Almost half of Parmalat's assets across the globe will be slashed
in an effort to swap debt for equity. The company which is one of
Italy's most global companies announced on Friday its restructuring
plan designed to keep...
Friesland Coberco, the multinational dairy group, saw profits and
sales depressed last year by sliding European cheese prices
exacerbated by the current review of EU subsidies to the
agricultural sector, writes Danny Vincent.
Moves into higher added-value are likely to pay off in the long
term for Irish dairy group Glanbia, but the company is continuing
to suffer from the short-term effects of offloading a number of
primary food operations.
Parmalat, the financially troubled dairy group, has requested the
help of the turnaround company that recovered Enron's finances last
year - Kroll. The company plans to recover Parmalat's assets, and
the move justifies Parmalat's...
Parmalat's financial problems have forced many of its foreign
business into the red. An Irish unit has this week been declared
insolvent, the US has filed for bankruptcy, but the Mexican arm has
been given the clear to restart...
Driving hard into value added ingredients has paid off for Irish
food group Kerry as the company faces off tougher currency exposure
in 2003 to see a steady rise in sales and operating profit.
European bottom line benefits from greater...
Milk Link and Glanbia plan to embark upon a new business venture in
an effort to exploit the UK cheese market. The new formation will
be 75 per cent owned by Milk Link and 25 per cent owned by the
Two French and one UK Parmalat unit have been sold to competitors
this week. After much speculation over the the stability of the
company's units outside Italy it appears that if the company is to
survive it will have to focus...
Rumours of a possible sale of the Danone's biscuit business
surfaced again this week after the company unveiled full year
figures pegged back by its weak performance. But the core dairy and
beverage businesses continued to go...
French cheese maker best known for brands such as Coeur de Lion and
Tartare, ended 2003 with a slight increase in sales compared to the
previous year, but continued to suffer at the hands of negative