Maple Leaf Foods has already shown signs of wilting as it presses on with a major restructuring. And the outlook for the company has not got any brighter amid the ongoing listeria scare in Canada,...
Maple Leaf Foods has delayed plans to re-open the factory that over the weekend was definitively linked to the listeria outbreak in Canada.
When Michael McCain stepped into the Maple Leaf boardroom in the late 1990s after his family took a controlling stake in the Canadian food group it seems unlikely that he could have been aware of the challenges that lay ahead. The company, which is in the midst of a major overhaul to address the structural shortcomings of its meat and bakery business, is struggling to tread water in the current climate of high costs and declining consumer spending. And while McCain remains upbeat on the Maple Leaf’s long-term outlook some industry watchers are less optimistic, Dean Best reports.
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