Bright Food to Absorb State-Owned Shanghai Fisheries Group

The Shanghai municipal government announced a fresh round of reform and restructuring of local State-owned enterprises on Thursday [18 May 2017]. As part of the reform, Bright Food (Group) Co Ltd will absorb Shanghai Fisheries Group Co Ltd. Shanghai Fisheries will thus become a wholly owned subsidiary of Bright Food…Full Article: China Daily May 2017

Shanghai’s Bright Food to Sell a Majority Stake of its Weetabix Cereal Investment to USA’s Post Holdings

Shanghai-based food conglomerate Bright Food Group Co has confirmed it will sell the majority of its stake in UK cereal brand Weetabix to U.S. cereal company Post Holdings, the group’s spokesman told China Daily on Tuesday [18 April 2017]. The sale is projected to be worth $1.76 billion, according to Reuters. Bright Food will remain

Bright Food Group’s Shanghai Maling Completes 50% Acquisition of New Zealand’s Silver Fern Farms

China’s biggest meat processor completed a deal Tuesday [6 December 2016] to buy a half stake of New Zealand’s biggest meat cooperative. The deal sees Shanghai Maling take a 50-percent interest in Silver Fern Farms (SFF) at a price of NZ$267 million ($190.58 million)…Full Article: China Daily Dec 2016 Key Point New Zealand’s Silver Fern

New Zealand’s Government Approves 50% Purchase of Silver Fern Farms by Bright Food Group’s Shanghai Maling

Authorities in New Zealand on Tuesday [20 September 2016] gave the final go-ahead to the country’s biggest meat cooperative to sell a half stake to China’s biggest meat processor. Minister for Land Information Louise Upston and Associate Minister for Finance Paula Bennett gave the approval of Shanghai Maling’s application to purchase a 50-percent interest in

Shanghai’s Bright Food Group Pushing for Massive Layoffs at its Recently Acquired Israeli Food Company

Chinese company Bright Food is extremely disappointed with the weak performance of Tnuva Food Industries Ltd. since its acquisition of Israel’s largest food producer. Forecasts on the company’s performance have not been met and newly appointed CEO Eyal Malis is now being asked to implement a streamlining process that will involve hundreds of layoffs. The

Shanghai’s Bright Food Group Completes Acquisition of Spain’s Miquel Alimentacio

Bright Food (Group) Co Ltd, the Shanghai-based food giant, has completed the acquisition of Miquel Alimentacio Grup, Spain’s second-largest food distributor, in a move to expand its European distribution network. The 110-million-euro ($123.15 million) takeover was made jointly by Shanghai Tangjiu Group Co Ltd, a fully owned Bright Food subsidiary which took a 72 percent