Nestlé, the world's largest food group, has reported underlying
growth of 5.1 per cent for the first quarter of 2004, helped by a
strong performance from its added value dairy business, where sales
were some 7.6 per cent ahead....
Dairy giant Danone posted a sharp increase in like-for-like
revenues for the first quarter of 2004, boosted in particular by
strong sales of 'healthy' dairy products such as its probiotic
range. Like all European dairy companies...
Campina, the international dairy company, is to acquire the Thai
dairy activities of disgraced Italian group Parmalat. Campina said
that the move was in line with its strategy to exploit the Asian
dairy market, and the fallen giant's...
Parmalat, the financially-hit dairy group, has resumed control of
its Brazilain unit this week. Last month the group announced that
it is to sell around half of its assets as part of its
restructuring programme, however, it is unclear...
In a trading statement released today, Dairy Crest said that its
cheese business was performing bellow its expectations. The
European cheese market has suffered as a result of the midterm CAP
review this year, and the company claims...
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