Tiger Brands’ half year earnings drop 16% on Listeriosis outbreak

SOUTH AFRICA - Half year earnings for the Africa’s biggest packaged-food producer, Tiger Brands dropped by 16% following the outbreak of the ‘world’s worst’ listeriosis outbreak reported to have cost it US$29 million. The deadly listeriosis outbreak which has killed 200 people since early 2017 was linked to one of its meat processing facilities leading…

Famous Brands expects to report US$9.21m loss from Gourmet Burger deal

SOUTH AFRICA - The South African fast-food franchises, Famous Brands said it expected to report a US$9.21m operating loss from the UK acquisition of Gourmet Burger Kitchen (GBK) in the financial year ending February results. Business Day reported its share price fell 5.4% to US$8.03 on Thursday morning after it warned shareholders it expected to…

2 Sisters appoints Ronald Kers as new CEO

UK - 2 Sisters Food Group, Birmingham based privately owned food manufacturing company, has appointed former global CEO of Muller, Ronald Kers as its new Chief Executive Officer effective 1 June 2018. He joined Muller in January 2017 as UK CEO, combining periods of service from Nestle SA where he joined in 2003 responsible for…

USDA appoints administration officials to its food safety agency

USA - U.S. Secretary of Agriculture Sonny Perdue has announced the appointment of Carmen Rottenberg and Paul Kiecker to the positions of administrator and deputy administrator respectively within USDA’s Food Safety and Inspection Service (FSIS). “Providing all Americans access to a safe and secure food supply is one of USDA’s critical missions,” said Secretary Perdue.…

Astral Foods manage improved results with 15% revenue increase despite bird flu

SOUTH AFRICA - Astral Foods, the South African integrated poultry producer has reported positive results, having managed 15% increase in revenue to US$535.93 million despite challenges with the Avian influenza in the period, according to IOL Business report. While operating profit grew by 392.6%, the group’s operating profit margin increased 15.7% as compared to the…

Astral commits US$104.7m investment in plant expansion in 3 years

SOUTH AFRICA - Astral Foods, a leading integrated poultry producer has announced plans to invest in plant expansion with more than US$104 million in capital expenditure for the next three years to improve capacity and efficiencies, according to Business Report. Astral CEO Chris Schutte revealed the plans after reporting improved results, a 15% rise in…

Brazilian meat producer BRF reports loss in Q1 following trade bans

USA - BRF S.A, the Brazilian food company has registered a loss of US$32 million in the quarterly results despite rising domestic sales citing a difficult trading environment especially after trade bans imposed by Russia and Europe on Brazilian meat products. As a result of trade bans, the company was forced to send workers on…

Beyond Meat to target sales in Europe, Asia and Africa this year

USA - The Los Angeles plant-based meat substitute producer, Beyond Meat is seeking to go beyond the US in a global expansion as it targets to enter over 50 new markets around the globe. According to an article by FoodBev, the brand will work with leading distribution and foodservice partners to roll out its Beyond…

Naspers to advance investments in SA’s rapidly growing food delivery market

SOUTH AFRICA - The South African tech and ecommerce giant Naspers Ltd has declared interest to ramp-up investments in South African food delivery business Mr D Food after selling its 11.18% stake in India’s largest e-commerce marketplace, Flipkart, to US retail juggernaut Walmart. According to Business Day, the company also raised US$12.18 billion from selling…

Pinnacle Foods recalls beef products for possible toxin contamination

USA - Pinnacle Foods Inc., the New Jersey packaged foods company has recalled about 32,479 pounds of dried beef for possible toxin contamination that may be as a result of a processing deviation. The recall, announced by USDA said that the heat-treated, shelf-stable beef products could be possibly contaminated with staphylococcal enterotoxin and clostridial toxin.…