Monde Nissin May Write Off $126 Million for Meat Substitute Unit
(Bloomberg) — Monde Nissin Corp., the Philippines’ largest instant noodle maker, may take an impairment charge of as much as $126 million for 2024 as it struggles with its meat-alternative business. An ongoing annual impairment test for the meat-substitute arm indicates an impairment charge of between 80 million pounds ($101 million) and 100 million pounds … Read more