Brazil meatpacker JBS SA said on Monday that it had signed a memorandum of understanding with Hong Kong’s WH Group to supply up to 3 billion reais ($717.26 million) of fresh beef, poultry and pork per year to the Chinese market.
The first shipments under the agreement are expected to take place in the first quarter of 2020, JBS said in a securities filing. ($1 = 4.1826 reais)
By Jake Spring
Source: Reuters
After eight years with Nestlé, François-Xavier Roger, executive vice president and chief financial officer (CFO), has decided to leave the company to pursue new professional challenges, making way for finance boss Anna Manz. Meanwhile, Unilever announced that Graeme Pitkethly, CFO, will retire by the end of May 2024, and the hunt is on for his successor.
International spirits company Bacardi Limited has announced the appointment of Alicia Enciso to its board of directors. Enciso joins with more than 30 years of experience with multinational Fortune 100 Companies in the food and beverage sector with roles as general manager, president, chief marketing officer and e-business officer.
According to Innova Market Insights, when it comes to beverages, consumers are willing to pay more for what they value most, despite rising inflation. Additionally, consumers want brands that respond to their core values and have the benefits they seek, such as sustainability and functional ingredients.
