Danone, the French dairy conglomerate, announced today that net
profits had plummeted 62 per cent, following the costly €600
million write down of its water-cooler business last month, Tom
Anglo-Dutch consumer giant Unilever is set to overhaul its
management structure - a move which it claims will help restore
top-line sales growth and allow it to draw a line under what it
called an "unsatisfactory" 2004 performance,...
Asian drinks conglomerate San Miguel has acquired a majority stake
in King's Creameries, a Singapore-registered ice cream producer -
but with new debt already financing its current expansion strategy
and a €1.07 billion bid to...
Fonterra, the New Zealand dairy co-operative, has extended its
share offer to buy Australian food group National Foods to 8 March
- despite National Foods' board urging its shareholders to back a
rival offer from Philippines-based...
The government of Uzbekistan has granted a production licence to
Russian dairy giant Wimm-Bill-Dann eight months after the firm
bought Uzbekistan's largest dairy group, but the country's good
investment potential is still...
Irish food group Glanbia has picked up a €10.5 million contract to
operate Dairygold's CMP branded liquid milk and cream business,
allowing Dairygold to focus on consolidating sales across its
branded product line-up, Tom Armitage...
The UK's third largest dairy processor claims that up to 60 per
cent of British dairy farmers are failing to make a profit, despite
announcing in its interim results yesterday that it had notched up
an increase in pre-tax profits...
Emmi Logistique, the distribution division of leading Swiss dairy
company Emmi, has entered into a long-term agreement to distribute
Unilever's ice cream products across Switzerland and the
Netherlands, Tom Armitage reports.
Number one natural colours firm Chr Hansen makes inroads into the
lucrative Chinese market, this week unveiling a new food colour
factory to meet a rise in local demand, and marking the first step
in a raft of investments in the region.
Danish-Swedish dairy co-operative Arla Foods has announced it is to
cease operations at one of its Danish cheese warehouses as a result
of flagging sales of its hard and semi-hard yellow cheeses,
reports Tom Armitage.
Uniq, the European chilled food group, announced yesterday that
disappointing UK sales of its healthy desserts range had undermined
improved sales growth across continental Europe, Tom Armitage
Dairy Crest, the UK's biggest dairy company, has announced the
closure of its Yeovil factory - a move which the company claims
will allow it to pursue its ongoing strategy of building the
profile of its branded products, Tom...