http://www.just-food.comLatest Emerging markets industry news - from just-food.com© 2009 All content copyright just-food.com. Published by Aroq Ltd.Fri, 20 Nov 2009 23:50:01 GMTFri, 20 Nov 2009 23:50:01 GMTjust-food.com - RSS feedjust-food.comhttp://blogs.law.harvard.edu/tech/rss20US retailer Wal-Mart has confirmed that the president and CEO of its Latin America operations is leaving the company.http://www.just-food.com/article.aspx?id=108908Fri, 20 Nov 2009 16:48:00 GMTThis was the week when even the ongoing speculation over the future of Cadbury was trumped as the headline-grabbing story. That honour fell to UK retail's leading Dutchman, Marc Bolland, who is set to switch from Morrisons after three successful years for upmarket rival Marks and Spencer. The Bolland bombshell overshadowed the latest twist in the Cadbury saga, which saw Hershey and Ferrero indicate they could enter the fray - with a possible joint bid for the Dairy Milk maker a possibility. These are the top stories on just-food this week.http://www.just-food.com/article.aspx?id=108904Fri, 20 Nov 2009 15:40:00 GMTHere is just-food's week in words.http://www.just-food.com/article.aspx?id=108905Fri, 20 Nov 2009 15:36:00 GMTA Hershey-Ferrero takeover of Cadbury could result in the Dairy Milk maker being broken up, according to business daily Il Sole 24 Ore.http://www.just-food.com/article.aspx?id=108901Fri, 20 Nov 2009 15:10:00 GMTPantaloon Retail, the Indian retailer, has confirmed that it is seeking potential acquisitions in a bid to expand its food business.http://www.just-food.com/article.aspx?id=108892Fri, 20 Nov 2009 11:43:00 GMTChinese seafood and snack group China Marine has predicted that sales in 2010 will be greater than US$80m, with growth driven by new products and expanded distribution.http://www.just-food.com/article.aspx?id=108889Thu, 19 Nov 2009 17:32:00 GMTAmerican Lorain Corporation has reaffirmed its guidance for the current fiscal year and announced growth estimates for 2010, saying a nationwide marketing campaign will boost sales.http://www.just-food.com/article.aspx?id=108884Thu, 19 Nov 2009 15:28:00 GMTAgro-industrial company MHP saw a drop in profit for the first nine months of the year, despite a 25% increase in sales.http://www.just-food.com/article.aspx?id=108881Thu, 19 Nov 2009 14:29:00 GMTUS retail giant Wal-Mart has said it remains committed to entering the Russian market, despite reports that Stephan Fanderl, CEO of Wal-Mart Russia, has quit over frustration at the group's slow pace of expansion.http://www.just-food.com/article.aspx?id=108854Wed, 18 Nov 2009 10:51:00 GMTThe heavily-indebted majority owner of Russian grocery chain Seventh Continent has agreed to exchange 15% of the company for the restructuring of US$560m in debt, Russian media reports suggest.http://www.just-food.com/article.aspx?id=108864Wed, 18 Nov 2009 14:43:00 GMTRussia, so often cited as one of the world's most attractive emerging markets for food manufacturers, presents soup makers with quite a conundrum. On the one hand, it is the second largest soup consuming nation globally. On the other, growth of the ready-made soup category has been held back as manufacturers struggle to convince consumers to abandon their traditional home-made borscht or schi. Add to the pot the economic crisis and consequent decline in consumer spending and the short-term prospects for the category look cloudy. Katy Humphries reports.http://www.just-food.com/article.aspx?id=108845Tue, 17 Nov 2009 16:13:00 GMTEmerald Dairy posted growing profitability in the first nine months of the year as the Chinese baby formula maker focused its mix on higher margin products.http://www.just-food.com/article.aspx?id=108848Tue, 17 Nov 2009 17:09:00 GMTThe world's chocolate makers face a challenging next 12 months as they try to balance facing higher cocoa and sugar prices with weak consumer confidence.http://www.just-food.com/article.aspx?id=108830Mon, 16 Nov 2009 17:25:00 GMTCarrefour, the French retailer, plans to double the number of stores it has in Malaysia by 2012.http://www.just-food.com/article.aspx?id=108831Mon, 16 Nov 2009 17:52:00 GMTThe Bulgarian arm of convenience food group Univeg is constructing a warehouse and distribution centre for fresh and frozen products in the Eastern European country.http://www.just-food.com/article.aspx?id=108827Mon, 16 Nov 2009 16:05:00 GMTBrazil-based beef giant JBS has seen quarterly earnings slump by almost 80% as the downturn hit beef prices and weighed on consumption.http://www.just-food.com/article.aspx?id=108809Fri, 13 Nov 2009 15:37:00 GMTThis week saw Kraft Foods table its long-awaited formal offer for Cadbury, to mixed reactions. In other M&A news, IFR Capital purchased Uniq's Polish and German businesses as it looks to create a pan-European food group. Retailers Wal-Mart and Sainsbury's both posted strong results but US baker Flowers Foods revealed sales had come under pressure from increased promotions. Here is just-food's week in words.http://www.just-food.com/article.aspx?id=108808Fri, 13 Nov 2009 15:29:00 GMTThe 'Kradbury' takeover saga took a further twist this week when Kraft Foods went hostile in its pursuit of Cadbury - and formally tabled the same bid it first proposed back in September. Unsurprisingly, the Dairy Milk maker immediately rejected the offer and so set in train a series of events that could take both companies into February before a conclusion is reached. Meanwhile, Tesco, which like the rest of the UK's multiples is gearing up for a tough Christmas, was said to have grown its share of the country's grocery market for the first time in two years. Outside the UK, Winn-Dixie, the US retailer, copped some flak from investors, while Mars Inc and Kellogg both revealed challenges in emerging markets.http://www.just-food.com/article.aspx?id=108805Fri, 13 Nov 2009 14:45:00 GMTGerman retail giant Rewe has revealed it plans to open 20 Penny discount stores in Bulgaria by the end of next year.http://www.just-food.com/article.aspx?id=108801Fri, 13 Nov 2009 13:19:00 GMTBrasil Foods yesterday (12 November) posted a jump in third-quarter profit after a strengthening local currency helped cut debt costs.http://www.just-food.com/article.aspx?id=108812Fri, 13 Nov 2009 17:03:00 GMT