ISRAEL: Blue Square moves in for organic retailer
Israeli retailer Blue Square is set to buy a majority stake in local natural and organic retailer Eden Briut Teva Market.
Blue Square said today (3 August) that it had signed a deal to buy 51% of the Eden business for around NIS22.5m (US$5.2m).
Eden is a niche retailer set up four years ago, operating just two stores.
Yesterday, Blue Square, which operates 181 stores in Israel, said it had been the victim of an extortion attempt.
Blue Square said a lawyer had approached it on behalf of a supposed client who claimed there were certain defects at the meat operation in the Park Raanana Mega store operated by BSIP.
Blue Square said the lawyer demanded payment of millions of Israeli shekels by Blue Square in return for refraining from publicising the claimed defects and not filing a class action.
More discerning consumers are driving growth at UK meat processor Cranswick - despite the reputation of sausages and bacon taking a hit in the battle against rising obesity. In this month's just-food ...
With obesity levels rising on both sides of the Atlantic, the need to understand consumers' attitudes towards healthier food has never been so pressing. Today (29 January), food industry executives me...
UK meat processor Cranswick and local food group Duchy Originals have decided to end the licence agreement between the two companies....
Hain Celestial is to restate financial statements for its last two fiscal years following a review into the company's share option practices....
US-based Proctor & Gamble has announced a net sales growth of 9% to US$21.6bn for the second quarter due in part to organic growth in developing regions....
Rising sales at home and abroad have buoyed full-year revenue and profits at Kellogg, the US-based cereal giant....
The spike in global dairy prices over the last 12 months has hit full-year earnings at US giant Kraft Foods....
The founder of Canadian company My Organic Baby Food has made an apology to parents for a packaging issue that resulted in a product recall last week....
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