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...The £28mn WestCountry purchase (which completed in December 2022) has been successfully integrated, and this drove the 44 per cent rise in foodservice revenue....
...The US Environmental Protection Agency reports that close to 45 per cent of landfill refuse is food waste and packaging....
...Food delivery spending in the country rose by almost a quarter last year to R$40.5bn ($7.8bn), according to a study by GS&NPD and the Foodservice Institute Brazil....
...“Our foodservice volume improved as the restaurant industry began to reopen and recover....
...“For us, this is just catastrophe. We normally generate a third of our annual revenue in the final two months of the year,” Mr Manek said....
...Combined with increased poultry sales from its new Eye facility, this more than offset lower foodservice revenue....
...For Starbucks, the sale of the rights to its consumer and foodservice brands — which include Seattle’s Best Coffee and Teavana tea — to Nestlé is aimed at accelerating the brand’s international growth in...
...Fresh off its acquisition of Weetabix cereal, Post Holdings is adding another breakfast staple to its plate — Bob Evans, the US-based maker of sausages and other foods....
...In 2003, the Dutch group was brought to the brink of bankruptcy by a huge accounting scandal at its US Foodservice division....
...The process can easily break down, as it did in the 2003 Royal Ahold accounting scandal, where employees at its US Foodservice subsidiary conspired with suppliers to lie to the auditors about whether specific...
...Meanwhile, Kirk Tanner, chief operating officer of Pepsi’s North American beverages and global foodservice will become president and chief operating officer of the company’s North American beverage....
...The FTSE 100 group warned it would be hit by the impact of falling prices in the US plastics market, and said that margins would be similar to last year....
...Ahold bought 50 companies in the decade before the accounting scandal, including the US Foodservice business that was the company’s biggest division — and nearly became its nemesis when its executives began...
...US foodservice group Middleby has published a huffy statement urging Aga shareholders to “consider the motivations of the approach for Whirlpool” for the historic Midlands range maker....
...US foodservice group Middleby is in talks to buy Aga Rangemaster....
...With an enterprise value of $26bn, Sysco is the leading US foodservice distributor, the business of delivering supplies to restaurants, hospitals and other institutions....
...It’s the perfect timing for us.”...
...More than a dozen suppliers and three US Foodservice executives, including its chief financial officer, pleaded guilty to US fraud charges....
...“Different companies are jumping on the bandwagon of the success of others,” said Helena Childe, senior foodservice analyst at Mintel, the market research group....
...Retail and Convenience Stores and Foodservice segments reflect that disruption. Its US retail sales in the quarter ended February 23 dropped 2 per cent to $2.62bn....
...Mr Abe’s pressure — from personal lobbying over games of golf to appearances at unlikely industry events such as the Japan Foodservice Association — simply add an extra impetus....
...Just last week, Ahold agreed to pay $297m to settle litigation accusing its former US Foodservice distribution business of defrauding clients through overcharges....
...Foodservice....
...It’s a serious issue for us at the moment.”...
...Ahold’s purchase of US Foodservice is another example, unearthing big problems with “vendor rebates”. Cartels. too, have come to light once new owners were in place....
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