Another Meat Facility in Canada to be Closed by Olymel
Olymel, a prominent poultry and pork processor, has announced the closure of a meat facility in Saint-Jean-sur-Richelieu, Canada, due to declining production volumes. This decision...
Category : Finance
Fonterra divests ownership in Lithuanian dairy group Rokiškio Sūris
Fonterra has reached an agreement to divest its minority stake in Lithuanian dairy business Rokiškio Sūris as part of its strategic review of investments in...
Hochdorf streamlines business disposal strategy with sale of Swiss operations
Hochdorf, a player in the food and beverage industry, has shifted its focus towards selling its entire production business in Switzerland for baby food and...
PepsiCo accused by US unions for unfair labor practices
The Teamsters unions in the US have accused PepsiCo of unfair labor practices, claiming the company has “anti-worker policies” in place. Five unions in Illinois,...
Nestlé shareholders refuse proposal for healthier product initiatives at AGM
At the recent Annual General Meeting (AGM) of Nestlé, shareholders rejected a proposal to increase the quantity of healthier products in the company’s portfolio. The...
Obstacles in Europe hinder Danone’s price negotiations as market share declines
In the first quarter, Danone faced challenges in Europe as it initiated single-digit pricing across all geographic zones. In particular, the company’s essential dairy and...
Plant-based UK company Shicken sets sights on profitability in the coming year following successful US launch.
Shicken, a UK-based vegan ready-meal maker, is setting its sights on profitability in 2025 after its recent launch in the US. Co-founder Parm Bains revealed...
Grupo Bimbo elevates COO Rafael Pamias to CEO position
Grupo Bimbo, a Mexico-based food giant, has appointed Rafael Pamias, its chief operating officer, as the new CEO. Pamias will assume the role on May...
Weak profits at Lactalis due to decreased volume and private label pressure.
Lactalis, the world’s largest dairy company, faced challenges last year due to pressure on volumes from private label products. Despite a 4.3% increase in turnover...
McCain’s Foods Purchases Strong Roots, a Plant-Based Company
McCain’s Foods, a leading frozen food company, has recently made a strategic move by acquiring Dublin-based food producer Strong Roots, following a successful partnership in...