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1 week ago | 
just-food.com | Shivam Mishra
The UK government has temporarily suspended import tariffs on 89 products, including a variety of food and drink items. The suspension covers products including pasta and fruit juices. In a statement, the UK government said that the move, effective until July 2027, could save UK businesses at least £17m ($22.5m) annually. The cost savings could be passed on to consumers ahead of the summer season, “meaning lower food prices in supermarkets, restaurants and pubs”, the statement added.
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1 week ago | 
just-food.com | Shivam Mishra
Langford’s, a Welsh meat-products manufacturer, has been acquired by Literacy Capital and industry veteran Mark Chantler. While financial details of the transaction were not disclosed, the deal saw the publicly listed Literacy Capital and Chantler “invest 50:50” in Langford’s, the investment firm told Just Food. In a statement, Literacy Capital described Langford’s, which is focused on producing sausages, as a “trusted brand with deep heritage” in food manufacturing.
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1 week ago | 
just-food.com | Shivam Mishra
Cal-Maine Foods has disclosed it is part of the investigation by the US Department of Justice (DoJ) into the high egg prices seen in the US in recent months. The company, one of the largest suppliers of eggs in the US, has disclosed that in March, it “received civil investigative demand” linked to what the company called “a widely publicised investigation by the Antitrust Division of the Department of Justice into the causes behind nationwide increases in egg prices”.
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2 weeks ago | 
just-drinks.com | Shivam Mishra
Monster Beverage has criticised a report by Spruce Point Capital Management, saying it has “false and misleading characterisations” from “non-credible sources”.
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2 weeks ago | 
just-food.com | Shivam Mishra
Norma Chu, CEO of Asian consumer food company DayDayCook (DDC), has moved to reassure investors following what she described as a week of “unprecedented volatility in global markets”. On Friday (4 April), the NYSE-American halted trading of DDC shares, which were trading below $0.10 per share “amid a broad market sell-off”.
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2 weeks ago | 
internationalaccountingbulletin.com | Shivam Mishra
Baker Tilly, a US advisory, tax, and assurance firm, is in discussions to acquire local rival Moss Adams in a deal valued at more than $2bn, reported Financial Times, citing sources. The Chicago-based firm, which sold a majority stake to a private equity consortium led by Hellman & Friedman in February 2024, aims to accelerate acquisitions and increase its market share in the rapidly consolidating accounting and consulting sector.
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2 weeks ago | 
just-food.com | Shivam Mishra
Woolworths has received the go-ahead from the Australian competition regulator to proceed with its proposed acquisition of Beak & Johnston. The Australian Competition and Consumer Commission (ACCC) said today (9 April) it “will not oppose” the deal. The acquisition involves Australian grocer Woolworths purchasing the 77% interest in B&J City Kitchen Pty and Alors Holdings Pty that it does not currently own, along with 100% of Beak & Johnston NZ Pty.
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2 weeks ago | 
internationalaccountingbulletin.com | Shivam Mishra
EY announced a global restructure that will rationalise its regional divisions, but EY Oceania’s leadership and structure will remain unchanged, reported The Australian Financial Review (AFR). The restructuring involves merging 18 regional structures into ten super regions, and cutting three overarching geographic groupings. This move is expected to lead to job cuts, particularly among staff reporting to the Asia-Pacific geographic grouping, according to AFR.
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2 weeks ago | 
just-drinks.com | Shivam Mishra
B Lab, the non-profit organisation responsible for B Corp certification, has unveiled new standards. Described as the “most significant evolution” since B Lab’s founding in 2006, the updated B Corp standards include the adoption of climate action plans aligned with the 1.5°C goal. “As the climate crisis intensifies and societal inequality grows, the standards provide companies with clarity on how they can take meaningful and tangible action on issues facing people and the planet,” B Lab said.
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2 weeks ago | 
just-food.com | Shivam Mishra
Australian confectionery company Yowie Group has warned that newly implemented US tariffs on Chinese goods could will take a hit to its costs. In a market update on the ASX yesterday (7 April), the group said the 54% tariff on Chinese imports to the US “are likely to have a significant impact on Yowie’s cost base”.
