Manila / PH. (jfc) Jollibee Foods Corporation, operator of the Philippines largest fast food network, is a restaurant chain that has also locations in the United States, Hong Kong, Vietnam, Indonesia, Dubai and Brunei. It is an American style fast-food restaurant with Filipino-influenced dishes specializing in chicken, burgers and spaghetti.
Lupfig / CH. (hag) The Swiss Hiestand Group is on track to achieve its sales target of 700 million CHF for the full year, and all its other stated goals. Hiestand boosted its sales by 49,7 percent to 353.2 million CHF in the first six months of 2007.
Beijing / CN. (gov) China would strengthen exchanges and cooperation with other countries to cope with the issue of food safety «in a responsible way», Premier Wen Jiabao said in Beijing. China´s food quality was called into question both locally and globally, so the government has taken since the end of July some measures as follows:
Beijing / CN. (gov) The Chinese government started a four-month nationwide campaign to improve the quality of goods and food safety. During her speech at a conference on quality and safety issues last week, Chinese Vice Premier Wu Yi described the campaign as a «special battle» to ensure the people´s health and interests and maintain a good image of Chinese products.
Miami / FL. (bk) Burger King Holdings Inc. delivered robust results for the fourth quarter of 2007 and with own words a record 2006/2007 fiscal year, driven by significant improvement across key business drivers – marketing, products, development and operations. Revenues, net income and earnings per share improved substantially over the prior periods.
Minneapolis / MN. (cg) Cargill Inc. reports net earnings of 628 million USD in the fiscal 2007 fourth quarter ended May 31, up 75 percent from 358 million USD (1) in the same period a year ago. Results reflected increased earnings from operations as well as a decrease in income tax-related expenses. For the full fiscal year, Cargill earned 2,34 billion USD, a 36 percent increase from 1,73 billion USD (2) a year ago. Results reflected increased earnings from operations and decreased income tax-related expenses in the third and fourth quarters.
Ghent / BE. (vg) The Vandemoortele Group announces that it takes over the Polish frozen bakery business of the Group Dossche, Gourmand Poland. The company with a turnover of three million Euro in Poland and a number of other Central European countries produces and sells frozen bakery products.
Berlin / DE. (ftd) McDonald´s Corporation, the world´s biggest fast food chain will invest up to 600 million Euro in Europe this year. «We are an American brand but we have to be more European», said President and Chief Operating Officer Ralph Alvarez to Financial Times Deutschland.
Chicago / IL. (sl) Food maker Sara Lee Corporation says its fourth-quarter profit soared due to higher sales in nearly every division, led by retail meats and household and body care products. For the quarter ended June 30, net income climbed to 117 million USD from eight million USD in the prior-year quarter.
Amsterdam / NL. (csm) Dutch food group CSM has made further progress with the implementation of its initiatives in the first half-year of 2007. The country-based European Bakery Supplies organization is being transformed into a market-oriented European business unit structure.