Big Food’s stake in the future – in-house venture-capital funds’ investments
For Big Food companies looking to gain exposure to new, exciting, potentially faster-growing categories, M&A remains a popular route. But…
Hormel Foods
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Eyeing alternatives – meat companies with stakes in meat-free and cell-based meat
The rise of plant-based products and the arrival of cell-cultured options as meat alternatives are trends very much on the…
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Cargill, Hormel settle wage claims but deny wrongdoing
Major US meat processors Cargill and Hormel Foods have settled a lawsuit claiming they fixed workers’ wages. Confirming the settlements,…
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Hormel Foods lowers sales guidance after commodity price drop
US-based Hormel Foods has cut its forecast for annual net sales due to lower commodity prices and “production disruptions” at…
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Hormel ponders pricing stance as signs of consumer pushback emerge
US-based Hormel Foods has not committed to ending pricing activity but the Skippy peanut butter and Spam canned meat owner…
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Hormel Foods cuts sales guidance as international business stutters
Hormel Foods is expecting to see no sales growth in full-year 2023 as it tackles inventory issues and a weaker-than-expected…
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Hormel Foods defends pricing actions as further increases planned
Hormel Foods plans to increase prices again before the end of July, balancing margin recovery with maintaining customer relationships. “We're…
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Hormel Foods takes minority stake in Indonesia’s GarudaFood
Hormel Foods has acquired a minority interest in Indonesia’s GarudaFood Putra Putri Jaya from CVC Capital Partners and shareholders. The…
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Hormel Foods CEO Jim Snee braces for “volatile, high-cost” new year
Hormel Foods is braced for another “volatile” year, characterised as a “complex and high-cost environment”. The remarks by chairman, president…
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Hormel Foods ‘in talks to buy CVC Capital’s stake in Indonesia’s GarudaFood’
Hormel Foods could be on the verge of taking CVC Capital Partners minority stake in Indonesia’s GarudaFood Putra Putri Jaya.…