Hillshire Brands has announced that Brian Davison has joined the company from Kraft Foods as VP of corporate strategy and development. Hillshire, formerly the North American meat business of Sara Lee, said Davison began his role on 2 ...
Tags: Hillshire Brands, Brian Davison, Food, meat business
Brazilian meat giant Marfrig has appointed former Cargill CFO Sergio Rial to lead its processed food division, Seara Foods. Rial will become CEO of the unit, which includes Marfrig's European meat business Moy Park and US arm Keystone ...
Tags: Marfrig, Sergio Rial, food division, Seara Foods
Belgium-based Ter Beke has reported a sharp drop in half-year profits, due to higher raw material costs and one-off charges. For the six months to the end of June, the meat and ready meals group said net profit sank by 31% on the same ...
Tags: Net sales, EBITDA, net profit
Associated British Foods today (10 September) revealed it had taken an impairment charge of A$150m (US$155m) on its Australian meat business as it battles "difficult" trading conditions in the market. The UK-listed group announced the ...
Tags: Australia, ABF, impairment charge, meat business
The Hillshire Brands, formerly Sara Lee, has completed the separation of its international coffee & tea business - DE Master Blenders 1753. Hillshire Brands, which trades on the New York Stock Exchange under the ticker HSH, focuses on ...
RFM,a leading food and beverage firm based in the Philippines,has entered into an agreement to sell its canned meat business,Swift brand,to a subsidiary of Century Canning for about PHP850m($20.49m). In a disclosure to the Philippine ...
Tags: food, beverage, agreement, canned meat business
American consumer goods company Sara Lee is set to close its retail outlets where it offers its products at discounted prices. According to the company,all its outlets are expected to be closed by the end of November.About nine of its 11 ...
Tags: discounted prices, retail outlets, employees
A swathe of results releases this week highlighted the ongoing difficulties of operating in the current economic climate. Supervalu announced that it is cutting 2,500 jobs from its Albertsons chain and McCain said that it is quitting pizza ...
Tags: Supervalu, cutting jobs, meat, food, packaged foods