The chief executive of Chobani,the number one company in the fast-growing Greek yoghurt sector in the US,is not interested in selling the business but has not taken a possible IPO off the table. In an interview with Reuters,Hamdi ...
Tags: yoghurt, Chobani, Hamdi Ulukaya, IPO
US-based Greek yoghurt firm Chobani has opened its second manufacturing plant in the country as it looks to cater for strong demand for the product. Chobani today (17 December) unveiled what it claimed to be the world's largest yoghurt ...
Tags: Yoghurt Firm, Chobani, second manufacturing plant, Food
French dairy firm Danone has unveiled a cost reduction and adaptation plan to generate EUR200m savings in Europe in the next two years. With this move, the company is seeking to address the significant decline in sales in the region and ...
Tags: dairy firm Danone, cost reduction, adaptation plan, EUR200m savings
Danone is to cut EUR200m (US$261m) in costs from its European operations in a bid to "win back its competitive edge" in the region after falling sales. The French food giant said it would "adapt" its management structure in Europe and ...
Tags: Danone, costs, European operations
A US 'activist' investor who has stamped his authority on Heinz, Cadbury and Kraft has taken a euro242M (€300M) stake in Danone, vowing to improve its profitability. Nelson Peltz, the head of Trian Partners, said the maker of ...
Sabra Dipping Co., the dips venture run by PepsiCo and Israeli food group Strauss, is to set up an R&D facility in the US. The company is spending US$28m on a facility in Chesterfield County in Virginia. Strauss decided to run its US ...
Tags: PepsiCo, food group, food manufacturing, food industry
Food manufacturers including Nestle, Mondelez International and Unilever have announced plans to "harmonise" the way they label the nutritional information for products sold in the EU. Twelve companies, which also include Kellogg, Mars ...
Tags: Food sign, Food, Food manufacturers, food labelling
Food manufacturers including Nestle, Mondelez International and Unilever have announced plans to "harmonise" the way they label the nutritional information for products sold in the EU. Twelve companies, which also include Kellogg, Mars ...
Danone and Fonterra are planning to acquire a controlling stake in India-based Tirumala Milk Products, a leading supplier of liquid milk in the country. The company's private equity investor Carlyle Group, and the promoters have started a ...
Tags: Danone, Fonterra, Tirumala Milk Products, liquid milk
Former Lactalis boss Michel Léonard has been appointed CEO of Groupe Doux, the French poultry processor that went into receivership earlier this month. Léonard, who was Lactalis president for nine years until 2009, takes the ...
Tags: Doux, CEO, receivership
French dairy group Danone has warned that its profits will be hit by weaker margins during fiscal 2012. Danone today (19 June) lowered its margins outlook for the financial year from "stable" to "down 50 basis points", citing a weak ...
Tags: margins outlook, Sales target, margins
Global dairy and food giant Danone is to expand its baby food manufacturing facility in Wexford. Danone has secured EUR20m (US$25m) in funding from Enterprise Ireland for the investment, which is expected to create around 45 jobs. The ...
Tags: Baby Food, dairy and food, European market
Chiquita Brands International has said its third-quarter net loss more than doubled amid falling sales and restructuring charges. The company said net losses rose to US$67m, up from $29m last year. Sales dropped to $714m, down from $723m ...
Tags: net loss, banana and salads businesses, profit decline
TerraCycle has announced that the Activia Yogurt Brigade recycling fundraising scheme reached the 500,000 milestone. Launched in the UK in September 2010, the scheme has been designed to save empty Danone Activia and Shape yogurt pots as ...
Tags: recycling, Shape yogurt pots, container packaging material
About 12 European food and beverage manufacturers and retailers have made a commitment to harmonize nutrition labelling and information across all markets in the European Union (EU). As a part of this initiative, the companies plan to ...
Tags: food and beverage, manufacturers and retailers, nutrition labelling