Italian meat packer and foodservice operator Cremonini has reported net profits of €2.5 million for 2002, a welcome return to the black after the company incurred losses totalling some €13.5 million in 2001.
Researchers in Canada are developing a natural antibody cocktail that they claim can help prevent the most common foodborne germs, including E. coli and Salmonella, in a range of fresh foods including meats.
The Scientific Steering Committee has a number of new resolutions to help fight both BSE and TSE in Europe. The resolutions include the approval of a test kit for BSE from Swedish company Perbio Science.
A year of reorganisation and consolidation for Spanish meat group Campofrio ended with slight declines in sales and profits. But the company's East European operations performed particularly well during the year.
The 14 member companies of the Migros food group in Switzerland have generated combined sales of SF4bn for the first time ever, helped in particular by strong export sales from Swiss Delice and private labels.
A particularly strong performance from the cooked meats and ready meals unit helped France's Fleury Michon to post sales in excess of even its own bullish expectations in 2002 - and 2003 is likely to see even further growth.
A 40 per cent decline in customer numbers in the last few weeks of December as a result of allegations of fraud relating to the BSE crisis has impacted annual results at French fast food chain Buffalo Grill. But the company continues to protest its innocence.
Diageo has once again agreed to sell the Burger King fast food chain to an investment group led by the Texas Pacific Group - but this time for $1.5bn rather than $2.26bn, a fairer reflection of the company's value after a sharp downturn in the market...
Continued growth in the prepared foods market in the UK has helped Geest to a 16 per cent rise in sales in the first 10 months of 2001. And the expansion of major retailers into the convenience sector is expected to give a further boost to sales in the...
Turkey's leading private sector company, Koc, is to merge its four food business units into one group under the Tat name. The diversified company will become the leading player in the Turkish food sector.