Archives for December 21, 2010

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Sara Lee shares soar on JBS buyout rumors

By Caroline Scott-Thomas

Sara Lee Corp. stock soared close to a 52-week high on Monday on reports that it had turned down a buyout offer from Brazilian beef giant JBS.

European food safety bodies to share expertise

By Jess Halliday

The German, French and Danish food safety bodies have signed up to a new cooperation agreement to share findings of food safety studies and avoid duplication of research between experts.

Pilgrim’s Pride appoints new president and CEO

Poultry firm Pilgrim’s Pride has appointed William W. Lovette as president and CEO, succeeding Don Jackson, who is due to resign to take over the position of president and CEO at JBS USA, majority owner of Pilgrim’s.

Joint venture to establish Nigerian ingredients business

By Jess Halliday

PZ Cussons has spied opportunities in edible oils and spreads in Nigeria, and has established a two-pronged joint venture with Wilmar International to ensure the necessary ingredients will be available at the right cost and quality.

UK consults on bisphenol A ban

By Rory Harrington

A wide-ranging consultation process has been launched by UK authorities over the European Commission’s decision to outlaw bisphenol A (BPA) in polycarbonate baby bottles from 2011.

Court sets Coca-Cola, PepsiCo infringement trial date

By Caroline Scott-Thomas

The Coca-Cola Company has been granted a preliminary trial date in June 2011 to challenge PepsiCo over its Trop50 juice packaging design, which Coca-Cola claims is too similar to that of its Simply juice range.