Pick n Pay
Tesco was in the spotlight this week after the publication of its annual results confirmed what a challenging year the UK's largest retailer endured. Another UK grocer under scrutiny is The Co-operative Group, which reported banking-induced losses, but revealed it is re-sizing its food retail estate to give it more focus. Elsewhere, China's WH Group, of which Smithfield Foods is now a part, announced plans to list in Hong Kong and US group Post Holdings made another M&A move, with a deal to buy egg-to-dairy supplier Michael Foods.
South African retailer Pick n Pay has revealed it is looking at ways to enter Nigeria.
South African retailer Pick n Pay has booked an increase in first-half earnings, boosted by tighter cost control, increased sales and improved gross margin.
South African retailer Pick n Pay today (4 September) confirmed that it will lay off 400 administrative workers as it works to boost efficiency.
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.
South African supermarket operator Pick n Pay said it was "very disappointed" with half-year profits as earnings dropped and its growth was "behind the market".
The IGD's annual convention attracts the leading executives from the UK FMCG sector and last week they heard the likes of Tesco, Sainsbury's, Unilever and Heinz discuss the economy, multichannel strategies, labelling and innovation. Elsewhere, Wal-Mart outlined its expansion plans for next year, Mars called on the chocolate sector to co-operate more on sustainable cocoa (which it said would cost billions) and Kellogg revealed the possible financial impact of its latest recall.
South African supermarket operator Pick n Pay has booked an increase in first-half sales.
South African supermarket operator Pick n Pay has appointed former Tesco UK chief Richard Brasher as its CEO.
South African supermarket operator Pick n Pay has denied reports it has appointed former Tesco UK chief Richard Brasher into a senior executive role.
South African retailer Pick n Pay has revealed it will expand its operations on the African continent over the coming year, with plans to enter Malawi and the Democratic Republic of the Congo.
South African retailer Pick n Pay today (18 April) insisted it was "encouraged" by its improved performance over the past six months despite annual profits falling by more than 10%.
The future of Iglo Group, Europe's largest frozen food manufacturer, was a hot topic this week with its private-equity owner preparing to put the business up for sale. Elsewhere, the M&A rumour mill focused on South African retailer Pick n Pay and Spanish food groups Moreno and Hojiblanca announced plans to merge. We looked at the potential buyers of United Biscuits' salty snacks arm, looked at the pressure food manufacturers are still under from commodity costs and interviewed the CFO of Dutch bakery firm CSM, which saw profits hit last year by raw material prices. And the latest just-food briefing focused on stevia, the intense sweetener seen to have huge potential.
The Food and Drink Expo took place in Birmingham, UK, this week, hosting a raft of manufacturers and grocers from across the UK's food and drinks sector.
South African retailer Pick n Pay has reportedly held talks with international retailers over the possible sale of a stake in the company.
Nick Badminton has announced his intention to stand down as chief executive of South African supermarket operator Pick n Pay.
The Australian Competition and Consumer Commission (ACCC) has abandoned its bid to halt Metcash's acquisition of rival retailer Franklins.
Union officials have reached a deal with Pick n Pay to save 2,000 jobs at the South African retailer.
The Australian Competition and Consumer Commission's (ACCC) bid to stop Metcash's takeover of fellow retailer Franklins has been quashed.
South African retailer Pick n Pay has reported an expected fall in its half-year profits despite a jump in sales.
South African retailer Pick n Pay has admitted that its half-year profits could fall by as much as 50% due to investment to make it a "globally competitive" business.
The Australian Federal Court will not grant an injunction to delay Metcash's proposed acquisition of fellow retailer Franklins.
The Australian Competition and Consumer Commission (ACCC) is appealing against the Federal Court’s decision to allow the local retailer to acquire shares in the Franklins chain of supermarkets.
Australia's Federal Court has dismissed an application by the country's watchdog to stop local retailer Metcash proceeding with the acquisition of rival Franklins.
South African retailer Pick n Pay has named Richard van Rensburg deputy CEO as the retailer looks to transform itself into a "world-class retailer".
The tussle over Brazil's largest retailer rumbled on this week, while Nestle's interest in Chinese confectioner Hsu Fu Chi gave industry watchers something to chew over. Meanwhile, away from the emerging markets, a key EU vote brought new food labelling laws a step closer.
This week, it was revealed that Nestle is in talks with Chinese confectioner Hsu Fu Chi, while on the retail front, South Africa's Pick n Pay revealed plans to make more than 3,000 people redundant. The fight over control of Brazilian retailer CBD continued with Casino, Carrefour and the Diniz Group all trading barbs. Here's the best of what was said this week:
South African retailer Pick n Pay has revealed plans to make more than 3,000 staff redundant.
Pick n Pay CEO Nick Badminton said today (18 April) he was "disappointed" with the performance of South Africa's second-largest grocer and warned about continuing difficulties in the trading environment as he unveiled an 18% drop in annual profits.
Nestle is reportedly planning on upping its presence in Nigeria. In the past six years, the world's largest food manufacturer has injected US$400m into its Nigerian business and has plans to spend $70m this year.
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