Monde Nissin braces for Quorn volume constraints
Despite challenges in the meat-alternatives market, Quorn owner Monde Nissin saw an improvement in second-quarter sales. In the three months leading to 30 June, Monde...
Category : Finance
Family Members of Lifeway Foods Call for CEO’s Resignation
The largest investors in US-based kefir producer Lifeway Foods, Ludmila and Edward Smolyansky, have filed a consent statement to unseat the company’s current board of...
Beyond Meat aims to achieve margin progression through pricing strategies
Beyond Meat is anticipating improved gross margins due to US price increases and reduced promotional spending. The group’s margin rose to 14.7% in the second...
Outbreak of listeria linked to Danone traced to specific Canadian factory
The listeria outbreak in Canada associated with plant-based milk alternatives sold by French dairy giant Danone and retail heavyweight Walmart has been traced back to...
JM Smisher to downsize workforce as Hostess Brands headquarters shuts down
JM Smucker is taking steps to streamline its operations by laying off workers at the Hostess Brands office it acquired last year in a $5.6bn...
Lindsay Goldberg invests in Golden State Foods
Golden State Foods, a US-based contract manufacturer, has secured an investment from local private-equity firm Lindsay Goldberg. The New York-based firm has acquired a “controlling...
WK Kellogg is shutting down one plant and scaling back production at another.
WK Kellogg, the North American cereal business of food giant Kellogg, is set to close its Omaha, Nebraska plant and reduce production at its Memphis...
New England Seafood International acquires crab company in the UK
UK-based New England Seafood International (NESI) has acquired the “trade and certain assets” of Devon-based Blue Sea Food Company. Financial details were not disclosed. NESI...
Chris Schutte to retire as CEO of Astral Foods, company in search for replacement
South Africa-based poultry major Astral Foods’ CEO Chris Schutte has announced his retirement after leading the business for 16 years. According to a statement released...
SunOpta remains optimistic about sales despite decrease in volume due to price cuts
SunOpta, a US-based supplier of plant-based snacks, milks, and nutritional shakes, has lifted its revenue growth outlook despite facing price cuts impacting positive volumes. The...