Brett Hewlett appointed as new CEO of Comvita, succeeding David Banfield
Comvita, a Kiwi Manuka honey maker, is undergoing a “strategic reset” as CEO David Banfield steps down in favor of chairman Brett Hewlett. The transition,...
Category : Finance
UK Advertising Authority Bans “Misleading” Huel and Zoe Advertisements
The UK’s Advertising Standards Agency (ASA) has prohibited online advertisements from the meal-replacement company Huel and the personal nutrition firm Zoe. Specifically, the ASA banned...
Danish Crown Appoints Niels Duedahl as Successor to Jais Valeur
Danish Crown has appointed Niels Duedahl, an external candidate, as its new CEO. This strategic decision signals a pivotal moment as the cooperative seeks to...
Bikaji Foods looks to acquire a stake in fellow local company Ariba Foods
Bikaji Foods International is considering acquiring a stake in Ariba Foods, a fellow Indian company engaged in the manufacturing and selling of frozen food products....
Conagra purchases Sweetwood Smoke, producer of high-fat meat sticks
Conagra Brands has recently expanded its meat snacks portfolio by acquiring Sweetwood Smoke & Co., a Colorado-based company known for producing meat sticks smoked with...
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...
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...