Cargill agrees financial settlement in turkey price-fixing lawsuit
Cargill has agreed a financial settlement in relation to a turkey price-fixing lawsuit, although the US agri-food giant has not…
Hormel Foods
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Hormel Foods CEO James Snee to step down
Jim Snee, the chairman, president and CEO of Hormel Foods, is to step down from the helm of the US…
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Tyson Foods among US poultry processors to settle workers’ wage dispute
Tyson Foods is among a nine-strong group of US poultry processors that have agreed to settle a wage dispute stretching…
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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…
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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…
