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Orkla chairman Stein Erik Hagen (l) and new CEO Peter Ruzicka (r) (photo credit: Vegard Grøtt / NTB scanpix)On the move: FMCG takes front-seat as new CEO joins Orkla

13 February 2014

Nordic group Orkla has replaced former CEO Åge Korsvold just two years after he took the helm. With reports of boardroom strife in the Norwegian press, at first glance one might question whether the news is a function of internal factionalism. On closer inspection, however, it would seem Orkla has moved to another phase in its drive to become a branded consumer goods powerhouse by bringing in FMCG veteran Peter Ruzicka. Katy Askew reports.

NORWAY: New Orkla CEO Ruzicka takes the reins

11 February 2014

Orkla's new chief executive, Peter Ruzicka, took the helm at the Nordic consumer goods giant yesterday (10 February).

NORWAY: Orkla Q4 earnings slip despite sales gain

11 February 2014

Nordic consumer goods company Orkla has booked a drop in fourth-quarter operating profit, despite an improved top-line performance.

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

25 November 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.

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

18 November 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.

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

18 November 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.

The just-food interview part two: Orkla plots return to top-line growth

14 November 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.

The just-food interview part one: Orkla CEO on the group's transformation

13 November 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.

India briefing: The challenge of distribution

31 October 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.

NORWAY: Rieber acquisition drives Orkla Q3 growth

30 October 2013

Nordic food group Orkla has said third-quarter sales and profit growth was driven by its recent acquisition of Rieber & Son.

UKRAINE: Roshen denies Orkla takeover talk

30 October 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.

NORWAY: New-look Orkla unveils NPD

18 September 2013

Orkla has signalled the completion of its transformation from an energy-to-food conglomerate to a consumer goods focused business and unveiled a swathe of product development in the FMCG sphere.

SWEDEN: Arla appoints Unilever exec to head Sweden operations

28 August 2013

Arla Foods has appointed Unilever executive Henri de Sauvage Nolting as the head of its Swedish operations.

NORWAY: Orkla profits dip, looks to strengthen consumer foods

2 May 2013

Orkla has said it aims to drive continued improvements at its consumer foods unit as it booked a decline in operating profit during the first quarter.

The week ahead - US retail conference; Kellogg, Kraft Q1s

29 April 2013

Wal-Mart, Kroger and Supervalu are among the US retailers presenting at a Barclays sector conference next week. The first-quarter results will continue to roll in, with Kellogg, Kraft Foods Group and Canadian retailer Loblaw part of a group of companies to publish numbers.

UPDATE: NORWAY: Orkla "open" to snacks M&A

8 April 2013

Nordic consumer goods group Orkla has said the new CEO of its recently-formed confectionery and snacks business will look at potential M&A opportunities.

NORWAY: Arla exec Aberg to lead Orkla's snacks business

8 April 2013

Norwegian conglomerate Orkla has appointed Arla Foods executive, Christer Åberg, as CEO of its confectionery and snacks business.

EXCLUSIVE: CAGE: Nordic FMCG group Orkla develops "multi-local" strategy

21 March 2013

Norwegian consumer goods group Orkla is preparing to take on multinational food giants in the Nordic markets through the development of its "multi-local" strategy.

just-food's research round-up: UK breakfast cereals market, baby food in Mexico, social media in food

15 February 2013

The latest batch of reports from the just-food research store includes the UK breakfast cereals market, baby food in Mexico and social media in food.

just-food review of 2012: M&A revival but caution hinders big deals

19 December 2012

There were, despite continued economic uncertainty in many Western markets and concerns over slowing growth in the East, signs that M&A activity rebounded in the food sector this year. However, a look at just-food's M&A coverage this year shows there have been few big-ticket, transformational deals.

NORWAY: Rieber & Søn sells fried onion unit to Top Taste

4 December 2012

Norwegian food group Rieber & Søn has sold its "under-performing" crispy fried onions business in the Netherlands to local firm Top Taste Holding.

NORWAY: Costs hit Rieber & Søn Q3 profit

25 October 2012

Norwegian food group Rieber & Søn has booked a drop in third-quarter profits, hit by one-off costs.

NORWAY: Norgesgruppen H1 profits, sales rise

31 August 2012

Norway-based retailer Norgesgruppen has reported rises in both sales and profits for the first half of its fiscal year.

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

24 August 2012

Europe's food sector saw its latest piece of consolidation this week with Orkla's bid to buy Nordic rival Rieber & Son. Elsewhere, US food group Hain Celestial continued its UK expansion with its deal to acquire brands from Premier Foods. Tesco grabbed the headlines with its U-turn on nutrition labels and we had a run of retail results from grocers including Ahold, Delhaize and Russia's X5 Retail Group.

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

24 August 2012

M&A was certainly on the agenda this week as Norwegian conglomerate Orkla announced a deal to buy local food group Rieber & Søn. In addition, Hain Celestial purchased Premier Foods plc's spreads asset, and Greencore acquired the UK own-label chilled ready meals unit of Hain. Here is a selection of quotes from this week's news.

In the spotlight: Orkla praised for Rieber deal despite high price

22 August 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.

UPDATE: NORWAY: Orkla CEO champions Rieber & Son "strength"

20 August 2012

Orkla CEO Åge Korsvold today (20 August) defended Rieber & Søn's recent performance as the Norwegian conglomerate announced a deal to buy the local food group, which has had a challenging 18 months.

NORWAY: FMCG-hungry Orkla to buy rival Rieber & Son

20 August 2012

Norwegian conglomerate Orkla, which is reshaping its business to focus on consumer goods, is to buy local food group Rieber & Søn.

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

23 July 2012

While the row over UK farmgate milk prices rumbled on this week, elsewhere first-half results hit the just-food news desk. Safeway sounded an upbeat note on the performance of its loyalty programme and the group's dominance in retail personalisation for consumers. Elsewhere, just-food spoke with Mizkan EuroAmericas president Craig Smith who spoke about the firm's plansfor the business long-term.

On the money: Orkla branded focus "on track", says CEO

20 July 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).



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