Hints and tips:
...The pandemic provided a boost to packaged and processed foods, however, as consumers confined to their homes turned back to comfort foods and familiar brands....
...Whether that is meat substitutes, electric cars or sustainable fashion, businesses have searched for ways to make doing your bit easy and pleasurable, although often at a premium price....
...It sounds like a curse to me, but Kempczinski got used to an on-brand diet as he rose through America’s consumer packaged goods sector....
...Smithfield, a leading US pork processor, has temporarily shut three plants, including one in Sioux Falls, South Dakota, where hundreds of employees tested positive....
...The corporation said late on Wednesday that it had agreed “in principle” to close the historic meat market on the north-western edge of the Square Mile and merge it with its two other wholesale markets,...
...Investors soured on Hormel Foods on Thursday, after the meat and packaged food company revised down its net sales forecast as it contends with pressures on pork sales and potential tariff-related risks....
...In the half-year to June, WH Group recorded a 5 per cent drop in Chinese packaged meat revenues to $1.6bn, about 15 per cent of the group’s total....
...Refrigerated foods — which make up almost half of Hormel’s net sales — saw revenue decline 6 per cent, primarily as a result of the divestiture last year of its Farmer John meats business to Smithfield Foods...
...One example was the WH Group, an amalgamation of heavily indebted Chinese pork producer Shuanghui with US meat business Smithfield Foods. WH Group has struggled with a low stock valuation since then....
...The disused General Market sits close to the Central Market, which continues as a wholesale meat business, as well as the renewed transport hub of Farringdon, part of the Thameslink rail network, London...
...This year, too, will benefit from a full 12 months of the company’s $125m US-standard packaged meat factory in China....
...It had planned to convert the Victorian former meat market into shops, bars, cafés and offices....
...Potential targets could including Pinnacle Foods, Kerry Group’s frozen food business, the meat substitute maker Quorn or even parts of larger consumer companies such Unilever or Nestlé....
...Chinese appetite for international food companies has grown in particular, with Shuanghui International buying US pork producer Smithfield Foods last year....
...In return, WH Group gained top global market share in hog production, fresh pork sales, packaged meat sales and packaged pork sales, overtaking the likes of Cargill and Tyson....
...This has compelled packaged foodmakers to focus on – or buy – popular brands that can win some of the limited shelf space....
...Site freeholder the City of London Corporation supports the proposal, as do the local and citywide planning authorities, the Smithfield meat traders’ association and government conservation adviser English...
...State-backed Chinese companies made several investments in food production in Ukraine before the political crisis erupted and meat producer Shuanghui’s investment in Smithfield Foods, the largest US pork...
...The activist investor said splitting the company into three parts – US pork production, pig farming and global sales of fresh and packaged meats – could value the company “well in excess” of the offer....
...of WH Group after its highly leveraged purchase of US pork producer Smithfield Foods....
...Hormel processes turkey and pork and manufactures packaged foods such as Spam and Dinty Moore stew. Now is a good time to be in the turkey business....
...While the company’s packaged meats business performed well, its hog production and fresh pork segments struggled amid high grain prices and Russian and Chinese bans on ractopamine, a growth supplement....
...Starboard Value, which holds a 5.7 per cent stake in Smithfield, said splitting the company into three parts – US pork production, pig farming and global sales of fresh and packaged meats – could value the...
...pork and packaged foods....
...Shuanghui plans to use the Virginia company to export pork to China from the US, and to learn how to run a global meat processor without the kinds of food safety problems that have damaged the reputations...
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