Louis Dreyfus to exit dairy business as part of strategic focus

NETHERLANDS – The global agri-merchant firm, Louis Dreyfus Company B.V. has announced decision to exit its dairy business by mid-2019 as part of strategy to focus on core business operations. As one of the leaders in the world's agricultural product trade flows, the company is looking to exit non-core areas and focus on key product…

Arla Foods sells German cheese factory to Belgian packer Vache Bleue

GERMANY – The Danish dairy producer, Arla Foods has sold its German cheese production site in Bad Worishofen, Bavaria to Vache Bleue, a Belgian seller, distributor and packer of cheese. As part of the sale, Arla has sold its shares in Muhlbach-sur-Munster based French cheese processor, Martin Sengele Produits Laitiers to Vache Bleue. Bad Worishofen…

South Africa’s Famous Brands shuts down 14 Gourmet Burger Kitchen stores

SOUTH AFRICA - Famous Brands, a South African holding company and food service franchiser has closed 14 out of its 17 Gourmet Burger Kitchen (GBK) under-performing stores after the approval of a restructuring plan by creditors,reports Business Day. Indications are that the UK –based stores have been struggling with low consumer spending,rising cost of labour,…

Fonterra to unwind Australian joint venture with China’s Beingmate

AUSTRALIA – New Zealand dairy co-operative Fonterra reached a provisional agreement with Chinese infant formula group Beingmate Baby & Child Food Co Ltd to unwind their joint venture in Darnum, Australia. The unwinding details which are yet to be disclosed include the Darnum plant which produces nutritional powders including infant formula for Fonterra, Beingmate and…

Coca-Cola Amatil confirms Australian SPC fruit unit sale

AUSTRALIA – Coca-Cola Amatil has confirmed that it will be selling its fruit and vegetable processing unit in Australia, SPC, a business that has been making losses over the years. The company which has also warned of declining beverage volumes in Australia embarked on a strategic review of the business in August this year with…

KFC India sells 13 restaurant stores to franchise partner Devyani

INDIA – KFC India, fast food restaurant chain owned by American Yum! Brands, is re-strategizing and has sold an additional 13 restaurants to Devyani International, its largest franchise partner, which is promoted by Ravi Jaipuria’s RJ Corp, reports ET Retail. Devyani has acquired KFC restaurants in Kerala and Goa, as part of KFC’s strategy to…

Rhodes Food to acquire RCL’s protein snacking business for US$2.1m

SOUTH AFRICA - Rhodes Food Group, one of the top listed food companies on Johannesburg Stock Exchange has said that it is in the process of concluding a deal to acquire RCL Foods’ protein snacking business for US$2.15 million. The transaction which is subject to regulatory approval will see Rhodes Food integrate the yet to…

FrieslandCampina considers closure of cheese production facility in Bree, Belgium

BELGIUM – Royal FrieslandCampina has said that it is investigating the possibility to close its mozzarella cheese production location in Bree, Belgium since the production facility ‘does not live up to the profitability expectations’. The company said management is considering to stop continuation of operations at the facility as it does meet the company’s long-term…

Premier Foods CEO Gavin Darby to step down, considers Ambrosia brand sale

UK – The British grocery and food manufacturer has said that its Chief Executive Officer, Gavin Darby will step down from the company in January, soon after announcing that it is considering sale of its Ambrosia brand. Darby will be leaving after six years as CEO at the company that has been heavily indebted in…

Kellogg’s considers sale of cookies and fruit snack units to focus on core business

USA - The Kellogg Company has announced that it is looking to reorganize its business in North America and is considering sale of cookies and fruit snacks businesses to refocus and align to core parts of the company. The cookies business portfolio includes Keebler, Famous Amos, Mother's and Murray brands while the fruit snacks category…