Food and Beverages

China begins probe into former chairman of Manassen Foods owner

Wang Zongnan is suspected of accepting bribes and embezzling public funds.

Private equity eyes Menora Foods

The food company has received interest from domestic and offshore players keen to tap into the Asian market

Chaos looms for restaurants – so sack the bank

6 comments
Despite a 12-month lead up to compulsory credit card PIN numbers, many restaurants are woefully unprepared for the impending switchover. The banks, more focused on their mortgage clients, have disgracefully neglected these small business customers.

Freedom Foods looks to expand in China and US

Freedom Foods on lookout for further Chinese partners as it mulls takeovers in the US.

No burgers at some China McDonald's over expired meat scare

by AFP
McDonald's outlets in Beijing and Shanghai have yanked their flagship burgers off the menu following rotten meat scandal.

McDonald's meat supplier pulls Chinese plant's products

OSI Group to probe possible management failures at Shanghai Husi unit.

NZ apple grower Scales slips on debut

The IPO had been priced at the bottom end of the indicative range.

McDonald's Hong Kong halts nugget sales over meat scandal

by AFP
Hong Kong's Centre for Food Safety orders the suspension of all imports from the Husi Food Company.

Food safety in China: Killing the chicken to scare the monkeys

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Hundreds of thousands of small food producers sell into the Chinese supply chain, and government monitoring is selective. Foreign food chains will need to remain vigilant.

PepsiCo profit slips in Q2

Food and beverage giant lifts FY earnings outlook as revenue rises.

Five held in China expired meat scandal

by AAP
Company officials detained for alleged supply of expired meat to fast food giants.

China probes meat scandal as foreign brands blasted

by AFP
Chinese police are questioning staff of US food supplier OSI Group for selling expired meat.

McDonald's profit flat in second quarter

by AAP
Fast food giant sees revenue lift 1.4 per cent, misses forecasts.

Yum Brands, McDonald's suspend China meat purchases from supplier

Shanghai-based, U.S.-owned supplier under investigation for allegedly selling expired chicken and beef.

PEP sells Griffin’s Foods to Philippine company

Pacific Equity Partners (PEP) has sold its New Zealand snack foods business Griffin’s Foods to Universal Robina Corp for $NZ700 million.

Falling shipments hit Philip Morris' Q2 profit

Profit falls amid shrinking sales for traditional smoking products.

Menora Foods mulls ASX listing

Food marketing and distribution business could be floated after strategic review.

Chinese firm buys UK's Pizza Express chain

by AP
One of Britain's best-known chain restaurants sold to a Chinese private equity firm for about $A1.64 billion.

No grocery price drop from carbon repeal

Woolworths says no reduction in prices likely from carbon tax repeal, Coles also refuses to guarantee price reductions.

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