ConAgra Foods CEO Sean Connolly, fresh from securing the sale of the US group's own-label business, has made another strategic move - splitting the business in two. A largely branded business, Conagra Brands, and a...
ConAgra Foods has announced plans to split its business into two independent companies.
TreeHouse Foods, the US own-label supplier, is to acquire ConAgra Foods' private-label businesses in a US$2.7bn deal.
ConAgra Foods, the US food group, is to cut around 1,500 jobs as part of plans to generate US$300m in "efficiency benefits" to boost productivity and profits.
Much has been made of the decline of legacy brands in the US, which have failed to keep up with shifting consumer demands. In its first-quarter update, released yesterday (24 September), ConAgra Foods claimed a change in strategy has enabled it to breath fresh life into some of its iconic – but declining – brands. Katy Askew reports.
ConAgra Foods announced that it will sell off its loss-making private label business yesterday (30 June) in a move that, the company said, will help unlock value for its shareholders.…
The investment in ConAgra Foods' shares by hedge fund Jana Partners has prompted speculation that the group will sell one of its divisions, in order to better realise shareholder value.…
ConAgra Foods said that it is "looking forward" to engaging with Jana Partners after the activist investment vehicle disclosed a 7.2% stake in the food group. "ConAgra Foods’ Board of…
ConAgra Foods has cut its forecast for annual underlying earnings, blaming continued weak profits from its private-label business and the impact of the labour dispute at ports on the US…
Former Hillshire Brands chief executive Sean Connolly has been appointed the new CEO at ConAgra Foods. Connolly, who left Hillshire after its sale to Tyson Foods was completed last year,…
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