Hints and tips:
...Retail Food Group was up 5.4 per cent while Super Retail Group rose 2.5 per cent and Harvey Norman Holdings was 2 per cent higher....
...It would also give the world’s largest meatpacker, Brazil-based JBS, further reach in the US through its majority stake in Pilgrim’s....
...JBS has spent the past decade making acquisitions in order to overtake Tyson as the world’s largest meatpacker....
...The board of Hillshire Brands has withdrawn its recommendation to acquire frozen foods maker Pinnacle Foods, clearing the way for Tyson Foods’ $8.55bn takeover bid....
...JBS has spent the past decade making a series of acquisitions to overtake Tyson as the world’s largest meat company....
...It is also a victory for Tyson in its long-running rivalry with Pilgrim’s and its majority owner JBS, the Brazilian company that has spent the past decade making acquisitions in order to overtake Tyson as...
...Pilgrim’s Pride, majority owned by Brazil’s JBS, the world’s largest meatpacker, offered $6.4bn for Hillshire on Tuesday and Arkansas-based Tyson, offered $6.8bn just two days later....
...Its headquarters are on the 12th floor of the iconic Art Deco building the Merchandise Mart, which was historically the home of Chicago’s wholesale goods business....
...up another food company in the way that Inbev took over Anheuser-Busch, for instance....
...(Financial Times) “Under the terms of its deal, Smithfield has 30 days to continue talks with possible bidders Bangkok-based Charoen Pokphand Foods Pcl (CPF) and Sao Paulo-based JBS SA, according to a person...
...And the food unit of energy and agribusiness group Cosan and Camil, Latin America’s biggest rice exporter, created a company working in Brazil’s sugar, rice and fish markets....
...That deal followed the purchase in 2009 of US chicken producer Pilgrim’s Pride by Mafrig’s Brazilian rival, JBS, the world’s biggest beef processor....
...JBS, meanwhile, has been talking to Blackstone about selling Sara Lee’s European coffee business to the private equity group after the deal....
...JBS, a Brazilian company, is also considering a revised bid backed by Blackstone Group, although it has not yet submitted an offer, according to Reuters....
...The latest example is Blackstone’s partnership with JBS, the Brazilian meat producer, in the $13bn auction of Sara Lee, the New York-listed food group....
...Putting Kraft Foods and Cadbury together makes a mouth-watering confection....
...Del Monte Foods rose 7.5 per cent to $11.14 after clocking up its biggest intra-day gain since February....
...The company, which also operates Ralphs and Food 4 Less stores, has come under pressure to slash its prices in the recession to compete with low-price competitors such as Wal-Mart....
...Many of the Giant-Carlisle stores compete directly against Wal-Mart, the giant US discounter....
...CPI numbers showed inflation was lower than expected, with prices for March falling 0.1 per cent, and gaining 0.2 per cent excluding food and energy....
...Customers are instead focusing on buying from discount stores and purchasing necessities such as food and medicine....
...In August, the Pritzkers sold a $1bn minority stake in Hyatt to Goldman Sachs Capital Partners and Madrone Capital Partners, an investment vehicle of Rob Walton, chairman of Wal-Mart....
...In addition to its 2,435 US Supercenters, Wal-Mart also sells food at 128 Neighborhood Markets, a grocery format the company launched in 1998....
...But he admits that the French food market has been tough with pressure on profit margins from cut-throat competition and a rise in global food prices....
...Shares in the fast-food chain gained 0.7 per cent to $59.77....
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