Latest Insights

What are the risks and rewards of zero-based budgeting? 6 Oct 2016

A growing body of food makers are adopting zero-based budgeting as a tool to reduce costs and improve resource allocation. The method has also proven popular with investors with a focus on return on invested capital. However, it is not a one-size-fits-all answer to the challenges facing CPG companies today. In the second part of our series examining zero-based budgeting, Katy Askew takes a look at the pros and cons associated with the method.

General Mills aims to milk demand for yoghurt in Brazil - analysis 14 Jan 2016

General Mills secured its entry into the fledgling but growing Brazilian yoghurt market with the acquisition of local player Carolina just before Christmas. But, with Carolina's tiny market share, will the move pay off in meeting General Mills' wider ambitions for growth in emerging markets?

10 Things to Learn - JBS's acquisition of Moy Park from Marfrig 25 Jun 2015

Brazilian protein giants Marfrig and JBS have reached an agreement that will see the ownership of European poultry processor Moy Park transferred to JBS. The deal, which values Moy Park at US$1.5bn, represents a win-win for both parties. Here is what each stands to gain.

On the move: Marfrig stresses continuity as CEO Rial departs 16 Jan 2015

Brazilian protein group Marfrig surprised the market yesterday (15 January) with the announcement CEO Sergio Rial will stand down. Rial was a chief architect behind Marfrig's "focus to win" strategy, which has left the group on the cusp of a return to earnings stability. With internal successor Martin Secco Arias to replace Rial, the company was keen to emphasise coherence as it calmed initial investor jitters. Katy Askew reports.

In the spotlight: Can BRF deliver on its aggressive growth strategy? 20 Nov 2014

BRF, the Brazilian meat giant, is undergoing significant change. The company has initiated a massive behind-the-scenes restructuring drive to streamline its operations and build a structure that will deliver stable returns. BRF has now turned its attention to expansion, setting out an ambitious growth agenda. Can it deliver? Katy Askew investigates.

Latest News

JBS installs Gilberto Tomazoni to newly created COO role 19 Sep 2017

JBS founder Jose Batista Sobrinho took his first steps as the Brazilian meat giant's president and CEO by installing Gilberto Tomazoni to the newly created position of COO as the company restructures amid corruption allegations lodged against senior executives.

JBS founder Jose Batista Sobrinho replaces son Wesley as CEO 18 Sep 2017

JBS has named the Brazilian global meat giant's founder Jose Batista Sobrinho as its new president - days after his son Wesley was arrested amid allegations of insider trading.

Former JBS chief Joesley Batista in police custody over plea omissions 12 Sep 2017

Joesley Batista, the former chairman of Brazilian meat giant JBS, handed himself in to Sao Paulo police on Sunday (10 September) after the Supreme Court had ordered his arrest.

Brazil's BRF reveals departure of CEO Pedro de Andrade Faria 4 Sep 2017

Brazil's loss-making food company BRF is to see the departure of CEO Pedro de Andrade Faria by year-end, with the announcement coming just a week after the appointment of a new chief financial officer.

Hormel Foods buys Brazilian meat firm Cidade do Sol 24 Aug 2017

Hormel Foods, the US-based food group, behind meat brands Spam and Jennie O-Turkey Store, has struck a deal to buy Brazilian packaged meats firm Cidade do Sol.

Brazil's BRF appoints Lorival Nogueira Luz Jr as CFO 24 Aug 2017

Brazilian food group BRF has brought in an experienced executive in the shape of Lorival Nogueira Luz Jr as chief financial officer and investor relations officer.

Marfrig to re-open three beef slaughterhouses 17 Aug 2017

Brazilian meatpacking firm Marfrig Global Foods is to re-open three slaughterhouses amid a "positive phase" in domestic cattle production.

Marfrig losses widen on lower sales 16 Aug 2017

Brazil-based meat supplier Marfrig has booked half-year losses of more than BRL400m (US$126.9m) hit by exchange rates and a near-12% drop in revenues.

JBS H1 profits rise but meat giant books Q2 drop 15 Aug 2017

Brazil-based JBS, the world's biggest meatpacker, has reported rising first-half profits but posted a sharp drop in second-quarter earnings amid foreign-exchange and derivatives expenses.

Lower sales, Carne Fraca probe hit loss-making BRF 11 Aug 2017

BRF, the Brazil-based food group, has reported another quarter in the red – due in part to lower sales and to costs from the Carne Fraca probe – leading to an overall first-half loss of more than BRL448m (US$141.6m).

Latest blogs

Food companies hungry for Suarez spotlight 25 Jun 2014

Brand owners from Mars to Mondelez International were very quick off the mark yesterday after Uruguay footballer Luis Suarez allegedly bit an Italian opponent at the World Cup in Brazil, taking to Twitter to grab a chunk of the spotlight for themselves.