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
Chinese state-owned agribusiness and food processor COFCO has sold its 5% stake in US meat giant Smithfield Foods. Smithfield said on Friday (16 November) it had paid US$148m for COFCO's 4.95% stake. COFCO bought the shares in ...
Tags: Stake, Smithfield Foods, future business
The North American meat-focused division of Sara Lee will attract acquisition bids when the company spins off its Europe-based coffee-and-tea division in the future. The new company, which is to be named Hillshire Brands, is expected to ...
Tags: meat-focused division, acquisition bids, coffee-and-tea division
Eckrich,the brand owned by US-based John Morrell Food,has launched new Lower Sodium Smoked Sausage for consumers who are seeking to cut their sodium intake. The company noted that the new product delivers 33%less sodium as compared to ...
US-based pork processor Smithfield Foods is set to initiate its previously announced closure of its meat facility in Portsmouth, Virginia, which produces deli meat and hot dogs. The company noted that the layoffs will first begin in ...
The proposed $4.7 billion sale of Smithfield Foods, America's largest pork producer, to China's biggest meat processing company comes amid significant trade friction between the two countries over meat and livestock. China bans ...
Tags: Drug, Agriculture, Food
In the UK, the increasing level of couponing in retail set the industry talking this week as Tesco CEO Philip Clarke noted the step-up in this type of promotion, while industry analysts gave their views on this growing trend. Elsewhere, ...
Tags: retail, Tesco, shares in the meat, promotional