Food market news of the week - Premier's profit warning, Vegemite sold in latest Mondelez disposal, Bakkavor IPO rumours Fri, 20 Jan 2017 16:16:00 GMT Source: just-food.com Premier Foods, the UK group, this week surprised the market with a profit warning, sparking a slide in its shares and criticism in the City. Mondelez International announced its latest disposal, with Australian dairy Bega Cheese buying a clutch of brands including Vegemite. And possible IPOs grabbed the headlines, with UK own-label supplier Bakkavor rumoured to be mulling plans for a listing and Brazilian meat giant BRF confirming it is considering offering shares in halal arm OneFoods.
New owner sought for France's Financiere Turenne Lafayette Fri, 20 Jan 2017 12:13:00 GMT Source: just-food.com A pool of banks led by Rothschild has been commissioned to find a new owner for the embattled French food industry holdings group, Financi?re Turenne Lafayette, the owner of brands including William Saurin ready meals and Madrange meats, a source?told just-food today.
How B&G Foods is balancing growth and decline - 5 things to learn? Fri, 20 Jan 2017 13:05:00 GMT Source: just-food.com Acquisitions have enabled B&G Foods to rapidly scale up in recent years. The company has grown from sales of around US$600m in 2012 to a forecast of $1.6bn in 2017. Two large-scale deals have boosted B&G: Green Giant in 2015 and ACH Foods last year.?However, B&G's underlying sales have not been strong. The group's smaller brands, which generate annual sales in the region of $500m, have struggled.?Even Green Giant is a brand that has been in decline for years. ?At the ICR investor conference in Florida last week,?CEO Bob Cantwell outlined how the company intends to continue to grow in 2017 and beyond.
Trump presidency seen as negative for global food trade - survey Fri, 20 Jan 2017 10:44:00 GMT Source: just-food.com The global food industry believes international trade could become more restricted under Donald Trump as the property magnate-turned-politician prepares to be sworn in as US President later today (20 January).?