Monde Nissin, the largest Philippine maker of instant noodles controlled by Indonesia’s billionaire Kweefanus family, is making strategic moves to cut losses at its U.K.-based alternative meats unit, Quorn. The company has decided to scale down Quorn’s operations in order to streamline its business and focus on areas that are more profitable.
Quorn, known for its plant-based meat substitutes, has been facing challenges in the competitive alternative meats market. By reducing its operations, Monde Nissin aims to minimize losses and reallocate resources to its core business of instant noodles, which has been successful in the Philippine market.
This decision reflects Monde Nissin’s commitment to making sound business decisions and prioritizing financial stability. As a leader in the food industry, the company recognizes the importance of adapting to market trends and consumer preferences in order to remain competitive and profitable.
Overall, this move by Monde Nissin showcases the company’s strategic mindset and willingness to make tough decisions in order to ensure long-term success. By focusing on its core business and cutting down on less profitable ventures, Monde Nissin is positioning itself for sustainable growth and continued success in the future.
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Video “Philippines’ Top Noodle Maker Downsizes Loss-Making Alternative Meats Busines” was uploaded on 12/02/2024 to Dailymotion Channel Forbes