Saputo transition, Premier's volume uptick, Lactalis alt.-milk play, Nestlé pet thrust – Just Food's week in data [Yahoo! Finance]
PREMIER FOODS UNSP/ADR (PRRFY)
NASDAQ:AMEX Investor Relations:
premierfoods.co.uk/investors/investor-centre
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Source: Yahoo! Finance
Saputo in Canada surprised markets with the announcement its president and CEO – the grandson of the founding family member - would step down in the summer to become the dairy group's executive chairman. The transition for Lino Saputo Jr., who has occupied the CEO seat for two decades, comes three months after the company reported an unprecedented quarterly loss, although that was not cited as a factor. Over in another section of the supermarket aisle, sweet treats and sauces supplier Premier Foods in the UK, indicated volumes have taken over from inflation-induced price increases to drive revenue growth. In a shout-out to milk alternatives, dairy major Lactalis launched a range of plant-based drinks in Canada, where the market is slated to reach more than half a billion US dollars before the decade's end. Nestlé, meanwhile, revealed yet another capital investment in the pet-food category with plans to extend a factory in Mexico for its Purina brand. Saputo CEO shift Carl
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