Brittany’s struggling food firms are set to benefit from a EUR15m (US20.5m) package of emergency state aid to the region’s industry, the Ministry of Agriculture has announced.
In recent weeks a number of Brittany’s food firms – Doux, Gad, Marine Harvest and Jean Caby – have announced significant job losses and cutbacks in activity
amid poor market conditions.
Go deeper with GlobalData
The aid will be administered by state food and fisheries agency, AgriMer, on a case-by-case basis and is designed to take the pressure off of firms’ cash-flows.
However, Food minister, Guillaume Garot, has ruled out specific financial aid to Brittany poultry groups, Doux and Tilly-Sabco who have been hit hard by the European Commission’s decision to end subsidies to support exports outside the EU.
Yesterday, some supermarket outlets in Brittany closed their doors for one hour in a show of solidarity with the region’s food firms.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
