Expansion of the European Frozen Food Business Through the Acquisition of Labeyrie Traiteur Surgelés
First written in FY2018. 1 of 4 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2020.
The whole theme swung hardest in 2021: 1 of 9 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2020Deterioration in the performance of the European businessAnnual report
「Overseas frozen foods posted substantially lower overall profit, despite higher revenue in North America on a local-currency basis and a substantial increase in profit from improved productivity, due to the impact of COVID-19 in Europe and weak performance in the dessert business.」
The impact of COVID-19 and weak performance in the dessert business were factors behind the substantial decline in profit in the European frozen-food business. - FY2019-Q3RestatedAnnual report
「Overseas frozen foods posted higher revenue, driven by expanded sales of Asian and appetizer products in North America and increased sales in Europe.」
It reconfirmed that increased frozen-food sales in North America and Europe contributed to higher revenue from overseas frozen foods. - FY2019-Q1AdvancedAnnual report
「Overseas frozen foods posted higher revenue, driven by expanded sales of Asian products in North America and the impact of newly consolidating a European subsidiary.」
The impact of newly consolidating a European frozen-food company was reflected in business results as higher revenue from overseas frozen foods. - FY2018First statedAnnual report
「The Company acquired Labeyrie Fine Foods, a French frozen food company.」
As part of strengthening its regional portfolio in Europe, the Company described the acquisition of a French frozen food company as a new business expansion initiative.