In the spotlight

In the spotlight

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Danone looks for "strong, profitable" growth - 8 things to learn from CAGNY 2017  24 Feb 2017

Danone focused much of its presentation at this week's Consumer Analyst Group of New York conference on its plans for the US. The French group generates around 13% of its sales in North America and believes there is ample room to grow. Danone also touched on its goals for 2020 and its cost-cutting drive and last week's move to "decouple" the group's aims to improve efficiency and increase sales. Here are the eight key takeaways from the event. 


General Mills' plans to revive sales – 7 things to learn from CAGNY 23 Feb 2017

General Mills last week lowered its already weak forecast for its annual sales due to lower-tha-expected sales in US yogurt and soup. Unsurprisingly, then, the US food giant's efforts to reinvigorate its top line were the primary focus of its presentation at this week's Consumer Analyst Group of New York investor conference. Here are just-food's key takeaways from the event.


Does Kraft Heinz want to swallow Unilever whole? 17 Feb 2017

Kraft Heinz's takeover bid for Unilever came as something of a shock today – not least because of the seeming unlikely pairing of the 3G Capital-owned US group with the European food-to-personal care company. just-food asks whether the takeover offer should be taken at face value. 


Nestle's plans for 2017 and beyond under new CEO Mark Schneider – 5 things to learn 16 Feb 2017

Announcing's Nestle 2016 results today (16 February) newly-installed CEO Mark Schneider revealed growth at the Swiss food giant came in below expectations. All eyes are now on Nestle's direction under Schneider, who joined the business at the start of this year. Will there be a greater focus on margin enhancement? Has Schneider totally abandoned the 'Nestle model' targeting 5-6% organic growth each year? Could large-scale acquisitions or disposals be on the cards? Katy Askew investigates. 


Why Reckitt Benckiser has moved for Mead Johnson - analysis 10 Feb 2017

Mead Johnson has been the subject of takeover talk ever since it was spun-off from pharma group Bristol-Myers Squibb in 2009. Today's (10 February) news that the board of the US infant formula business has backed a potential sale came as little surprise - but what has raised eyebrows is the seemingly unlikely source of interest, UK condom-to-cleaning product provider Reckitt Benckiser. Katy Askew looks at the potential deal.


Is Mondelez's margin target hurting sales? – analysis  9 Feb 2017

Mondelez International has delivered a lacklustre set of 2016 numbers but the snacks giant, which has been buffered by a challenging operating environment, stressed it continues to improve adjusted operating margins. With the entrance of 3G Capital into the food sector, margins have become a key metric for a number of the major names in the industry but Mondelez's results left some wondering if a focus on margins can hamper top-line growth. Katy Askew reports.


Why - as it stands - takeover of Mead Johnson is unlikely 24 Jan 2017

A new year, re-heated M&A speculation. Takeover talk is again centred on US-based infant formula group Mead Johnson, often seen as a target since it was spun off by pharma group Bristol-Myers Squibb in 2009. In the past, the chatter has focused on whether Danone would buy the Enfamil maker. Now, Nestle is in the spotlight. However, as Dean Best reports, such a deal looks unlikely - and, at present, the prospect of other suitors coming in appears just as slim.


How B&G Foods is balancing growth and decline – 5 things to learn  20 Jan 2017

Acquisitions have enabled B&G Foods to rapidly scale up in recent years. The company has grown from sales of around US$600m in 2012 to a forecast of $1.6bn in 2017. Two large-scale deals have boosted B&G: Green Giant in 2015 and ACH Foods last year. However, B&G's underlying sales have not been strong. The group's smaller brands, which generate annual sales in the region of $500m, have struggled. Even Green Giant is a brand that has been in decline for years.  At the ICR investor conference in Florida last week, CEO Bob Cantwell outlined how the company intends to continue to grow in 2017 and beyond.


Does General Mills sales drop signal a cut too far?  22 Dec 2016

General Mills disappointed the market this week (20 December) when the US group lowered its full-year revenue outlook on the back of a 7.1% drop in sales during its second quarter. The company's aggressive cost-cutting programmes enabled it to maintain its margin guidance but, Katy Askew asks, is the group's weak top line evidence management has cut spending in certain areas too deeply?


What will General Mills' reorganisation achieve? - analysis 13 Dec 2016

General Mills has announced plans to reorganise its business in a move the US company said would enable it to capitalise on its international presence. But will it address some of the fundamental issues limiting growth at the Cheerios-to-Yoplait maker? Katy Askew reports. 


Wessanen looks to unlock Spanish market with Biogran buy - analysis 8 Dec 2016

Dutch food group Wessanen has made another acquisition as it continues to focus on expansion in the European "sustainable" foods market. Wessanen is expanding its presence in Spain through the purchase of Biogran, a "leader" in the Spanish rice cake and cereals. Wessanen's management believes the deal will open the door for further growth in a promising market. Katy Askew reports. 


Unilever on organisational change, outlook for food, spreads' future - 2016 investor day takeaways 1 Dec 2016

Unilever this week held its annual investor day in Port Sunlight, the village built in the 1880s by one of the companies that were the forerunners of the consumer goods giant and now home to the research and development arm of the group's home and personal care business. However, Unilever's management used the occasion to give an update on the company as a whole, including on its plan to drive improvements in its profitability and on where it sees growth from food. Dean Best reports.


How Tyson Foods' new CEO Tom Hayes plans to grow in 2017 and beyond - analysis 25 Nov 2016

Shares in US meat group Tyson Foods took a battering this week, when the company missed earnings estimates and announced the appointment of a new CEO, current president Tom Hayes. Katy Askew takes a look at the group's performance in 2016 and weighs up what Hayes' strategic priorities are likely to be when he takes the helm in 2017.


Mondelez moves beyond certification but still wants Fairtrade by its side - analysis 24 Nov 2016

Seven years ago, Cadbury announced one of the more notable sustainability initiatives of recent times when it teamed up with Fairtrade on cocoa certification. This month, the UK chocolate maker's owner. Mondelez International, outlined changes to the way it would work with Fairtrade. Ben Cooper reports.


How Greencore is aiming to be a national player in the US – analysis  17 Nov 2016

Greencore, the Ireland-based convenience food group, wants to expand its reach in the US as a national distributor of food-to-go products and has long invested in M&A, as well as the development of manufacturing and distribution structures that extend its regional range. Greencore's move to buy US group Peacock Foods this week was a step-change in this agenda. Katy Askew reports. 


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