The latest Brand Finance Food & Drink 2019 report shows that, again, Switzerland’s Nestlé tops the food ranking, although its brand value increased by just 1% year on year to $19.6bn.
Following the purchase last week of Kraft Heinz natural cheese activities in Canada, French dairy company Lactalis has further dipped into the market by acquiring the US yogurt division of Ehrmann AG.
Parmalat Group makes ‘significant investment’ in Canadian dairy with acquisition of the natural cheese division of Kraft Heinz Canada, including brands like Cracker Barrel, P'tit Quebec and aMOOza!.
Italian dairy company Parmalat S.p.A. has issued its first-half financials, which show a net revenue of €3.03bn ($3.5bn), €240.4m ($278m) less than the first half of 2017.
Brasil Foods (BRF), Brazil's third largest dairy, has agreed to sell 11 dairy processing plants in the country to Parmalat for for R$1.8bn (US$795m, €610m).
An Italian criminal investigation into Parmalat's May 2012 disputed acquisition of Lactalis American Group (LAG) is "completely over", says the Parma-based dairy giant.
Italian dairy giant Parmalat has moved to strengthen its market position Down Under through the acquisition of Australian dairy and juice product manufacturer Harvey Fresh.
With Lactalis owner B.S.A set to refund $130m of the $904m Parmalat paid to acquire Lactalis American Group (LAG) in May 2012, the Italian dairy giant is confident it has seen the back of the investigations into the legality of its dealings.
Italian dairy processor, Parmalat, has been forced to withdraw its 2012 full-year financial report after a court in Rome annulled its acquisition of Italian fresh milk company, Central del Latte di Roma.
The $904m paid by Parmalat for sister business Lactalis America Group (LAG) could be cut by up to $144m if auditors deem the initial purchase price to be excessive, the Italian dairy giant has revealed.
Parmalat has moved to dispel concerns about the legality of its intra-group acquisition of Lactalis American Group (LAG) by revealing better than expected financial results that “confirm the profitability” of the business.
Parmalat is confident of a positive outcome in the civil hearing into its acquisition of Lactalis American Group (LAG) – despite yesterday’s request by prosecutors to remove the company’s board to enable the annulment of the deal.
Italian prosecutors have asked for Parmalat’s $904m acquisition of Lactalis American Group (LAG) to be cancelled and the Parma-based dairy giant’s board to be removed, according to reports.
Parmalat has been given “no indication” of the timescale of the Guardia della Finanza – the Italian Tax Police – investigation into Parmalat’s May 2012 acquisition of Lactalis American Group (LAG).
The Italian headquarters of Parmalat and its owner, French dairy giant Lactalis, have been searched by Italian police as part of an investigation into Parmalat’s May 2012 intra-group acquisition of Lactalis American Group (LAG).
Parmalat has voiced confidence that “nothing wrong was done” in relation to its May 2012 intra-group acquisition of Lactalis American Group (LAG) – just hours after court proceedings surrounding the deal began in Italy.
Italian dairy giant Parmalat is remaining tight lipped following reports that its $904m intra-group acquisition of Lacatalis America Group (LAG) was met with criticism from shareholders.
Italian dairy giant Parmalat has announced plans to close three plants in the country in an effort to improve its efficiency and compete with low-priced private label milk.
Parmalat has completed the “intragroup acquisition” of Lactalis American Group Inc. (LAG) – a move that will secure its entry into the US dairy market and strengthen its position in Latin America.
Senior Lactalis figure takes over as Parmalat CEO
A senior figure at Lactalis has been drafted in to become CEO of Parmalat after the French dairy took control of the Italian group at the end of June.
EU approval almost seals the Lactalis acquisition of Parmalat, according to an Italian analyst, who described the bid price as “fair”.
Lactalis takeover bid rejected by Parmalat
Lactalis’ €3.4bn takeover bid for Italian dairy giant Parmalat has been rejected, following a “unanimous decision” by the firms’ board of directors in Milan yesterday.
EU investigates Italian bid to protect Parmalat from Lactalis' advances
Recent Italian moves to frustrate the Lactalis approach on Parmalat have prompted the head of EU antitrust policy to warn that, if necessary, he is determined to use EU powers to preserve the openness of the internal market.
Italian government gives Ferrero a chance in fight over Parmalat
The chances of Ferrero making a move on Parmalat to create an Italian food super-group have increased after the Italian government pushed through a decree to frustrate Lactalis’ bid to gain management control of Parmalat.
Lactalis buys sizeable stake in Parmalat
Lactalis has acquired a 29 per cent share in Parmalat as the Italian government looks into ways of preventing the dairy company from falling into foreign hands.
