Italian confectioner Ferrero has made a surprise move for UK chocolate maker and retailer Thorntons. One cannot ignore the fact Thorntons ha...
The fourth agricultural commodity to be featured in just-food's management briefing on sustainable sourcing is the world's largest - sugarca...
| 23 Jun 2015
The fourth agricultural commodity to be featured in just-food's management briefing on sustainable sourcing is the world's largest - sugarcane. While sugar is already a much-discussed subject in the context of the obesity debate, Ben Cooper writes, food companies are under increasing pressure to step up engagement on sugar from a supply chain perspective and scale up current sustainability efforts.
| 22 Jun 2015
In the fifth part of just-food's management briefing on sustainable sourcing, Ben Cooper examines how consumer demand for certified sustainable cocoa has fostered corporate action to improve the living standards of their agricultural suppliers and make their raw material supply chains more sustainable.
| 16 Jun 2015
The first section of our management briefing examining how the food industry is working to make agricultural supply chains more sustainable looks at cocoa, a commodity facing grave challenges but now receiving increased and concerted attention from companies following the launch of the CocoaAction collective initiative a year ago.
| 3 Dec 2014
Ferrero Group is purportedly re-thinking its investment plan in India due to difficulties with regulators in the country. The Indian market - with its massive population and still growing middle class - is a huge opportunity for FMCG manufacturers. But, as the Ferrero case shows, Indian regulations continue to discourage investment in local production - to the detriment of the country's economic outlook.
| 17 Jan 2013
UK confectioner Thorntons is undergoing something of a transformation. The chocolate and toffee producer, which has been hit hard by the consumer downturn, is midway through a strategic shift to close the bulk of its store network and focus on commercial sales. Since taking the helm in May 2011, Jonathan Hart has had a mountain to climb: rebalancing the portfolio while tackling weak consumer demand. Nonetheless, the chief executive tells Michelle Russell that the firm is now on the right road for its strategy re-think to deliver improved results.
| 31 Jan 2011
Ferrero, the Italy-based confectionery giant, first entered the UK back in 1966 and has steadily built a business generating GBP200m sales a year. However, under local managing director Christian Walter, the group is planning an offensive on this side of the English Channel. For this month's just-food interview, Dean Best met Walter to discuss Ferrero's plans.
| 26 Jun 2015
This week, members of The Consumer Goods Forum committed to halving food waste by 2025. Elsewhere, Ferrero made a bid to acquire UK confectioner Thorntons. Nestle appointed a new CFO to replace Wan Ling Martello and First Milk chairman, Sir Jim Paice, resigned. Here is the week in quotes.
| 26 Jun 2015
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.
| 22 Jun 2015
Italian confectioner Ferrero has launched a takeover bid to buy UK chocolate group Thorntons, in a deal valuing the business at just under GBP112m.
| 19 Jun 2015
China continues to be an issue for Hershey, which today (19 June) cut its forecast for 2015 sales for the second time this year thanks to challenges in the market. Meanwhile, around 300 jobs are to go at the US confectionery giant as it tries to react quicker to changing market trends. Nestle, which has had its own issues in China, this week also indicated growth in parts of Africa had not been as rapid as it had hoped.
| 19 Jun 2015
Hershey today (19 June) announced plans to cut 300 jobs as part of fresh efforts to improve productivity and make the company "more flexible". It also cut its 2015 sales forecast for the second time this year - and its earnings guidance for the first time - amid continued challenges in China. Elsewhere this week, we kicked off our latest management briefing, which look at the sustainability of agricultural supply chains. And Ferrero found itself under fire from a French government minister, who claimed the way the company sourced ingredients for Nutella was hurting the environment.
| 18 Jun 2015
Ferrero has taken a small French company, Noiseraie Productions, to court over one of its products, Nuté+, an organic palm oil-free chocolate spread, claiming its name contravenes fair competition.
| 17 Jun 2015
France's environment minister, Ségolène Royal, has appealed to consumers to stop eating Nutella to help protect the Earth's eco-systems.
| 19 May 2015
Ferrero has launched a Tic Tac mint in the US that changes flavour in the mouth.
| 23 Mar 2015
Ferrero has reported a 14% increase in annual pre-tax profits after sales were lifted by good performance of its Kinder range globally.
| 13 Mar 2015
We spoke to Quorn Foods CEO Kevin Brennan this week to discuss the takeover talk surrounding the UK meat-free business and his plans for 2015. Elsewhere, Russia admitted it could ease its ban on food imports from the EU, while it was revealed in New Zealand there had been threats to poison infant formula.
| 11 Mar 2015
Confectionery giant Ferrero has indicated it is set to build a plant in China.
| 27 Feb 2015
Ferrero and Spain-based olive oil group Deoleo have seen products delisted by Dutch retailer Jumbo Supermarkten following a dispute over price.
| 25 Feb 2015
Croatia-based food and beverage company Atlantic Grupa saw sales and profits rise in 2014, with its top line helped in part by a deal to distribute Unilever products in regional markets.
| 20 Feb 2015
This week, Danone reported its full year numbers with a rise in organic sales but lower earnings on a reported basis. Elsewhere Mondelez acquired free-from snack maker Enjoy Life. The Consumer Analyst Group of New York also took place and featured presentations from Kellogg, PepsiCo and Mead Johnson. Here is the week in quotes
| 16 Feb 2015
Michele Ferrero, owner of Italian confectioner Ferrero, died at his home in Monaco on Saturday (14 February) at the age of 89.
| 10 Feb 2015
South Africa's advertising watchdog has ruled in favour of Ferrero after Lindt & Sprungli brought a complaint against the Italian chocolate maker over its advertising strategy in the market.
| 4 Feb 2015
Ferrero has launched its Tic Tac confectionery brand in Spain.
| 5 Dec 2014
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.
| 5 Dec 2014
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.
| 23 Oct 2014
Singapore-based food group Yong Wen Foods hopes to grow the overseas presence of its own brands, with a particular focus on Europe and select markets in the Middle East.
| 25 Sep 2014
Blackstone Group and PAI Partners have reportedly shortlisted three potential buyers as they look to exit their investment in UK Jacob's and McVitie's maker United Biscuits.
| 24 Sep 2014
Philippines food and drink group San Miguel Corp. has reportedly joined the race to acquire UK-based snack maker United Biscuits.
| 18 Feb 2015
Since Ferrero announced the death of company founder Michele Ferrero at the weekend, there has been fresh speculation over the future of the Kinder and Nutella maker. Today (18 February), the Italy-based giant looked to quash the rumours.
| 3 Sep 2013
Unilever and Ferrero have become the latest firms to come under fire for launching controversial advertising campaigns.
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