Julia Stamberger, CEO and co-founder, Planting Hope Company Planting Hope Company, a manufacturer of plant-based food and drinks, has announced plans to publicly list on Canada’s TSX Venture Exchange (TSX VE) on the 29th November. Described as a women-managed and woman-led company with a focus on nutrition, sustainability and diversity, Planting Hope Company claims to develop, launch and scale innovative plant-based and planet-friendly food and beverages. Its flagship brands are Hope and …
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Bumble Bee Foods, the US manufacturer of preserved fish and chicken products, has filed for bankruptcy and agreed a deal to sell its assets to Taiwanese seafood processor FCF, according to a Food Business News report. FCF will pay reportedly $925 million for Bumble Bee Foods’ assets. The declaration of bankruptcy will facilitate the sale and help Bumble Bee reduce its debt burden, the US company is quoted as saying. …
Dean Foods, the troubled US dairy firm, has announced it has filed for bankruptcy protection amid financial difficulties. The firm, which is the US’s leading milk processor, said it and most of its subsidiaries had initiated voluntary Chapter 11 reorganization proceedings, adding that it intended to use the process to support its ongoing business operations and address debt and unfunded pension obligations while it works toward an “orderly and efficient” sale. Dean …
Murray Goulburn, Australia’s largest dairy foods company, has posted a loss of A$31.9 million ($24.5 million) for the first half of its financial year. The firm booked 14.8% less revenue compared to the same period a year ago, attributed to lower supplies, production cuts on farms and adverse seasonal conditions. According to Murray Goulburn CEO Ari Mervis: “Record rainfalls and high levels of competitor activity have reduced our milk intake, …
Henkel, the German household and personal care giant, has announced a year of “record” sales and earnings as it unveiled its results for 2016. The Dusseldorf-based firm posted overall sales growth of 3.5% (or 3.1% on an organic basis) to end the year with €18.714 billion ($19.79 billion) revenue. Adjusted for foreign exchange effects, sales grew by 7.1%. The positive effect from acquisitions and divestments amounted to 4.0%, mainly as …
PepsiCo, the global snacks and soft drinks giant, has announced its results for the fourth quarter and full-year 2016, with an increase in annual revenue rose of 5% to $19.52 billion. By region, in North America the Frito-Lay group rose 3% while the beverage unit saw organic growth of 2%. In Latin America, organic growth in snacks was 4%, offsetting a 3% decline in beverage volume. The Europe -Sub Saharan Africa unit and …
Denmark-based dairy specialist Arla Foods has revealed that it is expecting to invest €335 million ($361 million) in its production sites around the world. The plan has been made as part of the company’s global strategy of making Arla a household brand by 2020, as well as increasing revenue by almost a third. According to sources, the main focus of investments is to upgrade production and increase profitability and growth, …
Beiersdorf, the German health & beauty firm behind the Nivea brand, has announced that it has “continued on its sustainable, profitable growth path” in 2016, with preliminary annual results showing organic sales rising 3.2% on 2015. The growth was achieved in what the company described as “difficult political and economic conditions in some countries and a considerably tighter competitive situation”. In nominal terms, Beiersdorf reported that sales rose by 1.0% …
Rossmann, the German personal and household care retailer, has announced plans to open a further 250 stores in 2017 with an investment of around €225 million ($235 million). The plans foresee 110 new locations for the German market, where Rossmann’s network of shops stood at 2,055 as of the end of 2016, figures from the company reveal. Outside Germany, Rossmann now operates 1,572 stores in a number of European countries, predominantly …
P&G, the multinational healthcare and household firm, has reported earnings of $65.3 billion, a decrease of 8% versus the prior year, for the financial year ending 30th June 2016. The US firm reported a negative six percentage point impact from foreign exchange and a negative two percent from the combined impacts of Venezuela and minor brand divestitures. Meanwhile, organic sales grew one percent as the benefit of increased pricing more than offset …
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