Summary: The former CFO of Archer-Daniels-Midland, Vikram Luthar, is facing a lawsuit filed by the Securities and Exchange Commission (SEC) for allegedly inflating the performance of the company’s Nutrition business segment through retroactive adjustments in fiscal years 2021 and 2022.…
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pay
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The Campbell’s Company Acquires Majority Stake in Rao’s Pasta Sauce Maker The Campbell’s Company has announced its acquisition of a 49% stake in La Regina, the manufacturer of Rao’s pasta sauce, with an option to purchase the remaining shares. The…
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New Climate-Smart Agriculture Investment by JBS USA in New York JBS USA, the U.S. subsidiary of the world’s largest beef and poultry producer, has committed to investing $1.1 million in climate-smart agriculture initiatives for New York farmers. This decision comes…
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Summary: Beyond Meat is facing challenges as it struggles with declining sales, leading to delays in bill payments. Data from Creditsafe shows that Beyond Meat’s days beyond terms (DBT) have more than doubled in the past year, reaching 19 days…
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Key Points: Beyond Meat secures $100 million in funding from a plant-based nonprofit to address financial challenges. Unprocessed Foods provides debt financing in exchange for the option to purchase up to 12.5% of Beyond’s shares. Beyond Meat reports declining sales,…
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Key Takeaways: Unilever’s CFO, Fernando Fernandez, will be taking on additional responsibilities for supply chain, procurement, digital and technology, and business services as part of a major executive leadership reorganization announced by the global food and household retailer on Monday.…