Case goods importer Universal Furniture plans to continue with its celebrity chef Paula Deen Home licensed line despite negative publicity surrounding past use of a racial slur. Deen was dropped by several business partners including ...
Tags: Paula Deen Line, Universal
Porcine Epidemic Diarrhea virus (PEDv), a swine virus that can cause death in piglets, has been identified in two hog farms in North Carolina. The virus has been rapidly spreading across several states in the US since it was first ...
Tags: Swine Virus, Food
A majority shareholder is pressuring Smithfield Foods, Inc. (NYSE:SFD) to explore a breakup rather than go ahead with a planned USD 4.7 billion takeover by Chinese meat company. Activist investor Starboard Value LP said in a letter to the ...
Tags: Agriculture, Food, meat company
US-based pork producer and processor Smithfield Foods has reported a 62.6% decline in net earnings to $29.7m for the fourth quarter of 2013, compared with $79.5m for the same period a year ago due to rise in feed costs and decline in hog ...
Tags: Smithfield Foods, Net Income
Although Shuanghui International and Smithfield Foods (SFD) cannot wait to release a joint acquisition announcement, the two parties have to face joint lawsuits by lawyers from China and the US due to the estimate was accused to be too low, ...
Tags: Shuanghui, Agriculture
UK meat firm Cranswick is likely to reap strategic benefit from the merger of China’s largest meat processor and pig producer, Shuanghui International, with the world’s largest pork processor North America’s Smithfield ...
Shuanghui International has agreed to acquire US-based pork producer and processor Smithfield Foods in an all-cash deal valued at $7.1bn, including the assumption of net debt. Shuanghui International is the majority shareholder of Henan ...
This week, Clerkenwell will be London’s centre of creativity. Clerkenwell Design Week 2013 will host 60 showrooms, a large number of manufacturers with new projects and designs, with special guests, designers and architects. For three ...
Tags: Clerkenwell Design Week, Furniture
Smithfield Packing, a subsidiary of Smithfield Foods, plans to shift bone-in ham production from its Maryland facility to its other plants in North Carolina and Kentucky, and then permanently shut down the Maryland plant in the mid of this ...
Tags: ham production, Smithfield Foods, ham
US-based pork processor Smithfield Foods has entered into an agreement to form 50/50 joint venture with Kansas City Sausage, including its sister company, Pine Ridge Farms, as a part of its plan to strengthen its packaged meats business. ...
Volatility in global commodity markets remained a significant factor for the food industry during 2012. On the one hand, adverse weather conditions hit grain harvests causing prices to spike, while on the other, over-supply has meant cocoa ...
Smithfield Foods CEO Larry Pope has insisted the US meat will produce "another year of solid earnings" despite lower quarterly profits. Falling earnings from fresh pork and hog production contributed to a decline in first-quarter profits ...
Tags: Smithfield, solid earnings, lower quarterly profits, falling earnings
Smithfield Foods will launch a line of deli and meat products in the US under the Cracker Barrel brand. US restaurant chain Cracker Barrel wants to take its brand into other channels and it today (13 November) announced a licencing deal ...
Tags: Smithfield Foods, Cracker Barrel, deli products, meat products
The week's two major stories broke within hours of each other on Wednesday - Tesco admitted it was "likely" to leave the US and Germany's Intersnack snapped up United Biscuits' salty snacks business. Elsewhere, ex-Tesco CEO Terry Leahy led ...
Tags: salty snacks, Intersnack, Hula Hoops, McCoy's, Skips, dairy, pork sector
Smithfield Foods today (6 December) reported a slump in second-quarter profits but the US pork group's shares rose as underlying earnings beat forecasts. The company booked a 91% drop in net income for the three months to 28 October after ...
Tags: Debt, charges, Debt Charge