Quote, unquote: just-food's week in words
The week saw more of the major food manufacturers report their half-year results. Aside from their numbers, Danone faced questions on the performance of its business in Russia, while Hershey's new CEO was quizzed over its future in India. Meanwhile, Superquinn directors dropped their legal action against the Irish retailer's receivership and a group of UK politicians urged the Government to strengthen the powers of the proposed grocery watchdog. Click on the links for more.
"This now looks like a 2012 event at best. At worst, there is still the risk that this turns out to be another M&A disaster for Danone" - Sanford Bernstein analyst Andrew Wood ponders the future for Danone's Russian business Unimilk, which the French food giant was forced to defend this week.
"How we participate there could potentially look different but we feel very good about the potential of our businesses in India" - Hershey president and CEO John Bilbrey was coy about the future of the confectioner's venture in India with Godrej.
"With the support fund in place, we now believe that the receivership process is in the best interests of our suppliers, colleagues and the many other partners of Superquinn and are happy to support the process" - Directors in Superquinn, initially opposed to the Irish retailer's move into receivership, backed the process this week after prospective buyer Musgrave Group pledged to set up a fund to help suppliers.
"We disagree with the Government on the introduction of fines, however. We propose that fines be an available penalty from the start, not least so that the adjudicator's performance can be judged on the basis of a full package of remedies" UK Labour MP Adrian Bailey believes the proposed grocery watchdog should be able to fine retailers that treat suppliers unfairly.
"Given that that consumer is looking for value and the retailer wants to deliver value, cheese is one of the core categories that they will promote. Probably more than they should but that's their call" - First Milk commercial director Richard Hollingdale says UK retailers always look to use promotions in the cheese category to drive volumes.
"While the decision to close a plant and eliminate jobs is always painful, we must make better use of our assets given the challenges facing our industry from record-high feed costs and an oversupply of chicken" - Pilgrim's Pride president and CEO Bill Lovette explains the US poultry processor's decision to close a plant in Texas.
"We are continuing to gain market share at a faster rate than most public food retailers" - Whole Foods Market co-COO Walter Robb hails the US natural and organic retailer's recent trading performance.
"Emerging cities and markets will be our focus in the future" - Ed Chan, CEO of Wal-Mart Stores' operations in China, reveals the US retailer is looking at the country's lower-tier cities.
"You have to admire them for their long-term game. Its profits [from online] are hidden but if it was not successful in the UK then they'd not be doing it overseas" - David Smith, MD of global e-retailing industry association IMRG, praises Tesco's online business.
"We've got to be seen to be moving forward together as an industry" - Robin Dearden, environment, health and safety manager at Arla Foods' UK arm, believes the country's dairy processors need to work together to improve the sector's impact on the environment.
Sectors: Baby food, Bakery, Canned food, Cereal, Chilled foods, Commodities & ingredients, Condiments, dressings & sauces, Confectionery, Dairy, Dried foods, Emerging markets, Financials, Fresh produce, Frozen, Health & wellness, Ice cream, Meat & poultry, Multichannel, Natural & organic, NPD & innovation, Private label, Retail, Seafood, Snacks, Sustainability & the environment, World foods
just-food's most popular analysis articles in 2011 had a very international flavour. Denmark's move to levy a tax on saturated fat grabbed your attention, as did our features on India's infant formula...
The collapse of Lehman Brothers in October 2008 was a pivotal point in the evolution of our economic landscape. The fact businesses can look back to that day and pinpoint a sea-change in the shopping ...
Asda, unlike Tesco and Sainsbury's, increased its number of promotions in December, according to data from just-food's Promo Tracker....
The performance of the UK food retail sector over Christmas came under scrutiny this week and there were some clear winners and losers. Elsewhere, the M&A rumour mill continued to turn, with German yo...
Swedish dairy co-operative Skånemejerier said today (11 January) it expects its sale to French dairy giant Lactalis to go through at the start of March....
US pharmaceutical giant Pfizer has said it has yet to decide on whether it will sell its infant nutrition business following claims that HJ Heinz, Nestle and Danone have made bids for the unit....
HJ Heinz, Danone and Nestle have all been linked to bids for Pfizer's infant nutrition business....
- Nomad's post-Iglo opportunities
- Focus: Can Arla jump-start UK flavoured milk?
- PepsiCo underlines the challenge on health
- Hershey's long-term confidence on China
- Comment: Nestle reacts to world of 3G and Buffett
- Tesco delists Rachel's Organic yoghurt range
- Hostess sale rumours hit headlines again
- Hershey cuts sales forecast on forex and China
- Bongrain investors approve name change
- China to introduce "toughest" food safety law yet