Nordic group Orkla has replaced former CEO Åge Korsvold just two years after he took the helm. With reports of boardroom strife in the Norwe...
There were, despite continued economic uncertainty in many Western markets and concerns over slowing growth in the East, signs that M&A acti...
| 31 Oct 2013
India is a country of markets within markets, involving numerous languages, varying tastes and cultural preferences - posing challenges to nationwide advertising and marketing and hindering pan-Indian distribution. Such problems are hindering growth but, as Raghavendra Verma writes from New Delhi, there are solutions for FMCG companies.
| 22 Aug 2012
Orkla, the Norwegian conglomerate with interests in aluminium and finance as well as pizza and chocolate, wants to focus on consumer goods. This week, Orkla agreed to buy local food group Rieber & Son and, although analysts expressed misgivings at the price it paid, they believe it is a sensible move from the company. Dean Best reports.
| 20 Jul 2012
Norwegian conglomerate Orkla has said plans to focus on brands are "on track" despite the unit delivering a drop in first-half profits today (20 July).
| 4 May 2012
Seven months ago, Orkla CEO Bjørn Wiggen announced the Norwegian conglomerate would focus on the FMCG sector, earning praise from analysts in the process. This week, Orkla stunned the market with news that Wiggen had decided to resign. Eyebrows were raised further yesterday when it emerged the boss of Orkla's FMCG unit would also leave the business. Industry watchers believe the departures will not mean a change in direction but could suggest Orkla's owners were frustrated with the slow progress of the company's new strategy.
| 14 Nov 2013
With a stable of leading brands in the Nordics, Orkla is a regional powerhouse. However, a lack of focus has resulted in a sluggish performance from its food business for a number of years. CEO Age Korsvold intends to reverse this trend and has set out an ambitious plan that he believes will drive top-line growth and improved profitability. Katy Askew found out more.
| 13 Nov 2013
Norwegian conglomerate Orkla has decided to focus on its consumer goods business and is selling off non-core assets that span sectors from energy to finance. The company hopes this new-found clarity will enable it to bring vibrancy to its leading regional food brands. In part one of the just-food interview, Katy Askew spoke to chief executive Age Korsvold to find out more about the strategy.
| 22 Jun 2015
Norway-based group Orkla has struck a deal to buy Austrian firm Bioquelle.
| 12 May 2015
Norway's Orkla has announced the acquisition of Swedish frozen vegan food maker Anamma Foods.
| 12 May 2015
Norway-based food group Orkla has snapped up a majority stake in Icelandic firm Nonni Litli.
| 7 May 2015
Orkla has reported higher first-quarter sales and underlying profits from branded consumer goods, a business on which the Norway-based group is increasingly looking to focus.
| 1 May 2015
This week, Mondelez International reported its first-quarter results, with news of a solid performance in China. Elsewhere, Associated British Foods announced the launch of a high-protein bread in New Zealand. Yves Potvin, founder of meat-free brand Gardein, spoke to just-food about its plans under the ownership of Pinnacle Foods. And Kerry Group said moves to reposition its portfolio to focus on snacking trends were paying off. Here is the week in quotes.
| 27 Apr 2015
Orkla is to distribute more PepsiCo products in the Nordic region, adding cereal and snacks lines to the juice brand Tropicana the company handles for the US giant.
| 14 Apr 2015
Orkla has removed the palm oil from its Smash chocolate on sale in Norway and Finland as part of ongoing plans to reduce its use of the ingredient.
| 20 Mar 2015
Orkla has announced a NOK130m investment in its Fredrikstad plant.
| 5 Feb 2015
Norwegian conglomerate Orkla saw sales and profitability from Orkla Foods, its largest division, improve in the last three months of 2014 "after several weak quarters".
| 1 Dec 2014
Orkla has entered into an agreement to offload its Russian confectionery business to Slavyanka-Lyuks, a member of Russian confectionery group Slavyanka, for an undisclosed sum.
| 3 Nov 2014
Norway-based consumer goods group Orkla has reported higher third-quarter profits but earnings missed analyst forecasts amid pressure on the company's foods unit.
| 26 Aug 2014
Norway's Orkla has said it is hoping to boost its presence in the Baltic states with the acquisition of Latvia-based food manufacturer NP Foods Group.
| 17 Jul 2014
Nordic consumer goods giant Orkla today (17 July) booked a 19% increase in second-quarter operating profit, boosted by savings from the integration of 2012 acquisition Rieber & Søn
| 27 May 2014
Nordic food group Orkla struck a deal to sell its Polish cake mixes and desserts business, Rieber Foods Polska ("Delecta"), to an investment fund managed by Innova Capital.
| 23 May 2014
Orkla has announced plans to wind up production at its flatbread manufacturing facility in Lierne in Norway.
| 11 Feb 2014
Orkla's new chief executive, Peter Ruzicka, took the helm at the Nordic consumer goods giant yesterday (10 February).
| 11 Feb 2014
Nordic consumer goods company Orkla has booked a drop in fourth-quarter operating profit, despite an improved top-line performance.
| 25 Nov 2013
Last week saw the latest in our series of just-food interviews, with Greencore CEO Patrick Coveney talking horsemeat, the ups and downs of M&A attempts and expansion in the US. The last five days also saw Burton's Biscuit Co. sold and more underwhelming results in the US with Campbell Soup Co.'s profit warning.
| 18 Nov 2013
All three bidders for Australian dairy Warrnambool Cheese and Butter Factory tabled revised offers this week - with the takeover target still backing Canada's Saputo. Meanwhile, Mexican food group Sigma has made a move for Spanish meats firm Campofrio. And our latest just-food interview saw Orkla CEO Age Korsvold talk about the Nordic group's plans for FMCG.
| 18 Nov 2013
This week saw a continued focus on M&A, as further evidence of the global trend towards consoidation in the sector emerged. The battle for Australia's Warrnambool Cheese and Butter Factory rumbled on and Mexico's Sigma launched a takeover bid for Spain's Campofrio.
| 30 Oct 2013
Nordic food group Orkla has said third-quarter sales and profit growth was driven by its recent acquisition of Rieber & Son.
| 30 Oct 2013
Roshen has moved to quell rumours the Ukrainian confectioner has entered into an agreement that would see Norway's Orkla take control of the business.
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