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Biden fights meatpackers on price inflation

U.S. President Joe Biden has announced plans to tackle the current market power of the large meatpacking companies dominating the industry, including US$1 billion to assist the expansion of independent processors and new competition regulations.

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JBS uses satellite for cattle supply monitoring

Speaking during an event in Sao Paulo, Brazil, Gilberto Tomazoni, CEO of Brazilian giant meatpacker JBS, said the Company is using satellites to monitor an area of ​​450,000 sq m in the country to ensure that it is not buying cattle from deforested areas.

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Kering not planning to sell the Puma brand

Francois-Henri Pinault, the CEO of Puma’s parent Kering, ruled out a sale of Puma in an interview with Bloomberg Television earlier this week. Press rumours stated that the sports brand was up for sale by Kering which is mainly focussed in the luxury sector.

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