Hormel Foods

Big Food’s stake in the future – in-house venture-capital funds’ investments

For Big Food companies looking to gain exposure to new, exciting, potentially faster-growing categories, M&A remains a popular route. But…

Hormel ponders pricing stance as signs of consumer pushback emerge

US-based Hormel Foods has not committed to ending pricing activity but the Skippy peanut butter and Spam canned meat owner…

Hormel Foods cuts sales guidance as international business stutters

Hormel Foods is expecting to see no sales growth in full-year 2023 as it tackles inventory issues and a weaker-than-expected…

Eyeing alternatives – meat companies with stakes in meat-free and cell-based meat

The rise of plant-based products and the arrival of cell-cultured – or 'clean' – options as meat alternatives are trends…

Hormel Foods defends pricing actions as further increases planned

Hormel Foods plans to increase prices again before the end of July, balancing margin recovery with maintaining customer relationships. “We're…

Hormel Foods takes minority stake in Indonesia’s GarudaFood

Hormel Foods has acquired a minority interest in Indonesia’s GarudaFood Putra Putri Jaya from CVC Capital Partners and shareholders. The…

Hormel Foods CEO Jim Snee braces for “volatile, high-cost” new year

Hormel Foods is braced for another “volatile” year, characterised as a “complex and high-cost environment”. The remarks by chairman, president…

Hormel Foods ‘in talks to buy CVC Capital’s stake in Indonesia’s GarudaFood’

Hormel Foods could be on the verge of taking CVC Capital Partners minority stake in Indonesia’s GarudaFood Putra Putri Jaya.…

Hormel Foods reveals strategic rework

US-based branded food business Hormel Foods has announced a new “strategic operating model”. The Jennie-O Turkey Store, Spam and Skippy…

Hormel Foods issues note of caution on bird-flu supply-chain impact

Hormel Foods has warned of “uncertain” times ahead as a bird flu outbreak hits the US food manufacturer’s poultry supply…