20 May 2013
UK meat processor Cranswick, dairy group Dairy Crest and Marks and Spencer, perhaps the most scrutinised name on the country's high street, are all set to announce annual results next week. In the US, Spam owner Hormel Foods will post its half-year results.
23 April 2013
Russian retail giant Magnit has booked an increase in profits in the first quarter of the year.
22 April 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.
22 April 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.
17 April 2013
Russian retail colossus Magnit has overtaken X5 Retail Group to become the country's largest by sales. While anticipated, speculation is now likely to turn to whether Magnit can extend its lead, or if X5 has what it takes to up its game and claw back the number one position.
15 April 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.
12 April 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.
7 March 2013
X5 Retail Group, Russia's largest retailer by sales, has reported an annual loss of over US$126m after impairment charges hit its bottom line.
28 January 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.
23 January 2013
The release of X5 Retail Group's sales figures has prompted pundits to suggest that Magnit could overtake X5 as Russia's largest retailer this year.
23 January 2013
X5 Retail Group, Russia's largest retailer by sales, reported an 8.3% rise in net sales for fiscal 2012, driven by higher revenues at the group's discount formats.
22 January 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.
14 January 2013
The board of Russia's X5 Retail Group has nominated interim CEO Stephan DuCharme to take the post permanently, as new figures show that store openings lifted the firm's sales in 2012.
7 January 2013
Wal-Mart has appointed Lev Khasis to the post of president and chief executive of new formats at Wal-Mart International, in a move the retail giant indicated would enhance its ability to develop new formats.
20 November 2012
Russian retailer X5 Retail Group's bottom line improved in the third quarter year-on-year - but its sales slid and operating profit fell.
9 November 2012
Multinational dairy company Moloko Holdings is to start production and distribution of Russia's first organic milk in the Ulyanovsk province.
11 October 2012
X5 Retail Group has recorded a decline in third-quarter like-for-like sales amid falling sales at its hypermarkets and supermarkets.
19 September 2012
Russian retailer X5 Retail Group is to invest RUR1bn (US$32m) in the Tula region, south of Moscow.
3 September 2012
The future direction of Carrefour was in the spotlight this week as the market waited to hear what CEO Georges Plassat had in mind for the retailer. Plassat outlined his plans but there was frustration he did provide more financial details. The retail sector dominated our coverage this week, with news Tesco plans to close stores in China, an interview with Russian retail giant Magnit and speculation Marks and Spencer could be on the radar of private-equity firms.
31 August 2012
Russian retail colossus Magnit can lay claim to having had a rather buoyant year. As one of the country's largest food retailers, it has grown in tandem with the country's middle-class and seen its profits more than double in the first half of 2012. Michelle Russell talks to Oleg Goncharov, Magnit's deputy CEO and investor relations director, about the retailer's confidence in the market, opportunities for growth and the year ahead.
29 August 2012
Jan Fuchs has become the latest senior executive to leave Russian retailer X5 Retail Group.
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.
22 August 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.
21 August 2012
X5 Retail Group has booked a 21% decline in first-half profits, with declining sales and margins hitting the bottom line and currency exchange dampening comparisons.
25 July 2012
Russian retailer Dixy is focusing its growth strategy on expanding its convenience store network in the country.
24 July 2012
Russian grocery retailer Magnit has booked a 142% jump in first-half profits, driven partly by higher sales.
17 July 2012
Last week's shock announcement that X5 Retail Group CEO Andrey Gusev resigned caused the Russian retailer's share price to tumble. X5 also booked a mixed set of second-quarter results that showed the retailer was only able to slow - but not reverse - declining like-for-like and customer traffic trends. Analysts in Moscow are split over its performance in the market and the outlook for the country's largest retailer, but there is agreement the departure of Gusev will come as a blow.
16 July 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.
16 July 2012
UK dairy farmers this week gathered at a summit in London to air their views on recent cuts in prices to liquid milk and the implications of the cuts. In the US, PepsiCo and Müller made the much-anticipated launch of their yoghurt range, while Campbell Soup Co. indicated it is eyeing expansion into new categories through its acquisition of carrot-to-beverage firm Bolthouse Farms.
13 July 2012
The CEO of Russian retailer X5 Retail Group Andrei Gusev has quit after just one year in the role.