22-Jul-2019 By Jim Cornall
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.
10-Jul-2019 By Jim Cornall
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.
07-Nov-2018 By Beth Newhart
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!.
05-Aug-2018 By Jim Cornall
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.
04-Sep-2014 By Mark ASTLEY
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).
28-May-2014 By Mark ASTLEY
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.
01-Apr-2014 By Mark ASTLEY
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.
13-Jun-2013 By Mark ASTLEY
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.
24-Apr-2013 By Mark ASTLEY
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.
13-Mar-2013 By Mark ASTLEY
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.
07-Mar-2013 By Mark ASTLEY
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.
01-Mar-2013 By Mark Astley
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.
28-Feb-2013 By Mark Astley
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.
18-Dec-2012 By Mark Astley
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).
12-Dec-2012 By Mark Astley
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).
26-Oct-2012 By Mark Astley
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.
05-Oct-2012 By Mark Astley
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.
06-Jul-2012 By Mark Astley
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.
23-May-2012 By Mark Astley
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.
New Parmalat fraud trial hearings set to start
04-Oct-2011 By Ben Bouckley
Italian prosecutors are set to launch proceedings against former Parmalat executives accused of fraudulent activities that led to debts of €14bn and the company's collapse in 2003.
Senior Lactalis figure takes over as Parmalat CEO
13-Jul-2011 By Guy Montague-Jones
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.
17-Jun-2011 By Guy Montague-Jones
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
18-May-2011 By Helen Glaberson
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
12-Apr-2011 By Guy Montague-Jones
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
25-Mar-2011 By Guy Montague-Jones
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
23-Mar-2011 By Guy Montague-Jones
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
16-Mar-2011 By Helen Glaberson
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
01-Aug-2008 By Neil Merrett
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
20-Jun-2008 By Neil Merrett
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
16-Nov-2007 By Ahmed ElAmin
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
03-Oct-2007 By Neil Merrett
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
14-Sep-2007 By Neil Merrett
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
13-Aug-2007 By Neil Merrett
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
24-Jul-2007 By Charlotte Eyre
A US federal judge last week approved a $50m partial settlement in
a lawsuit over dairy firm Parmalat's bankruptcy, according to
Parmalat steps up compensation drive
09-Jul-2007 By Neil Merrett
Parmalat has stepped up legal proceedings against banks alleged to
have failed to prevent its 2003 financial collapse as it continues
its drive to re-establish itself as a leading global dairy company.
Another victory for Parmalat
05-Feb-2007 By staff reporter
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
15-Jan-2007 By staff reporter
Parmalat has reached a settlement with Deloitte & Touche and
Dianthus over their role in the accounting scandal of 2003.
Parmalat reaches 'satisfactory' settlement
03-Jan-2007 By Anthony Fletcher
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
24-Jul-2006 By staff reporter
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
03-May-2006 By Anthony Fletcher
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
31-Mar-2006 By Anthony Fletcher
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
22-Mar-2006 By Anthony Fletcher
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
08-Mar-2006 By Anthony Fletcher
International banks supporting Parmalat's operations knew of the
company's financial problems, according to the former chairman
Parmalat CEO points finger at creditors
01-Mar-2006 By staff reporter
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
20-Jan-2006 By Anthony Fletcher
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
15-Nov-2005 By Anthony Fletcher
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
28-Oct-2005 By Anthony Fletcher
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
06-Oct-2005 By Chris Mercer
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
28-Sep-2005 By Anthony Fletcher
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.