Martha Stewart Living Omnimedia, Inc., New York, N.Y., said it will partner with The Hain Celestial Group, Inc. and its affiliate Hain Pure Protein Corporation to introduce a new Martha Stewart-branded food line at retail.
Poultry giant Pilgrim's Pride Corporation, Pittsburg, Texas, and several of its subsidiaries will file a joint plan of reorganization and disclosure statement under Chapter 11 of the Bankruptcy Code.
With retailers holding ready-to-eat meat and poultry processors to
relatively defined price levels, the only way to effectively increase
profit margins is to lower production cost without sacrificing food
quality or safety.
A Wall Street Journal article says Brazilian processor JBS SA, parent company of JBS Swift, is about to pay $2 billion to acquire poultry giant Pilgrim’s Pride Corp.
Pilgrim's Pride Corp., Pittsburg, Texas, said it will close its Dalton, Ga., chicken processing plant within 60 days and consolidate production into the company's Chattanooga, Tenn., operation.
After several rounds of reported negotiations, Pilgrim's Pride Corp., Pittsburg, Texas, said it agreed to sell its Farmerville, La., chicken complex for $80 million to Foster Farms.
Chicken processing giant Pilgrim's Pride Corp., Pittsburg, Texas, said the U.S. Bankruptcy Court for the Northern District of Texas has approved the company's hiring of Don Jackson as president and CEO.