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,...
Category : Finance
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...
German meat consumption reaches all-time low
In Germany, the consumption of meat has hit a new record low, with total annual consumption decreasing by 0.8% year-on-year to 51.6kg in 2023, according...
Princes of UK name new CEO
Princes Group, a UK food and drinks producer, has appointed Simon Harrison, their deputy managing director, as the new CEO. Harrison, who has been with...
$125m Start-Up Investment Fund Supported by Backers including Tesco and Woolworths
Five grocery heavyweights, including UK supermarket giant Tesco and Australia’s Woolworths, have joined forces with Ahold Delhaize, Empire Company/Sobeys, and Shoprite to establish a new...
Valio shutting down two plants in Finland
Valio, a key player in the food and drink industry, has recently announced plans to close two manufacturing facilities in Finland. The closures, expected to...
Barilla withdraws US brand Tolerant Foods’ grain-free pasta
Barilla has made the decision to discontinue its range of grain-free pasta products sold under the Tolerant Foods brand in the US. The Italian company...