Japanese instant noodle maker Nissin Foods has agreed to buy a 17.27 percent stake in Premier Foods from an existing shareholder, the British company said on Thursday.
The announcement comes a day after Premier said it had rejected two takeover approaches from U.S. spices maker McCormick. McCormick has until April 20 to make a firm offer.
Premier and Nissin are seeking to finalize the terms of a relationship agreement that is conditional on Premier no longer being in an offer period.
By Martinne Geller in London
Source: Reuters
Schumacher will replace Alan Jope, who announced his decision to retire last September, less than a year after a failed attempt by Unilever to buy GlaxoSmithKline’s consumer healthcare business and just months after activist investor Nelson Peltz joined the company’s board.
Globally, plant-based ice creams have doubled their share of the market over the last five years, according to Tetra Pack. Pea protein and coconut milk are leading the way, but Tetra Pak cites data showing that oat-based ice cream launches have doubled in the previous year.
A myriad of so-called eco-labels are being rolled out across various F&B products, but with no gold standard or strict rules governing precisely what the logos mean and what methodology is behind them, concerns are growing that they will confuse consumers and ultimately be counterproductive.