GLOBAL: Cargill, Callebaut await customer-fuelled M&A (MEM)

Chocolate processing giants Cargill and Barry Callebaut have suggested that any consolidation between the sector's leading brand-owners could lead to more M&A activity among the industry's suppliers.

US: Pinnacle buys Birds Eye Foods for US$1.3bn (REG)

Pinnacle Foods Group has inked a deal to acquire Birds Eye Foods in the US in a transaction valued at US$1.3bn.

DENMARK/NZ: Fonterra exits UK venture with Arla 

Arla Foods has strengthened its control over the dairy brand Anchor in the UK after Fonterra, the New Zealand dairy giant, opted to sell its stake in a venture between the two groups.

• US: Wal-Mart Latin America CEO to leave (MEM)
  US retailer Wal-Mart has confirmed that the president and CEO of its Latin America operations is leaving the company.
• INSIGHT: Smucker benefits from margin boost (MEM)
  JM Smucker said today (20 November) that improved margins had bolstered its second quarter profits, which more than doubled year-on-year.
• Top stories on just-food this week
  This was the week when even the ongoing speculation over the future of Cadbury was trumped as the headline-grabbing story. That honour fell to UK retail's leading Dutchman, Marc Bolland, who is set to switch from Morrisons after three successful years for upmarket rival Marks and Spencer. The Bolland bombshell overshadowed the latest twist in the Cadbury saga, which saw Hershey and Ferrero indicate they could enter the fray - with a possible joint bid for the Dairy Milk maker a possibility. These are the top stories on just-food this week.
• FRANCE: Bonduelle to sell fruit and pickles site (MEM)
  The French vegetable group Bonduelle is tightening its focus on its core business with the sale of the Rijkevorsel fruit and pickles factory.
• UK calorie confusion adds twist to labelling debate (MEM)
  The publication by the UK’s Scientific Advisory Committee on Nutrition (SACN) of increased energy requirements and the ensuing media reaction has threatened to undermine public health education about obesity and overweight, Ben Cooper writes, and has posed questions for the Food Standards Agency about how it communicates complex scientific findings to the public.
• US: Smucker profits rise on Folgers, sales uplift
  US jellies and spreads maker JM Smucker has seen its second-quarter profits more than double, as the company benefited from its Folgers Coffee acquisition and consumers increasingly eating at home.
• FRANCE: Entremont agrees to increase milk price (MEM)
  Entremont Alliance has agreed to increase the price paid to producers for milk supplies it received in October by EUR19 (US$28.2) per 1,000 litres to EUR262/1,000 litres.

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• US: Nestle warns on pumpkin shortage
• UPDATE: FRANCE: Danone target cut "disappoints" market
• INSIGHT: Barry Callebaut bullish despite outlook cuts
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Auchan claims success with French hypermarkets
20th November 2009 16:58

The deterioration of the French hypermarket sector is well documented. Casino and Carrefour have both witnessed falling sales and profitability in their hypermarket businesses. Th...

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The all-new, just-food job board is now live!

Calling all candidates... If you are looking for your next career step, or are new to the industry then you will find a selection of worldwide food industry jobs.

Start searching and applying for your perfect job today!

Looking for the perfect candidate? The captive and targeted audience that just-food provides, makes the just-food job board the perfect place to advertise all your food industry positions.

And, for a limited time there is a 50% discount on single job postings!

• Global Functional Dairy Insights
  Published Mar 2009 - (£ 250.00)
• Recessionary Strategies for Food and Drinks Companies: The impact on NPD, price architecture and future developments
  Published Oct 2009 - (£ 1691.08)
• Ready Meals in China 2009: A Market Analysis (download)
  Published Nov 2009 - (£ 950.00)
• Opportunities in Whey Products and Lactose: Market growth and new product development in sports and infant nutrition
  Published Oct 2009 - (£ 2820.42)
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  Published Oct 2009 - (£ 852.89)

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The EU hopefuls

The food and drink industries of the ten countries that joined the European Union in 2004 have been transformed by this expansion of Europe’s borderless market. Food and drink companies and markets in the countries that joined the EU on 2007, Bulgaria and Romania, are facing a similar transformation. But what of the countries that are still knocking on the door of the EU for future membership? How will their food and drink sectors fare, assuming their countries are admitted. And how could this further expansion impact on the EU’s existing food and drink sectors? Here we investigate and analyse the potential results of more EU expansion.

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