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...
Orkla, the Norwegian conglomerate with interests in aluminium and finance as well as pizza and chocolate, wants to focus on consumer goods....
Norwegian conglomerate Orkla has said plans to focus on brands are "on track" despite the unit delivering a drop in first-half profits today...
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.
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.
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.
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
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.
Orkla has announced plans to wind up production at its flatbread manufacturing facility in Lierne in Norway.
Orkla's new chief executive, Peter Ruzicka, took the helm at the Nordic consumer goods giant yesterday (10 February).
- On the money: Hormel still looking for M&A
- FMCG sales slowing despite economic green shoots
- Consuming issues: The hunger-obesity paradox
- On the money: Hain expects continued organic gains
- Analysis: Market bets on higher Chiquita offer
- Switz rejects EU plea to bypass Russia export ban
- Parmalat nears Lacteos Brasil acquisition
- Russian government eases ban on food imports
- Fonterra, Beingmate launch infant formula JV
- UK group Symington's eyes Australia growth