What are the plans for Smithfield?

The City of London Corporation is moving the historic Smithfield Market to the Royal Docks to transform the current site into a £1bn cultural and commercial hub. The project, featuring the new London Museum opening in 2026, aims to create 600 jobs, attract 1.4 million annual visitors, and regenerate the area, with the market operating in its current location until at least 2028.

What are they going to do with Smithfield Market?

After almost eight centuries at the heart of life in the capital and a period where their future lay in doubt, the historic Smithfield and Billingsgate markets are to get a new home on a former industrial site in east London.

What's happening to Smithfield?

The markets will continue at Smithfield and Billingsgate until at least 2028, giving time for Traders to plan and smoothly transition to new sites, subject to the Bill being passed. The markets will be known as New Billingsgate and New Smithfield respectively once they relocate.

Why is Smithfield meat market closing?

While many are concerned for traders and the loss of the market's unique sights, sounds and smells, the corporation's decision – blamed on rising costs – is just the latest step in the decades' long transformation of the wider Smithfield area.

Is the Smithfield Market still going?

Smithfield meat market, near St Paul's Cathedral, and Billingsgate fish market in Canary Wharf are to be closed after the City of London Corporation voted to withdraw support for them. The Corporation said it would now work with traders to help them find alternative premises.

01/07/2026 Smithfield Planning Board Meeting

Who bought out Smithfield?

Smithfield's Chinese Ownership, Explained

But in 2013, WH Group, formerly known as Shuanghui International Holding Limited, one of China's largest meat producers, purchased Smithfield outright for $4.7 billion.

Can the general public buy meat from the Smithfield Market?

Anyone can buy meat, poultry and provisions at Smithfield. It is open to the public by Charter: walk through the Market, look around, talk to the salesmen on the front of the stalls.

How much does the CEO of Smithfield Foods make?

SEC filings show Smithfield Foods CEO made $14.9 million in 2024.

Why is Smithfield Ham closing?

A Smithfield Foods spokeswoman said that the smokehouse had reached the end of its useful life and that the company has plenty of genuine Smithfield hams stockpiled to satisfy immediate demand.

Who owns Smithfield Market?

When the plan was made public, in April 2019, excitement was expressed about the City of London Corporation, owner of the Smithfield meat market in Farringdon, Billingsgate fish market in Poplar and the New Spitalfields horticultural produce hub in Leyton, consolidating all three in one place.

Who is the largest shareholder of Smithfield Foods?

As of April 2025, WH Group, a publicly listed entity on the Hong Kong Stock Exchange (HKEX: 0288.HK), maintains substantial control over Smithfield Foods. WH Group beneficially owns nearly 93% of Smithfield Foods' outstanding shares, solidifying its position as the primary Smithfield Foods owner.

What brands fall under Smithfield Foods?

The company has sold its products under several brand names, including Cook's, Eckrich, Gwaltney, John Morrell, Krakus, and Smithfield. Shane Smith has been the president and chief executive officer of Smithfield Foods since July 2021.

Does Tyson Foods own Smithfield?

Smithfield Foods is acquiring Tyson Foods' hog production operations for three million shares of stock worth about $80 million. Tyson's Pork Group Inc. has roughly 110,000 sows in the Midwest and North Carolina.

Where are Londoners moving to in 2025?

In 2025, 68% of London leavers stayed in the South of England (South East, South West or East of England) – the highest proportion since 2021 and up from 62% in 2024. This marks a reversal of the pandemic and then affordability-led trend that pushed buyers further into the Midlands and North.

What will happen to Smithfield?

On December 3, 2025, Albert Island at the Royal Docks was announced as the new preferred site to co-locate Smithfield and Billingsgate Markets. These markets will become known as New Smithfield and New Billingsgate Markets.

Are Smithfield and Billingsgate markets to close due to decreasing demand for meat and fish?

The corporation announced the permanent closure of London's historic Smithfield meat market and Billingsgate fish market in late 2024, when it pulled the plug on a planned £1bn relocation to a new sitein the east of the capital at Dagenham.

Where will Smithfield Market go?

New site near Thames planned for historic markets

Under the proposal, both markets would operate from a new site at Albert Island, just east of London City Airport, on land earmarked for wider regeneration. It is estimated that the move could generate about £750m in local expenditure and more than 2,200 jobs.

Is Smithfield Foods closing plants?

Smithfield closed a plant in Vernon, California, and another in Charlotte, North Carolina, in 2023. It also stopped slaughtering pigs at its hometown plant in Smithfield, Virginia, in 2021. The company is not alone: Tyson Foods (TSN.

Is Smithfield Foods a buy or sell?

The Smithfield Foods, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock.

What is Vicki Hollub's salary?

Vicki Hollub made $17,735,019 in total compensation as Director, President and Chief Executive Officer at Occidental Petroleum Corp in 2023.

Is Smithfield Foods profitable?

The result represents a 22.8% increase from the net income of $202 million in the same period of the previous year and marks the best third quarter in the company's history. On an adjusted basis, net income was $230 million, equivalent to $0.58 per share, up from $0.53 per share in the same quarter of 2024.

Where do Lidl get their meat from in the UK?

100% of our British produce is assured by the Red Tractor, meaning its farmed with care. 100% of our fresh everyday milk, butter, eggs, cream, chicken, pork and beef is from British suppliers. Find out how our £21 billion investment has supported the next generation of British food and farming.

What is the Smithfield market turning into?

Subject to the Bill passing, the grade II-listed halls of the Smithfield meat market site in central London will be turned into an international cultural and commercial hub alongside the London Museum.