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CAGE conference was among the weekEditor's choice: the highlights on just-food last week

24 March 2014

just-food brought you exclusive updates from some of the power players in our industry as the likes of Nestle, Danone and Kerry Foods set out their investment case at the Consumer Analyst Group of Europe conference in London this week. In other news, Sainsbury's booked its first like-for-like sales drop in nine years, General Mills continued to face pressure in the US and we spoke to FrieslandCampina CFO Kees Gielen. Here are the highlights from the past week.

The just-food interview part two: FrieslandCampina profitability ahead of schedule

17 March 2014

FrieslandCampina had something of a challenging year in 2013. During the period, the group's European business proved a sticking point as a goodwill adjustment associated with economic turbulence in the region hit the bottom line. However, strip out one-time charges and CFO Kees Gielen insists the firm is on the right track. Speaking to Hannah Abdulla in part-two of the just-food interview, Gielen highlighted the underlying strength of the business.

Editor's choice: the highlights on just-food last week

17 March 2014

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.

The just-food interview part one: FrieslandCampina CFO Kees Gielen

13 March 2014

2013 was favourable for FrieslandCampina as the Dutch dairy giant posted good underlying profit growth and sales. However, the company booked a EUR200m goodwill adjustment to make up for losses suffered as a result of the ongoing economic crisis in Europe, which hit its bottom line. While pleased with some movement forward, CFO Kees Gielen could not help but feel slightly anxious about the upcoming financial year, which he discussed in an exclusive interview with just-food's Hannah Abdulla.

NETHERLANDS: FrieslandCampina posts higher underlying profits

12 March 2014

Dairy giant FrieslandCampina has reported a jump in annual underlying profits.

BRICs and beyond: Lactalis enters India's promising - but challenging - dairy sector

27 January 2014

Put next to China, there has been far less investment in India's dairy sector, which is not as developed as in its BRIC counterpart. However, earlier this month, Lactalis, the French dairy group and the third-largest processor worldwide, confirmed months of speculation it would enter India with the acquisition of local group Tirumala Milk Products.

NETHERLANDS: Vion names Master Blenders exec CEO

18 December 2013

Vion Food Group has announced the appointment of Douwe Egberts Master Blenders chief Michiel Herkemij to the post of CEO.

China briefing: Multinationals face shifting formula landscape

29 November 2013

Multinational companies have dominated China's infant formula market but domestic companies are, with government support, looking to bolster their position with demand expected to remain buoyant. Wang Fangqing in Shanghai reports.

NETHERLANDS: FrieslandCampina consumer boss gets COO role

29 November 2013

Dairy giant FrieslandCampina has appointed Gregory Sklikas to the role of chief operating officer for its consumer foods business.

NETHERLANDS: FrieslandCampina to set up dairy R&D site in China

18 November 2013

FrieslandCampina plans to set up a dairy R&D site in China that the Dutch giant claims will work on improving product quality and safety.

Editor's choice: the highlights on just-food last week

4 November 2013

UK industry moves to lower saturated fat were met last week with criticism in campaign circles. Health issues have also made headlines in Mexico, where the country's Senate has backed plans for a snacks tax. Elsewhere, Sainsbury's plans to take retail rival Tesco to a judicial review, while there were more twists in the battle to buy Warrnambool Cheese and Butter Factory.

NETHERLANDS: FrieslandCampina to close two Dutch sites

31 October 2013

Netherlands-based dairy processor FrieslandCampina is to close two sites in its domestic market as it adjusts to a challenging European market.

FRANCE: FrieslandCampina sells local unit to Austrian dairy Rupp

30 September 2013

FrieslandCampina has agreed to sell French cheese unit Société Industrielle Fromagère to Austrian dairy Rupp.

NZ: Profits up at Synlait, new China laws weigh on sales

24 September 2013

New Zealand infant formula and dairy ingredients group Synlait Milk has reported higher annual profits but said changes to regulations in China hit sales, which came in below target.

NETHERLANDS: FrieslandCampina to open innovation centre

12 September 2013

Dutch dairy group FrieslandCampina is bringing the majority of its research and development activities under one roof with the opening of a new innovation centre in Wageningen.

