Food industry company news

Subscribe via RSSWhat is RSS?

Latest Insights

Mixed news for Dixy in FY, Q1 updates

Russian retailer Dixy has reported both its full-year financial results today and a sales update for the first quarter of 2013 - and the pic...

Russian retailer Magnit looks to retain top spot

Russian retail colossus Magnit has overtaken X5 Retail Group to become the country's largest by sales. While anticipated, speculation is now...

Briefing: Competition in Russia food retail sector

Michelle Russell | 30 Sep 2013

Russia has been described as one of the most dynamically developing retail markets in the world. The advent of the recession, however, resulted in a slowdown in growth that Russia has not yet fully recovered from. While it is debatable whether Russia will fully re-establish the pace of growth it enjoyed before the credit crisis, the market is seen as an attractive one for FMCG companies.

On the money: Magnit profit rises on margin gains

Katy Askew | 22 Jan 2013

Russian retailer Magnit has seen profits benefit from improved purchasing terms and cost controls as it expanded its store footprint over the past 12 months.

Russia's X5 struggles to deliver on objectives

Katy Askew | 22 Aug 2012

X5 Retail Group has had a turbulent year. Management changes and a significant strategic shift that has sidelined the importance of M&A to the group's expansion plans have combined with an intensely competitive market to leave Russia's largest retailer losing share to its peers. Katy Askew suggests the next 12 months will be telling for the company.

X5 CEO Gusev's departure raises concerns

Katy Askew | 16 Jul 2012

News that Andrei Gusev will stand down as X5 Retail Group chief executive caused shares in the Russian retailer to sink to a 52-week low on Saturday (14 July). The market responded negatively to fears that an unstable management team will be unable to drive growth as X5 struggles to improve organic sales trends. The sudden nature of the announcement and lack of clarity over the reasons for Gusev's departure augmented these concerns. Katy Askew reports.

Latest Interviews

Focus: Russian retailer Dixy's prudent expansion

Katy Askew | 18 Mar 2013

Dixy significantly beefed up its presence in Russia's food retail sector when it acquired local peer Victoria Group two years ago. While the company still has its foot on the throttle, with some ambitious plans to expand over the next three years, Dixy's attention has now turned to a lower-capital intensive organic growth phase. Katy Askew spoke to Dixy's head of investor relations Natalya Belyavskaya to find out more.

The ten most-read interviews on just-food in 2012

Dean Best | 18 Dec 2012

just-food's interviews with senior executives in the international food sector provide exclusive insight into how the leading lights in the industry deal with the challenges and embrace the opportunities in front of them. This year, the most-read interviews on just-food included one-on-ones with companies from General Mills and Heinz to Russian retail giant Magnit to the UK government minister responsible for food policy.

Latest News

Profits up at Russian retailer Magnit

Dean Best | 22 Apr 2014

Russian retailer Magnit has reported higher first-quarter earnings.

Russian retailer X5 sees LFL sales accelerate

Dean Best | 11 Apr 2014

Russian retailer X5 Retail Group has reported a 6% rise in like-for-like sales for the first quarter of 2014, a faster rate of growth than seen in 2013.

Russian retailer Magnit books 7% in Q1 LFLs

Dean Best | 10 Apr 2014

Russian retailer Magnit saw like-for-like sales rise over 7% in the first quarter of 2014, it said today (10 April).

Magnit full-year earnings rise on sales, margins

Katy Askew | 27 Jan 2014

Russian retailer Magnit reported an increase in operating profit for fiscal 2013, boosted by higher sales and stronger margins.

X5 drives turnaround despite "ebbing" confidence

Katy Askew | 23 Jan 2014

Russian retailer X5 Retail Group has said that it will push ahead with plans to improve its performance in 2014 in the face of what it described as "ebbing" consumer confidence in the country.

Magnit sales up but December slowdown hits shares

Dean Best | 10 Jan 2014

Magnit, Russia's largest food retailer by revenue, has booked higher sales for 2013, although a slowdown in the fourth quarter caused its shares to fall today.

UPDATE: RUSSIA: Magnit DC supports space expansion

Katy Askew | 3 Dec 2013

Russian retailer Magnit has said its new distribution centre in Yaroslavl will support the expansion of its store network in the region.

Russian grocer Magnit opens distribution centre

Katy Askew | 3 Dec 2013

Magnit, Russia's largest retailer by sales, has said it will open a new distribution centre in Yaroslavl.

Auchan outlines Russia expansion plans for 2014

Dean Best | 19 Nov 2013

Auchan has outlined plans to open ten to 14 stores in Russia in 2014 across its three different formats.

