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In a story that grabbed the headlines worldwide, 21 companies and 33 individuals in Germany have been hit with fines totalling EUR338m for allegedly fixing the price of one of the country's staples - sausages. Companies including Nestle, Bell Group and Zur Muhlen Gruppe, Germany's largest sausage maker, were handed fines. Some will appeal, including Bell Group, the Switzerland-based meat products group. Bell CFO Martin Gysin told Dean Best why the company believes it should not be penalised.
James Lambert, CEO of UK-based R&R Ice Cream, has suggested the company's plan to buy local rival Fredericks Dairies will give retailers a "real alternative" to market leader Unilever.
German supermarket Aldi is launching a range of organic produce in its UK stores.
This week, Emmi flogged its Italian Trentilatte yoghurt business, while Kellogg sold the Loma Linda brand to Atlantic Natural Foods. Elsewhere, UK baker Finsbury Food Group moved to buy local peer Fletchers Group, while US private-equity firm BBX Capital made its second confectionery acquisition in a week. At the annual IGD Convention in London, UK retail veteran Andrew Higginson caused a stir by hitting out at the country's grocers.
Andrew Higginson, the deputy chairman of Morrisons and former Tesco finance director, has said branded suppliers and supermarkets must "reset" their relationship in a bid to revive a stagnant sector.
The growth of the discount and convenience channels in the UK has led to a "renaissance" for some of Premier Foods' smaller brands, Gavin Darby, the company's chief executive, said today (7 October).
Discount retailers' share of the UK grocery market will almost double by 2019, according to forecasts from industry analysts IGD.
The discounter has, alongside its fellow German retailer Lidl, shaken up the UK grocery market. And today (28 September) it outlined plans to grow its business in the country further.
Management at the UK's largest retailers are seeing the pressure mount. As sales continue to disappoint and market share continues to be eroded, some serious questions are being asked about the strategic direction pursued by the likes of Morrisons and Tesco.
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