Quote, unquote: just-food's week in words
Chobani has had to relabel its yoghurt as "strained" in the UK
Sainsbury's ebullient boss Justin King this week announced his decision to quit after a decade in charge of the UK grocer. Premier Foods ceded control of its bread arm, although some in the City believe more action is needed to improve the UK group's balance sheet. And Chobani refuses to throw in the towel in its UK legal battle with Total yoghurt owner Fage.
"It's not an easy decision to make. Emotionally I've invested ten years of my life in the leadership of Sainsbury's and I love the business. But ... part of leadership is knowing when the time is right, both for you but also for the business that you lead, to hand on the reins and I believe that time is now" - Sainsbury's chief executive Justin King reflects on his decision to stand down from the helm of the UK grocer.
"We understand that the company is making progress with the pension trustees but note that this transaction places further pressure on the cash generation of its grocery business, as any cash generation from the bread business is unlikely to ever make it back to Premier" - Panmure Gordon analyst Damian McNeela says the UK food group may still need a debt refinancing and rights issue to bolster its balance sheet - despite ceding control of its bread arm.
"The fight is not over" - US-based yoghurt firm Chobani vows to go to the UK's Supreme Court after losing another legal battle with rival supplier Fage over the use of the term 'Greek yoghurt'.
"We have big plans for the UK" - Ferran Infante, sales director for Natra's operations in Europe, the Middle East and Africa, on the Spain-based chocolate supplier's opening of an office in London.
"The Government decision is disappointing in light of the fact that SPC Ardmona had presented to both the Federal and Victorian governments a solid business case" - Coca-Cola Amatil reflects on Canberra's decision not to issue a A$25m grant to support the Australian Coke bottler's plans to invest in its fruit and vegetable arm.
"We are open to any collaboration. We need a chunk of investment in the beginning to start the process" - Sidhant Gupta, director of Indian dairy group Kwality, says the company is seeking an investment of US$80m to grow its milk procurement network in northern India.
"We want a pay rise for members and we want the employer to withdraw the proposed shift patterns. Some people have childcare and transport issues and it is difficult for most people" - Unite regional officer Tony Lewis explains why staff at 2 Sisters Food Group's site in Corby have voted to strike - again.
Over the forecast period, Fage aims to focus on strengthening its positioning in its best-performing categories, namely, hard cheese and yoghurt. Over the past years, Fage de-listed numerous products ...
Dairy in Greece industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2008-12, and forecast to 2017). The profile a...
The report provides a review of the latest news and key events in the global dairy food market during December 2013. Summary Using this report, marketers will effectively gain an insight into the lat...
Synopsis Using this report, marketers will effectively gain an insight into the latest happenings in the global dairy food market throughout the month. The monthly report provides the reader with the...
- On the money: Unilever shifting into growth spots
- On the money: Danone denies strategy overhaul
- The just-food interview: Premier Foods CEO Darby
- Why whole sector should take heed of meat scrutiny
- On the money: Hershey confident in NPD pipeline
- Kellogg to close US snack plant
- Chobani bid for fresh UK appeal rejected
- 2 Sisters "passes" FSA poultry plant audits
- FrieslandCampina to form "dairy zones" in Vietnam
- Tyson sells Mexico, Brazil ops to JBS