JAPAN: Daiei, Aeon to “launch shared brand”
Struggling Japanese supermarket Daiei is reportedly keen to establish a common private-label brand with its largest shareholder and business partner Aeon.
According to the local Jiji Press news agency today (13 June), Daiei president Toru Nishimi said the company hopes to launch products under the new brand as early as the second half of this fiscal year.
Currently, private-label sales account for about 5% of Daiei's total sales. The group hopes to raise this figure to more than 10% in the next two to three years.
The move is expected to have a positive impact on earnings from in the second half of the current fiscal year, Nishimi said.
Increasingly hectic lifestyles and cultural changes, such as more women joining the workforce, would be enough to sustain growth in the ready meals market but, writes Emily Woon of Euromonitor Interna...
Canadian food and beverage group Lassonde Industries has announced that its niche foods subsidiary, Lassonde Specialties Inc., has completed the C$18.9m (US$19.0m) acquisition of Mondiv Food Products,...
Kraft Foods' decision to sell its Post cereals business has led the US food giant to close a manufacturing site in Canada....
Ralcorp Holdings said today (15 November) that its acquisition of US cereals business Post will give the private-label firm a "platform" to make further branded acquisitions....
Kraft Foods has sold its Post cereals business to US private-label group Ralcorp Holdings in an all-stock deal worth US$2.6bn....
Unilever is to further streamline parts of its business in France after deciding to focus its Cogesal-Miko ice cream business on growing brands including Carte d'Or....
US food giant ConAgra Foods has resumed production of Banquet brand and private-label pot pies following the product recall last month....
Ralcorp Holdings, the US private-label food firm, expects earnings to grow by 5% during fiscal 2008, despite rising raw material costs....
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- Comment: Meal kits in US - don't believe the hype
- General Mills sales woes continue - analysis
- Interview: The Soulfull Project's mission
- Post Holdings 'close to acquiring Weetabix'
- Kraft Heinz cuts jobs in US, Canada
- Recipe-kit firm HelloFresh launches into UK retail
- Mondelez set for union crosshairs next week
- Mondelez plays down impact of union action