Archives for September 16, 2009

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Pilgrim’s Pride agrees to JBS takeover

By Rory Harrington

US chicken processor Pilgrim’s Pride has agreed to sell a majority stake of the company to Brazilian meat giant JBS in a deal worth $800m.

Weight Watchers sues Nestlé over trademark use

Weight Watchers International sued Nestlé on Wednesday, claiming that the world’s largest food company has misused its logo and points system to promote its own frozen foods brands, say newswire reports.

Cadbury confident despite Kraft bid

By Carina Perkins

Cadbury has given a confident presentation of its stand-alone strategy in the midst of speculation that the company is unlikely to hold onto its independence following Kraft’s failed take-over bid.