The week saw Brazil’s President, Michel Temer, take aim at the country’s largest meat processor, JBS, in a row over alleged corruption. Mexico’s Grupo Bimbo, the world’s largest bakery group, entered India, with an investment in local player Ready Roti. And Campbell Soup Co. invested in US online meal-kit supplier Chef’d. Click on the headlines for more.
JBS ‘plans assets sale’ as Brazil president accuses meat giant’s chairman
Brazilian meat giant JBS has reportedly hired an investment bank to help plan a sale of some assets to pay a fine to settle allegations arising from a corruption probe that has engulfed the firm, top executives and politicians – including the country’s president.
Brazil President Michel Temer takes aim at JBS bosses amid corruption claims
Brazil’s President, Michel Temer, has pledged to take legal action to suspend an investigation into allegations he was involved in a corruption scandal that has engulfed national meat giant JBS.
Grupo Bimbo gains foothold in India with Ready Roti investment
Grupo Bimbo, the world’s biggest baked goods manufacturer, has muscled its way into the Indian market with the acquisition of a majority stake in Ready Roti India.
Campbell invests in US online meal-kit firm Chef’d
Campbell Soup Co. has become a shareholder in Chef’d, the US online meal-kit business.
India releases GST tax rates for food as deadline looms
Jam, instant cooking mixes, pasteurised butter and several other processed food items have been placed in a higher tax bracket under India’s new Goods and Services Tax (GST) regime, to be levied from 1 July.
India’s new GST tax regime comes in for criticism – just-food analysis
Greencore preparing to close UK desserts facility
Ireland-based convenience food group Greencore has started talks aimed at shutting down its chilled desserts production plant at Evercreech in the UK next year.
Danone invests in Fan Milk arm in Ghana
Danone has added production lines at a plant in Ghana run by Fan Milk, the African business in which the French group has a majority stake.
Ferrero to launch Kinder egg variant in US
Ferrero has confirmed plans to launch a version of its Kinder Egg in the US – Kinder Joy – early next year.
Lactalis set to acquire German dairy Omira
French dairy giant Lactalis is set to acquire German dairy group Omira for an undisclosed sum, it was announced today (23 May).
Dunbia forms venture with Dawn Meats ahead of Brexit “uncertainty”
Northern Ireland meat group Dunbia said today (24 May) it had agreed to establish a majority-owned joint venture with peer Dawn Meats, based across the border in the Republic of Ireland, to comprise the UK operations of both firms.