Billionaire Butchers Eye More Power on Grocery Shelves With US Debut
Scandal-tainted Batista brothers have built a global meat powerhouse. A share listing in the US could help them tighten their grip on the food supply chain.
Cuts of bone-in short rib for sale at a butcher shop in the Union Market district in Washington.
Photographer: Al Drago/Bloomberg Welcome to the new Business of Food newsletter, covering how the world feeds itself in a changing economy and climate, from farming to supply chains to consumer trends. For subscribers of Supply Lines, this newsletter replaces the food edition we ran every Friday. In our first edition, Gerson Freitas Jr. looks at the insatiable growth appetite of the world’s biggest meat company. We hope you enjoy reading and if you have any tips or feedback, email food czar Agnieszka de Sousa . And if you aren’t yet signed up to receive this newsletter, you can do that here .
When American shoppers toss chicken breasts or ground beef into their carts, there’s a high chance the meat was handled by a Brazilian company most have never heard of.