Impairments related to Chinese dairy challenges impact Meiji profits
Japan’s Meiji Holdings has revised its profit forecasts due to challenges in its China business. Despite raising sales outlook for the year ended on 31...
Category : Finance
Hong Kong Bans Certain US Poultry Imports to Prevent Spread of Bird Flu
In response to the global spread of avian flu, Hong Kong has taken precautionary measures by suspending poultry meat and products, including eggs, from certain...
Allianz warns that Post-Brexit border controls may result in billions of additional costs for UK importers
UK importers of EU food and drink face potential costs of up to £2bn ($2.5bn) due to upcoming border controls, according to research from insurance...
Court Suspends France’s Ban on Labeling Plant-Based Meat for Second Time
France’s Conseil d’État has suspended a government decree proposing to ban food producers from using plant-based meat descriptors. The ban was intended to take effect...
McCain buys Strong Roots, an Irish frozen food business
Canada’s McCain Foods, the French fries giant, has acquired Irish plant-based frozen-food company Strong Roots. The deal, for an undisclosed sum, builds on a deal...
Synlait CFO transitioned to new role overseeing asset evaluation
Attempting to strengthen its financial position, New Zealand dairy company Synlait Milk has appointed CFO Rob Stowell as its chief commercial officer. In the interim,...
Algas, a Polish poultry business, acquired by Plukon Food Group
Plukon Food Group, a Netherlands-based poultry major, has recently acquired the assets of Polish peer Algas SP in a strategic acquisition to strengthen its position...
Walmart Agrees to Pay Up to $45 Million to Settle Food Overcharging Lawsuit
Walmart has settled a class-action lawsuit that accused the US retail giant of overcharging for certain food items. Without accepting liability, Walmart has agreed to...
Conagra Brands announces closure of Birds Eye plant in Wisconsin
Conagra Brands, a US food manufacturing giant, has announced plans to close its Birds Eye frozen vegetables facility in Beaver Dam, Wisconsin. The decision will...
Hilton Food to reduce staff numbers at UK seafood processing plant
Hilton Food Group is implementing changes at its UK seafood operations, including plans to make more than 20 staff redundant as CEO Steve Murrells invests...