Prospective CEO calls for M&A drive to push Parmalat into global dairy top-5
A leading businessman, tipped to become Parmalat’s interim CEO, has advocated an aggressive expansion strategy but a Nomura analyst cast doubt on the M&A prospects of the Italian dairy firm.
News briefs: Parmalat and Quebec’s cheese stand
This week, sales improvements fail to offset higher costs pressures on dairy group Parmalat, Quebec authorities allow for the production of some raw milk cheeses and two UK dairy associations join forces.
News briefs: Milk contamination case, Parmalat
This week, two dairy farmers reportedly plead guilty at a US court
for their role in an alleged E. coli milk contamination, and
Parmalat settles its ongoing dispute with UBS.
Parmalat boosts sales 5.4 per cent on rising demand
Italy-based Parmalat, one of the world's largest dairy companies,
yesterday reported a 5.4 per cent increase in sales boosted by
rising demand for its products in the nine months ended 30
News briefs: Parmalat, Fonterra and Smucker's
In this week's round up, Fonterra appoints its latest remuneration
committee, Parmalat keeps gunning for Citibank, and Smucker's makes
Parmalat continues financial recovery
Revenues for Italian group Parmalat were up 2.8 per cent to €1.8bn
for the first fiscal half, on the back of continued expansion into
high value dairy production.
No payouts for former Parmalat groups
Two former subsidiaries of Italian dairy group Parmalat have failed
in their attempts to win compensation from financial institutions
alleged to have played a part in its one time parent company's
Parmalat reaches settlement - supposedly
A US federal judge last week approved a $50m partial settlement in
a lawsuit over dairy firm Parmalat's bankruptcy, according to
Another victory for Parmalat
Parmalat has been awarded €25m from Banca Popolare di Milano as
part of its ongoing fight to recover money from financial
institutions allegedly implicated in the firm's collapse.
Parmalat settles with Deloitte
Parmalat has reached a settlement with Deloitte & Touche and
Dianthus over their role in the accounting scandal of 2003.
Parmalat reaches 'satisfactory' settlement
Parmalat has reached settlements with a number of European
financial institutions in its ongoing fight to recoup the billions
lost in 2003.
Opus Dei, Parmalat and a dead Italian banker
A Milan banker linked to the collapse of Italian dairy firm
Parmalat has been found dead, after disappearing on his way back
from a meeting of conservative Catholic group Opus Dei.
European court backs bank in Parmalat dispute
A new European Court of Justice ruling should provide Bank of
America with a degree of comfort over its recent travails with
Italian dairy giant Parmalat.
Parmalat posts profit as strategy takes shape
Parmalat's profit before interest and tax rose 18.4 per cent in the
first two months of 2006 to € 45 million, with predictions that net
debt would remain stable over the year.
Ruling lays path for more Parmalat suits
Auditors Deloitte & Touche and Grant Thornton International
must defend themselves against a $10 billion lawsuit by Parmalat,
ruled a US judge.
Banks knew of problems, says Parmalat founder
International banks supporting Parmalat's operations knew of the
company's financial problems, according to the former chairman
Parmalat CEO points finger at creditors
Parmalat's chief executive Enrico Bondi has pointed the finger at
the company's creditors, accusing them of having knowledge of the
disgraced dairy giant's finances.
Parmalat scandal hearing scheduled for March
A court hearing on 1 March will decide whether 13 bank executives
and four global banks should be sent to trial over the collapse of
Parmalat board meets to discuss future strategy
Today's board meeting at Parmalat, the first since Enrico Bondi was
appointed as chief executive last week, will help to determine
which direction the Italian dairy giant goes from here.
Banks gunning for Parmalat's disintegration
The strategy of Enrico Bondi, the administrator behind the
re-emergence of disgraced Italian dairy giant Parmalat, is in
danger of unraveling.
Parmalat returns with lawsuit booty
Scandal-hit Italian dairy Parmalat has re-listed on the Milan stock
exchange as potential bidders begin to circle and the group widens
its lawsuit war against the world's major banks.
Tanzi trial commences as Parmalat points the finger
The trial of Calisto Tanzi, founder of scandal-hit Italian dairy
giant Parmalat, commences today amid charges of false accounting
and share price manipulation.
Parmalat sues banks in bid to recoup billions
Parmalat has sued banks JPMorgan Chase and Unicredito Italiano for
€4.4 billion for their roles in the sale of Parmalat bonds issued
from 1997 through 2001.
Parmalat probe leads to more arrests
Italian police have arrested former Bank of America executive Luca
Sala as part of a probe into food group Parmalat's spectacular
Parmalat secures Morgan Stanley pay-out
Morgan Stanley will pay Parmalat €155m in an out-of-court
settlement as the troubled Italian dairy firm tries to get back on
track amid a hail of law suits, reports Chris Mercer.