolate production and for the manufacture of new chocolate products for its snacks subsidiary, Pladis.
Indofood sells China Minzhong stake to CEO-backed vehicle
Indofood is to sell its 82.88% stake in Singapore-listed vegetable processor China Minzhong Food Corp. to Marvellous Glory Holdings – an investment vehicle indirectly owned by the Indonesia-based food group’s president Anthoni Salim – for SGD651.9m (US$484.1m).
UK’s FSA responds amid warning on antibiotics overuse in food chain
The UK’s Food Standards Agency (FSA) is preparing to release the results of its tests on meat and other produce for antimicrobial resistance after campaigners published new research indicating the overuse of antibiotics in farming is contributing to drug resistance.
Mondelez eyeing growth in US chocolate
Mondelez International has outlined its latest plans of how it aims to grow in the US chocolate market, where it is extending its organic Green & Black’s chocolate range and launching cross-branded Milka and Oreo items.
