“Operational rigour” pays dividends for The Magnum Ice Cream volumes
“Operational rigour” bore fruit for The Magnum Ice Cream Co. (TMICC) in the first quarter as volume growth more than …
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Private-equity firm KKR said to be eyeing disposal of Flora Food Group
Privately-equity firm KKR has declined to comment on speculation over the potential disposal of its Flora Food Group spreads assets. The …
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Hershey sales up on pricing as “elasticity” eats into volumes
Hershey’s net sales jumped more than 10% in its first quarter, helped by pricing and M&A – but volumes fell. The …
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Finsbury Food Group acquires snacks maker Flower & White
UK’s Finsbury Food Group has acquired better-for-you snacking brand Flower & White as it looks to expand in what it …
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Young American Food Brands attracts investment
Young American Food Brands, the US-based meat supplier formerly known as Miami Beef, has secured investment from Falfurrias Management Partners. The …
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European trade bodies urge coordinated action to avoid “inflation crisis”
A group of European industry associations are calling for concerted measures to avoid a “food inflation crisis” stemming from the …
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Italian regulator fines snacks “cartel”
The Italian competition watchdog has fined snack makers Amica Chips, Pata and Preziosi Food for “coordinating” strategies through a cartel. Announcing …
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Mondelez “cautiously optimistic” as outlook rests on consumer uncertainty
Mondelez International is “cautiously optimistic” it can weather the effects from the Middle East crisis but management suggested the big …
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Nomad Foods to close factory in Switzerland
Nomad Foods plans to close its Rorschach manufacturing plant in Switzerland by the end of the year as part of …
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Mexico’s Sigma Foods buys US smoked meats producer
Sigma Foods has acquired US-based smoked meats producer Roger Wood Foods, in a deal for which financial terms were not …
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Morgan Stanley leads consumer M&A deal ranks in Q1
Morgan Stanley topped the charts of financial advisers working on consumer M&A in the first quarter, helped by the mega …
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Why tactical moves on price are no substitute for strategy
Major US food companies are starting to reduce prices and increase promotional activity after several years of sustained price increases. …
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All Things makes co-packer investment
UK dairy brand All Things has invested in co-manufacturer Yester Farm Dairies as part of its efforts to grow its …
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Smithfield Foods touts “record” Q1 profits
Smithfield Foods today (28 April) booked “record” underlying operating profits for the first quarter of its financial year. The listed US …
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Belgium food, drinks body warns “resilience” at risk without intervention
Belgium’s food and drinks federation has delivered a stark warning over the future of the sector, with rising price risks …
