Last month saw Tesco grow in the UK as it shed less profitable areas of the business to focus on rejuvenating the core. But the going could...
In May, Wal-Mart's latest financial results took the eye, although in some ways the numbers prompted as many questions as answers. In the US...
The disruptive impact of the discount retailers has dominated global retail headlines during June, as our take of this month's key developments among grocery retailers shows.
The merger between European retailers Ahold and Delhaize is significant because it will allow the group's to scale up in the key US market, where the majority of revenue is generated. Announcing the deal, the companies said EUR500m (US$560m) in annual synergies are on the table. But these, as and of themselves, will do little to raise the combined group's lacklustre US growth trajectory. Katy Askew looks at the impact the merger will have in the US – and whether Ahold Delhaize will deliver on their promise to drive consumer-led innovation.
Changing consumer behaviour is having a transformational impact on the US food and food retail sectors, as consumers alter where they shop and what they buy. The growing popularity of non-traditional channels has resulted in a jump in consolidation. Traditional supermarkets are seeking strength through scale, as evidenced by the deal that could see Albertsons owner Cerberus take control of Safeway. Dean Best reports.
Ahold's shares rose yesterday after the retail giant's fourth-quarter margins beat market forecasts. However, some analysts believe the Dutch grocer faces challenges at home and in its biggest overseas market, the US.
Sweden-based retailer ICA now has one owner after Ahold, the Dutch retail giant and its largest shareholder, sold out to venture partner Hakon Invest, the Swedish investment fund. Michelle Russell spoke with Hakon CFO Göran Blomberg about Hakon's strategy for the business and the benefits he hopes the deal will bring.
Netherlands-based food retail group Ahold has recently committed itself to a range of sustainability targets. Speaking with Ben Cooper for this month's Sustainability Watch, Ahold's executive vice president and chief corporate governance counsel, Lodewijk Hijmans van den Bergh, expands on the company's approach to sustainability and the need to balance ambition and pragmatism.
This week has been bumper for food sector M&A. Ferrero announced that it is gobbling up UK chocolate maker Thorntons. JBS is taking control of Moy Park from heavily indebted Brazilian meat group Marfrig. Grupo Bimbo also announced it has purchased parts of Spanish baker Panrico. Meanwhile, in the world of retail, Delhaize and Ahold revealed plans to combine. Here is just-food's top news and insight coverage from this week.
Spojené Farmy, a Czech supplier of organic food, is set to be sold to CPI Property Group, a local real estate company.
Fairtrade chocolate company Divine Chocolate has announced listings at a number of US mainstream retailers.
Shares in Hilton Food Group dropped today (9 September) after the UK meat supplier's guidance for the rest of 2014 prompted analysts to downgrade their forecasts.
The biggest story of the week came as it started - with the announcement of the proposed merger between banana giants Chiquita Brands International and Fyffes. Elsewhere, UK grocers Morrisons and The Co-operative Group grabbed the headlines - the former for its bid to revive sales and the latter for the resignation of its chief executive.
Ahold today (11 March) announced a deal to buy Spar International's business in the Czech Republic.
Shares in Ahold climbed today (27 February) despite a drop in fourth-quarter net income after the Dutch retail giant's operating profit and margins came in above analyst forecasts.
US group Hain Celestial swooped again in the UK last week, snapping up UK rice business Tilda. Meanwhile, obesity grabbed UK headlines with warnings forecasts for the condition could have under-estimated the problem. Fonterra issued another product recall, Saputo received a boost in its bid to buy Warrnambool Cheese and Butter Factory, while our first just-food interview of 2014 saw us meet Quorn Foods CEO Kevin Brennan.
A fall in fourth-quarter sales in the US hit shares in Giant Food and Stop & Shop owner Ahold in early trade today (16 January).
All three bidders for Australian dairy Warrnambool Cheese and Butter Factory tabled revised offers this week - with the takeover target still backing Canada's Saputo. Meanwhile, Mexican food group Sigma has made a move for Spanish meats firm Campofrio. And our latest just-food interview saw Orkla CEO Age Korsvold talk about the Nordic group's plans for FMCG.
This week saw a continued focus on M&A, as further evidence of the global trend towards consoidation in the sector emerged. The battle for Australia's Warrnambool Cheese and Butter Factory rumbled on and Mexico's Sigma launched a takeover bid for Spain's Campofrio.
Ahold has reached a deal to sell its Slovakian operations to local retailer Condorum for an undisclosed sum.
Shares in Ahold fell more than 5% in morning trade today (14 November) as the firm's third-quarter results raised concerns over the Dutch retailer's domestic market share.
Ahold has expanded its online business in the US with the opening of a new fulfillment centre in Pennsylvania.
Netherlands-based retailer Ahold has confirmed plans to expand Peapod, its online business in the US.
Dutch retailer Ahold is looking to improve its price positioning by slashing prices on branded goods and expanding its budget line of own-label products.
Dutch retail giant Ahold has remained silent on claims it is preparing to sell its Slovakian operations.
After Lindt & Sprungli reported higher solid first-half results last week, just-food interviewed the Swiss chocolate group's CEO Ernst Tanner to discuss its growth in mature markets and its patient strategy in developing economies. New Zealand's dairy sector continued to be in the spotlight after another recall of ingredients headed in China. Elsewhere, Heinz's new owners continued their plans to streamline its business, US food firm JM Smucker made a notable move in gluten free with the acquisition of Enray and we spoke to the creator of Powerful Yogurt, a product initially devised for men in the US and now looking at broadening its consumer base and expanding overseas.
The results continued to roll in last week and we heard from the likes of Hain Celestial and Ahold on how they performed and their outlook for the year ahead. Just-food also spoke with Lindt & Sprüngli CEO Ernst Tanner, who told us about how the company is convincing consumers to trade up - and why he sees cause for optimism in developed markets.
ICA Gruppen, the Sweden-based retailer, has reported higher profits but lower sales for the first full quarter since coming under new ownership.
Ahold saw its earnings soar in the first half of the year as the Dutch retailer benefited from the disposal of its stake in ICA earlier this year.
The Australian venture between listed UK meat supplier Hilton Food Group and Woolworths, the country's largest retailer, is to expand, with the construction of a new plant.
Dutch supermarket operator Ahold and Belgium-based retailer Delhaize Group announced today (24 June) that a long-awaited merger has been finalised in a move these two European retail giants hope will improve their competitiveness across the pond
Over the weekend, there were fresh claims Europe-based food retailers Ahold and Delhaize are in discussions to join forces.
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