Bank deal helps JBS stabilise $6.5bn debt – for now
Meatpacker JBS SA has reached a deal with its lenders to stabilise the terms of billions of dollars in debt owed by its JBS Brazil unit.
Archives for July 25, 2017
Was the $1.7bn price tag Dr Pepper paid for Bai justified?
"Early signs suggest Dr Pepper Snapple Group's acquisition of Bai may not generate sufficient returns to justify its rich [$1.7bn] price tag," says Wells Fargo in a note published ahead of the soft drinks giant's Q2 results - due out Thursday.
Hypertension risk soars in ‘metabolically healthy’ overweight Chinese adults
Overweight or obese Chinese individuals — even those with a healthy metabolic phenotype — have a significantly increased risk of hypertension compared to those within the normal weight range.
Aptean: ‘Investments in CRM systems within the F&B industry have been low’
‘The Food and Drink manufacturing industry is typically an arena of tight margins.
US defends chlorine-washed chicken amid backlash
Trade negotiations between the US and UK regarding poultry imports should be based on “sound science”, as opposed to politics and fearmongering.
French people eat too much salt and not enough fibre: ANSES
The French population is consuming more processed foods, too much salt, and - “most importantly” - not enough fibre compared to ten years ago, according to a survey by the country’s food safety agency ANSES.
Amazon's US grocery sales surged 50% to $420m in Q2; perishables up 110%
As a percentage of the overall grocery retail market, Amazon’s $420m in Q2 grocery sales in the US is pretty small fry. But its 50% year-on-year growth is making the whole industry pay attention, says e-commerce data firm One Click Retail.
What does Blue Apron’s roller-coaster stock price mean for the meal kit category’s future?
In an about-face, Blue Apron’s stock is surging on the strength of positive investor ratings published earlier this week, but the meal kit company’s initial rocky start in public trading still could have a negative long-term impact on competitors’...
Excitement builds for Japan's Wagyu Olympics
Japan’s top cattle and meat producers are gearing up to compete in the country’s next ‘Wagyu Olympics’, the country’s premier beef cattle show, to be held in Sendai, Miyagi prefecture, on 7–11 September.
Sadara starts production of propylene glycol at huge new plant
Saudi Arabia’s Sadara Chemical Company has begun production of propylene glycol at a new plant in Jubail Industrial City II.
Dubai turns to cartoon characters to tackle childhood obesity
Dubai plans to tackle childhood obesity by using fun, colourful characters in a bid to persuade kids to eat healthier food.
Clean label viscosifier could boost yields in meat
Ingredion is launching a potato starch-based viscosifier that could increase processed meat yields by making it more slice more easily.
Singapore and South Australia unite to drive functional food innovation among SMEs
Singapore’s government enterprise body SPRING is joining forces with economic development agency Primary Industries and Regions South Australia (PIRSA) to collaborate on functional food innovation.
Bunzl targets growth in large and fragmented French market
Bunzl has made an undisclosed binding offer to acquire a group of businesses in France and has purchased a marketing services firm in the UK.
Neogen develops Listeria test with no enrichment
Neogen Corporation has launched a test that detects Listeria in environmental samples without the need for enrichment.
Nestlé seals 5-year deal with Netherlands logistics firm
Nestlé has partnered with Kuehne + Nagel logistics company to store its chocolate, coffee and culinary products over the next five years.
Avio 500 can look at high and low concentration analytes during same analysis - PerkinElmer
PerkinElmer has launched an Inductively Coupled Plasma Optical Emission Spectrometer (ICP-OES) for high volume labs.
1.3k tonnes of rotten food discovered in UAE’s latest food fraud case
Health inspectors uncovered more than 1,300 tonnes of rotten fruit, vegetables, meat and being sold at unlicensed markets to poor residents in Dubai in the first half of this year.
Ajinomoto set to thaw Europe with multi-million euro takeover
Japanese food giant Ajinomoto has fired up its European growth plans with the acquisition of France’s frozen food business Labeyrie Traiteur Surgelés (LTS) for an undisclosed sum.
Syrian farm production grows, but is still far from pre-war levels
Food security has improved in parts of Syria over the last year, though the overall situation remains far worse than before the war.
Ireland brings in new rules on selling food online
Ireland’s Food Safety Authority has set out new guidelines stating the kind of information that food firms must provide when promoting or selling food online.
Aussie wine firms turn to AI to streamline manufacturing
The Australian wine industry is turning to artificial intelligence to streamline its manufacturing and significantly increase production efficiency by optimising machine use.
UK reports Cyclospora increase for third year in a row
The UK has seen an increase in cyclosporiasis for the third successive year with a link to Mexico.
US consumers favour country-of-origin labelling
Almost nine out of 10 US consumers are in favour of country-of-origin labelling for fresh meat, according to a recent survey.
UrthBox shopping spree continues consolidation in subscription snack segment
With the acquisition of three competitors, healthy snack subscription box company UrthBox hopes to better shine a light on organic and natural brands that otherwise may be caught in the shadow of more broadly recognized but less nutritious conventional...