Dean Best

CEOs queue for stellar IGD line-up

By: Dean Best | 13 October 2009

Conferences of all shapes and sizes claim to have a stellar line-up of speakers but, on the odd occasion, an event's schedule does fit the bill. And today (13 October) in London is one of those occasions.

To mark the 100th anniversary of UK grocery retailing body IGD, chief executives from Tesco to Morrisons and from Unilever to Cadbury will give their thoughts on how their companies are riding out the downturn - and suggest how others in the industry can provide consumers value and continue to invest in their businesses for the future.

As head of the UK's largest grocer, Tesco chief executive Sir Terry Leahy is handily placed to put forward how retailers and suppliers can move forward through the downturn and grow for the years ahead. Tesco's international operations are motoring along nicely, particularly in Asia, and last week Leahy expressed satisfaction with Fresh & Easy, the retailer's fledgling US venture. 

However, Tesco continues to face fierce competition in the UK and is now up against at four rivals looking in good nick. And despite the Tesco boss's claims last week that the company is now outpacing its competition, rivals including Asda, Sainsbury's and Morrisons would no doubt beg to differ.

Morrisons chief executive Marc Bolland, who is set to close the conference, is likely to outline how his company has published quarter over quarter of robust sales and has set out plans to expand throughout the UK. In between Leahy and Bolland, Peter Marks, the head of fellow UK retailer The Co-operative Group will speak as the company continues to expand through the Somerfield takeover - and in the wake of the robust half-year sales and profits published yesterday.

It's not just retailers laying out their riding-out-the-downturn blueprints. Just nine months into his stint at the helm of Knorr-soup-to-Wall's-ice-cream giant, Unilever, Paul Polman will talk delegates through how he has guided the Anglo-Dutch conglomerate through the recession.

Unilever has had a mixed 2009. Price cuts helped Unilever revive volume growth in the second quarter of the year and, although operating profit was down, analysts have expressed confidence in Polman's strategy.

And, thus far, the investment community has - broadly - given its backing to Cadbury CEO Todd Stitzer's belief that the UK confectionery giant promises more as an independent company.

Given the recent media furore over comments Stitzer (pictured) may or may not have made to a group of analysts in London, the Cadbury boss is unlikely to reveal too much about his current throughts on the interest from Kraft Foods. Nevertheless, given Cadbury's success in a resilient chocolate market, Stitzer's afternoon turn at the podium will prove of interest.

just-food will be reporting live from the event. Be sure to check our pages - including our Twitter feed - throughout the day for the latest news and views.

Sectors: Baby food, Bakery, Chilled foods, Commodities & ingredients, Confectionery, Dairy, Emerging markets, Food safety, Fresh produce, Frozen, Health & wellness, Meat & poultry, Natural & organic, NPD & innovation, Retail, Seafood, Snacks, Sustainability & the environment

Companies: Tesco, IGD, Morrisons, Unilever, Cadbury, Asda, Sainsbury’s, The Co-operative Group, Knorr, Kraft Foods

There are currently no comments on this article

Be the first to comment on this article

Related research

Company Financials Tesco Plc

The Company Financials offers insights into the financial performance of the company over last five years for about 1000 leading global companies. The datapack covers wealth of financial information relating to income statement, balance sheet, and ca...

UK Consumer Insight 2010: Tesco Food

Introduction Verdict Research UK Consumer Insights 2010 are based around individual retailers and provide a highly detailed, data-rich overview of a retailer's customers, drawing on a nationwide survey of 6,000 shoppers each year. Reasons to Purch...

UK Consumer Insight 2010: Morrisons Food

Introduction Verdict Research UK Consumer Insights 2010 are based around individual retailers and provide a highly detailed, data-rich overview of a retailer's customers, drawing on a nationwide survey of 6,000 shoppers each year. Reasons to Purch...

Related articles

US: Tesco's Fresh & Easy looks to drive growth

Fresh & Easy, the US unit of Tesco, has launched Eatwell, a line of own-brand, better-for-you products.

UPDATE: UK: Five Star Fish to get retail focus, says Boparan

UK meat giant The Boparan Group, which has outlined plans to buy Five Star Fish, is likely to invest further in the troubled business, with more of a focus on the retail channel.

Carrefour faces Belgian dilemma

Carrefour, the French retail giant, has attempted to diffuse union anger in Belgium over plans to scale back its business with revised plans that would mean the closure of fewer stores. However, unions are still unhappy and, strategically, some industry watchers believe the world's number two retailer is stuck with little room for manoeuvre in a market with some fierce competitors. Dean Best reports.

Read more on this hot issue

Leading lights at IGD Convention

Cadbury CEO Todd Stitzer again claimed the UK confectioner would thrive as an independent company yesterday (13 October), hailing the company's "incredible momentum".

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page