UPDATE: GERMANY: Odenwald Früchte eyes more M&A after FrieslandCampina brand deal

4 September 2013

German food company Odenwald Früchte has said it is looking for further opportunities to strengthen its business, following the acquisition of dairy brands Mark Brandenburg and Milchreiter from FrieslandCampina.

GERMANY: FrieslandCampina sells dairy brands to Odenwald Früchte

4 September 2013

FrieslandCampina is to sell two of its German dairy brands, Mark Brandenburg and Milchreiter, to local firm Odenwald Früchte for an undisclosed sum.

Editor's choice: the highlights on just-food last week

2 September 2013

Last week saw a story that has dominated our pages apparently laid to rest when it emerged that Fonterra's botulism recall was, in fact, a false alarm.

NETHERLANDS: FrieslandCampina earnings rise on sales gains

29 August 2013

FrieslandCampina has booked a high double-digit increase in earnings, boosted by higher sales and an improved product mix.

CHINA: Beijing "wants 3-5 formula manufacturers" in consolidation push

16 August 2013

The Chinese government reportedly aims to reduce the number of domestic infant formula manufacturers to between three and five companies with revenues of over CNY50bn (US$8.17bn) by 2018.

CHINA: Beijing ups supervision of formula sector

9 August 2013

Chinese regulators have again signalled their intention to increase oversight of infant formula production in a bid to improve safety standards and build public confidence.

In the spotlight: The verdict from China's infant formula probe

7 August 2013

International infant formula manufacturers are adjusting their business practices in China having been found guilty of price fixing. Multinational companies, which were the focus of an anti-trust investigation, say they have emerged from the probe with a "clearer understanding" of the regulatory framework in the country. However, some pundits suggest the probe must be viewed in the context of a wider government push to boost the domestic industry. Katy Askew reports.

CHINA: Formula firms "admit possible price rule violation"

6 August 2013

The Chinese government has reportedly suggested companies under investigation for allegedly fixing infant formula prices in the country have admitted they may have broken rules.

In the spotlight: The uncertain fallout from China's infant formula probe

26 July 2013

Chinese regulators have launched an anti-trust investigation into the infant formula sector in the country and under pressure from the authorities, multinational formula manufacturers have implemented a series of price cuts. But will the move address the structural issues facing the category? Katy Askew investigates.

CHINA: Fonterra cuts maternal milk price amid formula probe

18 July 2013

New Zealand dairy giant Fonterra will cut the price of a maternal health milk product in China, becoming the latest firm to respond to Beijing's investigation into prices in the sector.

CHINA: Japan's Meiji to cut price amid formula probe

12 July 2013

Japanese food and dairy manufacturer Meiji Holdings, another infant formula company being investigated for allegedly breaking competition rules in China, has become the latest to pledge to cut prices.

Editor's choice: the highlights on just-food this week

12 July 2013

For a second week, China's probe into infant formula prices - which it emerged is part of a wider investigation into the dairy sector in the country - grabbed your attention. And the US food retail scene saw the biggest M&A story of the week when Kroger struck a deal to buy regional chain Harris Teeter for US$2.4bn.

Quote, unquote: just-food's week in words

12 July 2013

China's investigation into the alleged fixing of infant formula prices rumbled on this week as Beijing claimed companies at the centre of the investigation were knowingly breaking the law. More firms moved to lower prices, including Mead Johnson, Meiji and FrieslandCampina. Elsewhere, Kroger struck a deal to buy regional supermarket chain Harris Teeter, while just-food spoke with the CEO of Walkers Shortbread's US arm and the newly-appointed managing director of Futura Foods following the sale of a stake in the company to Danish dairy firm Nordex.

CHINA: Mead Johnson pledges formula price cut

11 July 2013

Mead Johnson has become the last of the infant formula companies being investigated for allegedly breaking competition rules in China to pledge to cut prices.

NETHERLANDS/NZ: FrieslandCampina to invest in Synlait Milk

11 July 2013

Dutch dairy giant FrieslandCampina is to take a stake in New Zealand infant formula and dairy ingredients company Synlait Milk, which is set to float this month.

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