Thai Union quits Middle East venture
The Thailand-based seafood giant is selling up and leaving a venture signed six years ago after the business failed to hit expectations.
Savola
Earnings summary – Kraft Heinz FY sales fall; Campbell H1 sales drop on volumes in ‘challenging’ US; Danone boosted by WhiteWave synergies; J.M. Smucker Q3 food sales fall
just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.
Savola CEO Rayan Fayez quits
Savola CEO Rayan Fayez has resigned from the Saudi Arabia-based food manufacturer and retailer after less than two years in the job.
Savola posts 53.3% fall in Q3 net profit
Saudi Arabian food group Savola has booked a 53.3% fall in net profit in interim third-quarter financial results for 2016.
Savola posts Q3 profit fall
Saudi Arabia's Savola Group has reported a dip in third quarter profits.
Americana denies bid receipt
Kuwait Food Co. has said it is not aware of any bids for a stake in the company after reports Saudi Arabia's Savola Group and Singapore investment fund Temasek Holdings…
Thai Union, Savola eye Middle East seafood sales with JV
Thai Union Frozen Products and Saudi group Savola have established a joint venture to sell seafood products including the John West brand in the Middle East. The venture will sell…
Savola, Temasek ‘in joint bid for Americana’
Saudi Arabia's Savola Group has reportedly tabled a joint bid with Singapore investment company Temasek Holdings for Kuwait Food Co. According to a report in Bloomberg ,citing people with knowledge…
How attractive could Iran be for food majors?
The easing of decade-long economic sanctions on Iran lifted could open a potentially attractive market for international food makers, with access to a population of 80m consumers, a majority of…
Food industry results in brief – Yakult, Pilgrim’s Pride, Lala
The results announced this week included improving sales and profits at Yakult, better earnings but lower sales at US poultry group Pilgrim's Pride and growth at Mexican dairy processor Grupo…
Food industry results in brief: Ornua, Cloetta, Gruma
?First-quarter numbers came in from the likes of European confectionery Cloetta and Mexican business Gruma. The Irish Dairy Board, now known as Ornua, reported its full results for 2014. Here's…
