Danone today (12 December) made a series of announcements, including a division to focus on Africa, an update on the future of the company's...
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In 2012, around the height of the Greek yoghurt boom in the US, Powerful Yoghurt launched with a high-protein product tailored for men. The business has carved out a foothold in a tough market, one that has become more competitive as consumer demand for protein-enriched foods rises. Dean Best caught up with Powerful Yogurt founder and CEO Carlos Ramirez to find out how the company is faring.
Greek dairy manufacturer Fage is eyeing growth in Europe as the Greek yoghurt craze in the US loses steam. Katy Askew caught up with the company at the SIAL exhibition in Paris to find out more.
Danone this morning (12 December) announced plans to form a new division for its operations in Africa - a region where it plans to invest more - and said it would retain its medical nutrition arm, which it had been rumoured to sell.
This week, Danone announced it was forming a new division for its operations in Africa and keeping its medical nutrition arm, which had been the subject of takeover speculation. Tesco issued yet another profit warning, but CEO Dave Lewis is convinced the company is taking the right steps for the future and outlined changes to the way the retailer will do business with suppliers. Elsewhere, Kellogg remained coy over union claims it was mulling the closure of two cereal plants in the US. Here is the week in quotes.
Danone this week gave the first tangible signs of its plans under new CEO Emmanuel Faber, including a new division to focus on growing in Africa. Cargill revealed it is considering an entry into Indonesia's poultry sector. Meanwhile, Tesco announced another profit warning but notably outlined changes to the way it will do business with suppliers.
Some very interesting news came out of Unilever's investor day in London yesterday (4 December). The FMCG giant plans to separate its struggling spreads business into a standalone unit, prompting further speculation that the group could be gearing up for a sale of its spread brands including Flora. Unilever's acquisition earlier in the week of a US gelato maker underlined that the company is, however, willing to invest in growth areas of its food portfolio. Meanwhile, on the emerging market front, the local dairy arms of PepsiCo and Danone faced criticism from Moscow. Elsewhere, a move from Britania Industries made some commentators question how food makers can capitalise on the rapidly developing e-commerce opportunity in India - if they can at all. Here are the highlights from just-food.
This week, Nestle lost a trademark infringement case in Singapore over its Kit Kat product. Arla Foods pulled out of the race to acquire Arab Dairy and Unilever decided to separate its ailing spreads business into a stand-alone unit. India hit the headlines frequently, with Britannia Industries "pioneering" the online exclusive launch of its new biscuit product before it hits traditional stores, and with Fererro re-thinking its plans for its business in the country.
Danone announced this afternoon (3 November) it would buy more shares in Centrale Laitière, taking its stake in the Moroccan business from 69.1% to 90.9%.
The true impact of the Fonterra milk scare and the subsequent recall looks like it is surfacing, after Danone's subsidiary Nutricia announced a supply shortage in Australia and New Zealand.
- Focus: Danone CEO Faber puts stamp on business
- Cleaning up Tesco will have mixed supplier impact
- General Mills US "priority" categories gain share
- The just-food interview: Doux CEO Arnaud Marion
- Interview part 2: BRF CFO Augusto Ribeiro
- General Mills outlines "aggressive" NPD drive
- Coles supplier payments broke competition law
- Kraft to reappraise business, says new CEO Cahill
- General Mills earnings drop one-third
- PepsiCo opens snacks plant in Saudi Arabia