Danone, the French dairy product, bottled water and biscuits group,
may have said that it is not interested in acquiring any assets of
bankrupt Italian group Parmalat, but this does not mean that it is
not on the acquisition trail.
The emergency decree passed late last month by the Italian
government in a bid to save dairy giant Parmalat from collapse
looks set to win support from the European Commission on the back
of guarantees that there will be no state...
Tetra Pak has launched an internal enquiry following claims by a
former Parmalat executive that the world's largest packaging group
made payments directly to the accounts of Parmalat's owners, the
As the scandal surrounding Italy's food and giant Parmalat deepens,
Berlusconi's government rustles up emergency measures to tackle
'Europe's Enron', with a strategy to save jobs and pay the
In a bid to reinforce customer relations in Latin America, the
dairy ingredients business unit of DSM Food Specialties' has
expanded its presence in Latin America with the opening of a new
sales and customer services office in...
Things just keep going from bad to worse for Parmalat. Just a week
after it escaped defaulting on a bond repayment by the skin of its
teeth, and with barely enough time for new chairman and turnaround
expert Enrico Bondi to warm his...
Lactimilk, the subsidiary of Spanish group Ebro Puleva which
produces the Leyma, Ram and El Castillo brands, is to invest
between €36 and €45 million over the next three years in
relaunching all three brands.
Set against the backdrop of difficult trading conditions for
branded food manufacturers, raw material prices and a negative
currency impact played down first half figures for ingredients
Dairy giant Arla Foods has posted slightly increased profits of DKK
1,094 million (€147m) for the 2002/03 financial year - but it's not
been all plain sailing. Facilities have been closed and the Swedish
vote against the Euro...
Three Dutch cheese processors have joined forces in an attempt to
produce and market goat's milk products. Heijkoop, De Jong and CBM
believe that a combined effort can increase their efficiency and
market strength as well as...
Yeo Valley believes that its range of Natural yoghurt, which was
released as a revived fat-free 1-kilo pack earlier in the year, has
helped to strengthen the natural yoghurt market after what the
company described as a levelling off...
The finances of Parmalat, the Italian dairy group, hit the
headlines again last week with the announcement that it planned to
liquidate its €496.5 million investment in the Cayman Islands-based
Epicurum fund - an investment which...
Dairy Crest has today announced its unaudited results for the six
months ended 30 September 2003. The results have revealed that the
spreads business has become the company's most profitable sector.
The company says that this...
The Competition Authority in Denmark is investigating claims by a
smaller dairy group that Arla Foods, the country's biggest milk
group, has offered milk at unreasonably low prices to the Dansk
Supermarked retail chain.