Japan’s Meiji books another impairment on China food business
Japan’s Meiji Holdings has lowered its full-year profit outlook after announcing another impairment linked to its food operations in China. The Tokyo-based group said it...
Category : Finance
Coca-Cola invests again in Fairlife production
The Coca-Cola Company has outlined further investment plans to expand its Fairlife dairy operations in the US, committing $650m to increase production capacity at its...
Le Duff snaps up Spanish bakery peer Panamar
French bakery and foodservice group Le Duff has strengthened its European presence with the acquisition of Spanish bread and pâtisserie specialist Panamar. Announcing the deal,...
Smithfield Foods predicts slowdown in sales after debut IPO year
US meat processor Smithfield Foods has signalled a moderation in sales growth for the year ahead, while pointing to continued strength in profitability. The packaged...
McCain ‘to shut New Zealand factory’
McCain Foods is reportedly planning to shut one of its two processing facilities in New Zealand, as part of a broader shift in its regional...
Orior opts to keep ready-meals business after review
Orior has decided to retain its ready-meals division following a strategic review, as the Swiss food and drink group continues to reshape its business. The...
MHP-Owned Uvesa Set to Acquire Poultry Competitor Payán Hermanos
Uvesa, the meat group managed by Ukraine’s MHP, has announced a significant acquisition, purchasing Spanish company Payán Hermanos. The financial details of the transaction remain...
Nissin Takes Over Control of URC Partnership in the Philippines
Japan’s Nissin Foods Holdings is enhancing its presence in the food and beverage industry by gaining control of its instant-noodle joint venture in the Philippines....
Kraft Heinz to “upgrade” Canada plant
Kraft Heinz is committing significant new investment to its manufacturing operations in Canada, with plans to upgrade its facility in Montreal. In a statement, the...
Premier Foods ‘eyeing premium UK pizza business Crosta Mollica’
Premier Foods is reportedly exploring a potential acquisition of premium pizza brand Crosta Mollica, although the UK group has declined to comment on the speculation....