Cargill has just completed a “pivotal year”, says its annual report for 2015-16. The big question now is whether the world’s largest agricultural trading house will pivot back to growth.
The US company’s operating profit in its last financial year to the end of May was the lowest since 2011-12, dragged down by weak grain markets that form part of the broad slump in commodities prices.
In response to the downturn, Cargill executives are seeking to simplify and provide greater coherence to a 151-year-old company that has become a sprawling conglomerate. Cargill wants to expand in areas of existing strength and exit those activities where it has little or no competitive advantage.
> Read the full article in the Financial Times
Source: The Financial Times
L’Oréal has acquired Lactobio, a Dabish probiotic and microbiome research company based in Copenhagen. Lactobio was founded in 2017 by Søren Kjærulff and Charlotte Vedel, who developed a proprietary microbiome discovery platform and screening method to select the most effective and safe strains.
Deliveroo introduces “Deliveroo Shopping,” an on-demand online retail service alongside its existing restaurant food and grocery offering. With personal care and cosmetics on offer, the platform will host a range of retail products, from electronics to pet food, from flowers to toys.
The funds will be primarily allocated to boost business growth, integrate new technologies in the industry, expand manufacturing facilities, transform its portfolio and advance the sustainability agenda in Nestlé’s chocolate, coffee, pet care and nutrition segments in Brazil.