In the second installment of this series, three business leaders discuss important recent trends in the consumer sector.
A memorandum of agreement was signed by Mr Ricardo S Po, Chairman Emeritus, Century Pacific Group-RSPO Foundation Inc*, and Father President Jose Ramon T Villarin SJ, Ateneo de Manila University, to establish the Ricardo S Po Professorial Chair for Excellence in Business, an endowment for faculty development in the Ateneo de Manila University, starting in School Year 2018-2019.
Century Pacific Food, Inc. (CNPF), the Philippines’ largest canned food company, saw its consolidated net income grow 10% year-on-year for the first three months of 2017. Profits during the period reached Php701 million, driven by continued revenue growth across all business units and cost management initiatives.
Century Pacific Food, Inc. (PSE: CNPF) announced today the acquisition of the Philippine license for Hunt’s, the country’s number one pork & beans brand.
Under the deal, CNPF will purchase the rights to manufacture, sell, and distribute Hunt’s branded products in the Philippines from Hunt-Universal Robina Corporation (HURC), a 50-50 joint venture between locally listed Universal Robina Corporation (URC) and ConAgra Foods (ConAgra).