Brazilian meat giant JBS has agreed to pay $25m in compensation to commercial beef buyers after being accused of conspiring.

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News

Just Food
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Nestlé invests in Purina pet-food production in Thailand

4+ day, 8+ hour ago   (409+ words) The investment will expand the company’s manufacturing site in Rayong, which produces pet food and treats. Nestlé is spending more than SFr157m ($194.1m) on “strengthening” Purina pet-food production in Thailand.The Swiss giant said the investment is in response to rising pet-food…...

Just Food
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Danone “very bullish” on fresh dairy amid US questions

4+ day, 10+ hour ago   (50+ words) just-food.com Investors have queried the recent performance of Danone’s fresh-dairy business in the US but management is positive about the company’s prospects there – and more broadly. With a free Just Food profile, you can: Food Industry News, Insights & Analysis…...

Just Food
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Nestlé goes for growth in convenient baking with China, Brazil launches

5+ day, 8+ hour ago   (426+ words) The three-step desserts are a new “key growth platform” for Nestlé. Nestlé is introducing a baking range targeted at convenience, kicking off with Brazil and China. The world’s largest food company said the desserts form part of its “modern cooking…...

Just Food
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Agrofert to plough capex into German baker Lieken

1+ week, 3+ day ago   (281+ words) In a statement to Just Food, the baker said the spending would amount to a “triple-digit million-euro” investment. Agrofert is investing millions to “modernise” its German bakery business, Lieken, under a long-term corporate strategy through to 2030. Of that total, about…...

Google News
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Deoleo shareholders reviewing interest in olive-oil business

3+ week, 3+ day ago   (440+ words) Funds run by Alchemy Partners and CVC Capital Partners are “analysing potential strategic alternatives”, Deoleo says. Deoleo has said its two-biggest investors are reviewing their shareholdings in the world’s largest olive-oil producer. In a stock-exchange filing from Deoleo’s CEO Cristóbal Valdés…...