Irish food group Greencore sells its US wing for more than $1 billion
The Dublin-based firm recently moved to restructure its US business after a profit warning.
The Dublin-based firm recently moved to restructure its US business after a profit warning.
The world’s biggest sandwich maker is still growing fast despite last year’s horse-meat scandal.
Irish funds are taking more risks with pension money… and those holes are growing.
The firm, run by Minister Simon Coveney’s brother, was caught up in the scandal when one of its products was found to have equine DNA.
Greencore’s CEO is Patrick Coveney, brother of Agriculture Minister Simon Coveney.
Rangeland says all products are now being DNA tested before release, after Compass Group says it found horse DNA samples in its products despite Rangeland’s assurances.
Greencore – run by Simon Coveney’s brother Patrick – says its beef was sourced from an ABP plant in Nenagh.
The group has attributed a 44.5 per cent growth in revenue, in part, to the acquisition of UK food manufacturer Uniq.
Workers are calling for previous pay and conditions to be reinstated.