Covid-19 food industry updates – Friday 18 September (free to read)
just-food is providing daily updates on how the Covid-19 pandemic is affecting the world's packaged food sector.
Fyffes
Food majors invest in cell-based seafood firm BlueNalu
BlueNalu, a US-based firm focused on cell-based seafood, has revealed the participants of a US$20m round of investment in the business.
New products – Tyson introduces Air Fried Chicken; Halo Top goes “indulgent” in the UK; Good Hemp debuts CBD-infused milk; Danone rolls out Alpro soy drinks
This week's batch of new product launches includes CBD-infused milk from Good Hemp high-protein soy drinks from Alpro and "indulgent" ice creams from Halo Top.
Fyffes kicked out of Ethical Trading Initiative
The Ethical Trading Initiative (ETI) has made a decision about fresh produce group Fyffes' membership of the organisation.
Fyffes avoids expulsion from ethical trading body
Fyffes has avoided outright expulsion from the Ethical Trading Initiative - from which the Ireland-based tropical fruit group is suspended - but it may be only a temporary reprieve.
Fyffes to hold talks aimed at lifting Ethical Trading Initiative suspension
Irish produce company Fyffes told just-food today (9 May) it will hold talks with the International Union of Food Workers (IUF) aimed at ending the firm's suspension from the Ethical…
Fyffes suspended from Ethical Trading Initiative
Irish produce company Fyffes has been suspended from its membership of the Ethical Trading Initiative (ETI), the UK multi-stakeholder partnership aimed at improving conditions in agricultural and manufacturing supply chains. The ETI…
Japan’s Sumitomo makes play for Fyffes
Fyffes has agreed to an all-cash takeover offer from Japanese banana-to-transportation conglomerate Sumitomo Corp. that values the Irish produce group at around EUR751.4m (US$978m). Sumitomo has offered EUR2.23 per share…
Fyffes raising funds for further acquisitions
Irish produce company Fyffes could raise around EUR40m (US$44.9m) to fund further acquisitions through a share placement. In an announcement after markets closed yesterday (15 September), the company said that…
Fyffes acquires Canada’s All Seasons Mushrooms
Fyffes, the Irish produce company, has acquired Canadian mushroom group All Seasons Mushrooms for CAD59.1m (US$45.9m). British Columbia-based All Seasons is one of the largest mushroom producers in western Canada,…
Fyffes books H1 sales and profits boost
Fyffes, the Ireland-based fresh produce group, this morning (2 September) reported higher half-year sales and profits. Adjusted profit before tax amounted to EUR35.5m (US$39.7m), 4.5% up on the same period…
