Techies have been trying to optimise the essential act of eating for more than a decade. Now ex-rugby player Darren O'Reilly is trying to take on the big players and replace supermarket meal deals with powder and water.
Following its acquisition by the food dynasty scion, National Organic 160 Products has reported steady trading, directors’ payouts and a new destination for its cash reserves.
The vegan ready-made brand was expecting new funding last October but has now entered an insolvency restructuring regime.
Bio-Marine Ingredients Ireland wants to replicate the dairy industry's success in turning milk into high-value ingredients – but with fish. A failed funding round last year led to a restructuring of the business, which its CEO says is now seeking to raise €3m.
The nutrition group’s true performance is to be found deep in its capital efficiency. And this means moving away from dairy processing – except in the US, its boss Siobhán Talbot tells The Currency.
The Irish multinational has minimised the importance of physical ingredients in its technology-driven business model, insulating last year’s profits from rising food prices. A record US food safety fine to be imposed this year does not even register in annual accounts.
Seamus Kearney will remain a board director of Valeo and he continues to have a significant investment in the business. "I remain incredibly passionate and excited about the future for Valeo Foods," he said.
The performance of companies acquired by Larry Goodman from fellow beef baron Bert Allen in recent years allows a rare insight into the otherwise secretive ABP Food Group. Its Wexford-based beef and lamb business is the latest to disclose information.
Recent days have seen major components of inflation – energy, grain and freight prices – fall back to the levels seen before Russia’s invasion of Ukraine. Yet market observers offer no guarantees that this will last.
When the Swiss food multinational acquired Pfizer’s infant formula business in 2012, it claimed the cost of unwinding intercompany debt as a tax-deductible expense. The Tax Appeals Commission has now decided the case.
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