All Food & Beverage articles – Page 6
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ArticleHow some companies are hedging supply chain risk during pandemic
As financial hardships caused by the coronavirus pandemic take their toll, some forward-thinking companies have made changes to the benefit of suppliers, serving as leaders for others in their industry.
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ArticleEuropean regulators warn coronavirus villains will be punished … eventually
While EU regulators have not engaged in investigations yet or launched many (or any) coronavirus-related enforcement actions, lawyers warn they will do so later down the line and believe they will tackle “worst offenders” first.
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ArticleAnalysis: Luckin Coffee saga a case of déjà vu?
Financial crime expert Martin Woods ponders how the SEC can ensure foreign companies, like China-based Luckin Coffee, that publicly trade in the U.S. can apply the proper standards of compliance, financial reporting, and even whistleblower protections.
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ArticleFor some companies in the age of coronavirus, ethics pays
Despite slow governmental response to the coronavirus outbreak that is grinding the world economy to a halt, several businesses have decided it is worth going above and beyond to help customers and employees.
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Red Robin tabs accounting chief
Restaurant chain Red Robin disclosed in a recent regulatory filing the appointment of Kristi Belhumeur as chief accounting officer.
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Carrols Restaurant Group names general counsel
Carrols Restaurant Group, the largest Burger King franchisee in the United States, announced it has appointed Markus Hartmann as vice president and general counsel.
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Tyson Foods chief accounting officer steps down
Tyson Foods announced in a regulatory filing that Stephen Gibbs notified the company of his intention to step down as chief accounting officer to pursue another opportunity.
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ArticleCoronavirus impact: How tech, medical, retail industries are responding
Surrounded by uncertainty, the coronavirus outbreak has quickly catapulted high on the list of hot risk topics for business leaders everywhere.
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ArticleDiageo to pay $5M for disclosure failures
Alcohol producer Diageo has agreed to pay $5 million to resolve charges brought against it by the SEC for disclosure failures, due to weaknesses in its internal disclosure processes.
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Jack in the Box announces new risk chief
Fast-food restaurant chain Jack in the Box announced the promotion of Sarah Super to senior vice president, general counsel and chief risk officer amid a trio of recent executive appointments.
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ArticleLandec discloses FCPA probe
Landec, an innovator of health and wellness solutions, has discovered and reported to U.S. regulators a “compliance issue” at its Yucatan Foods production facility in Guanajuato, Mexico. It now faces a government probe into possible FCPA violations
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ArticleWawa data breach part of ‘concerning’ industry trend?
While Wawa continues to investigate the source of a widespread data breach that put thousands of customers at risk, its connection to a recent Visa alert suggests other retailers should be on the lookout for similar threats to their cyber-security infrastructure.
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ArticleWidespread Wawa data breach puts thousands at risk
Convenience store chain Wawa announced it has suffered a massive data breach that has affected “potentially all” of its store locations, compromising the debit and credit card information of thousands of customers.
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Longtime Coca-Cola general counsel to retire
Bernhard Goepelt will retire in February 2020 as senior vice president and general counsel of Coca-Cola, the company announced. Goepelt has been with Coca-Cola since 1992.
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ArticleFormer Bumble Bee CEO convicted in price-fixing scheme
The former president and CEO of packaged seafood company Bumble Bee was convicted for his participation in an antitrust conspiracy to fix prices of canned tuna, the Justice Department announced.
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Smucker’s has a new chief compliance officer
The J. M. Smucker Company announced an evolution of its executive leadership structure and team. Among the new appointments, Jeannette Knudsen has been elected chief legal and compliance officer and secretary.
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ArticleOxfam slams U.K. supermarkets over worker abuses in supply chains
In an effort to cut costs and raise revenue, U.K. supermarkets are endangering employees with such abuses as a lack of toilets, unsafe drinking water, and illnesses resulting from exposure to pesticides, says a new report from Oxfam.
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ArticleDoorDash data mishap showcases hazards of third-party vendors
DoorDash announced an incident of unauthorized third-party access to user data—a reminder companies need to mind the cyber-security of vendors in addition to their own.
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ArticleEuropean Commission fines companies $34.5M in cartel case
The European Commission has fined Dutch food-processing company Coroos and French agricultural cooperative Groupe Cecab a total of €31.6 million (U.S. $34.5 million) for engaging in a cartel scheme that spanned more than a decade.
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Fishy business: StarKist to pay $100M for tuna price fixing
StarKist must pay a criminal fine of $100 million, the statutory maximum, for its role in a conspiracy to fix prices for canned tuna sold in the United States.