IFF recommends company shareholders do not tender their shares in response to an unsolicited mini-tender offer from TRC Capital Investment Corp. to purchase up to 1.5 million shares of IFF’s common stock.
Asked about trends in private label bread sales, Fred Penny, president of BBU,
began by affirming the important role store brands play in the bread category as well as “in multiple food categories.”
Beyond Meat, Inc. recorded a loss of $366 million during fiscal year 2022, ended Dec. 31, 2022, more than double the loss of $182 million the company endured the year prior.
Pilgrim’s said it was at a 66¢ loss per share, down from $36.46 million in the same period a year ago. Losses, adjusted for one-time gains costs, were 49¢ per share.
Key strategic accomplishments across the business, particularly the company’s progress on productivity and innovation objectives, lifted fiscal 2022 earnings and revenues at ADM, said company executives.
Joanne Knight has been named acting chief financial officer of Cargill. She will fill the role of Jamie Miller, who will step down on Jan. 13 to take an opportunity outside of Cargill, the company said.