Magnit books record profit, lowers sales guidance

Michelle Russell | 28 Oct 2013

Magnit, Russia's largest retailer by sales, said it achieved "record" profitability in the first nine months of the year but lowered its sales target for the full year.

Russian retailer Magnit ups 2013 margin forecast

Dean Best | 26 Sep 2013

Magnit, Russia's largest retailer by sales, has lifted a margin forecast for this year.

Russia's X5 coy over link to Seventh Continent

Michelle Russell | 23 Sep 2013

Russian retail giant X5 Retail Group has declined to comment on reports it may acquire Moscow-based competitor Seventh Continent.

H1 profits up at Russian retailer Magnit

Dean Best | 23 Jul 2013

Half-year profits at Russian retailer Magnit jumped almost 40%, pushing its shares higher today (23 July).

H1 sales up at Russian retailer Magnit

Dean Best | 10 Jul 2013

Half-year sales at Russian retailer Magnit jumped 30%, thanks to the contribution of new stores and signs underlying sales were also up.

Magnit records Q1 profit increase

Michelle Russell | 23 Apr 2013

Russian retail giant Magnit has booked an increase in profits in the first quarter of the year.

Week ahead: ABF H1s; Unilever, Hershey, Premier Q1

Dean Best | 22 Apr 2013

A raft of companies report to the market next week, including UK-based food group Associated British Foods, which is set to unveil its half-year results. Data for the first quarter of 2013 will continue to come in, with Unilever, Hershey and Premier Foods plc among those set to publish numbers.

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

Michelle Russell | 22 Apr 2013

The industry's first-quarter results continued to pour in last week and two of France's leading retailers, Carrefour and Casino revealed sales figures that got analysts talking. Carrefour appeared pleased with its domestic performance, while Casino was encouraged by the results of recent pricing initiatives. Elsewhere, Tesco finally confirmed its plans to exit the US and revealed it had received and was pursuing interest in the business.

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

Dean Best | 22 Apr 2013

Major food manufacturers began to report their first-quarter results last week. Nestle came under scrutiny for its performance in emerging markets. A cautious Danone saw signs of improvement from its European dairy operations, while its infant formula business was buoyant. Elsewhere, we shone the spotlight on the recent rationing of formula in Western markets amid high demand in China, looked at Marks and Spencer's latest European venture and analysed Magnit's move to Russian retail's top spot.

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

Dean Best | 15 Apr 2013

UK-based R&R Ice Cream last week snapped up local rival Fredericks Dairies, a deal its CEO told us will help it compete better with Unilever. We spoke to M&A analysts about the potential sale of Burton's Biscuit Co. and to the chairman of Canada's Dare Foods about his expansion plans. In Europe, the sector was rocked by fresh horsemeat revelations, including news an Asda product contained the veterinary drug phenylbutazone.

X5 sales up on store openings, LFLs muted

Katy Askew | 12 Apr 2013

X5 Retail Group has booked an 8.1% increase in first-quarter net sales, driven by store openings - although like-for-like sales were less buoyant.

Q1 sales up at Russian retailer Magnit

Michelle Russell | 10 Apr 2013

Russian retailer Magnit has recorded an increase in sales in the first quarter of 2013.

Editor's choice: the highlights on just-food

Katy Askew | 28 Jan 2013

This week saw the debate around the food industry's role in the obesity epidemic come to the fore once again, as the UK Government warned that the industry must do more or face the possibility of legislation. The inauguration of Barack Obama for his second term in office gave us a timely opportunity to look at what has been achieved under his administration - and what could be in store for US food makers. Meanwhile, news that Christine Tacon has been named UK Groceries Code Adjudicator put supply chain relationships firmly in the spotlight. We were able to delve a little deeper into Tacon's take on the subject when we interviewed her shortly after her appointment.

Latest blogs

And so I bid farewell

Michelle Russell | 29 Nov 2013

Sachin Tendulkar isn't alone in bidding farewell to colleagues as, today, I enter into my final few hours as news editor for just-food.

Company research

Magnit : Retailing - Company Profile, SWOT & Financial Report

Magnit : Retailing - Company Profile, SWOT & Financial Repor

Canadean's "Magnit : Retailing - Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The profile contains a company overview, key fac...

Read more >

Magnit OAO in Packaged Food (Russia)

Magnit OAO in Packaged Food (Russia)

Magnit is planning to further expand its outlet network, with the company expecting to open 1,100 convenience stores, 350 cosmetic stores and 80 hypermarkets in 2014. Magnit aims to create a leading h...

Read more >

Agricultural Products in Russia

Agricultural Products in Russia

Agricultural Products in Russia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2009-13, and forecast to 2018). The profile...

Read more >

just-food homepage

Forgot your password?