Quote, unquote: just-food's week in words
Tesco CFO Laurie McIlwee ended weeks of speculation after he announced his resignation
This week, Tesco CFO Laurie McIlwee ended weeks of speculation over his future after handing in his resignation. Elsewhere, Kellogg was one of the three manufacturers linked to the rumoured sale of Dorset Cereals and Arla announced a proposed merger with EGM Walhorn.
"I wish Philip and the team well and I am absolutely confident that Tesco will emerge from the current period of unprecedented change in the industry stronger than ever," -Tesco CFO Laurie McIlwee announces his resignation after widespread speculation.
"As part of our strategy, we are always looking for strategic acquisitions or joint ventures that can strengthen our business" - Kellogg refused to be drawn on speculation it is eyeing UK business Dorset Cereals.
"Our colour purple has been linked with Cadbury for a century and the British public has grown up understanding its link with our chocolate" - Mondelez loses its battle with Nestle over trademarking the shade of purple associated with its Cadbury brand.
"Woolworths' decision will impact volumes at Lion's milk processing plants in Chelsea in Victoria and Bentley in Western Australia. We will work through the detailed implications of this with our teams over the coming weeks" - Australian dairy group Lion mulls the impact of the loss of contracts to supply milk to Woolworths, the country's largest retailer.
"The future of food retailing is a combination of medium shops, big shops, online services and small shops" - Sainsbury's space and formats director Kevin Barrett says the UK retailer envisions a portfolio of different types of stores to serve customers.
"There's a real demand for British honey - British products in general. I think it's to do with the royal wedding and the Olympics" - Hilltop Honey founder Scott Davies says globally British products are more sought after.
"Trading conditions in Australia and New Zealand have deteriorated and manufacturing and supply chain cost savings under Project Renaissance have been delayed. This has required the company to revise its earnings expectations for the fourth quarter" - Australian food group Goodman Fielder lowers its profit guidance for its 2014 financial year.
"EGM Walhorn would provide us with an opportunity to grow our milk pool across Europe and the merger would be an important step towards achieving our strategic ambitions, which are focused on growth" - Åke Hantoft, chairman of dairy giant Arla Foods on its planned merger with Belgium-based EGM Walhorn.
"What we really require [to stimulate category growth] is an explosive message, a big fan fair arrival.... They are well-placed in a sense that they have the brand awareness, the marketing budget" - Mintel's Alex Beckett shares his thoughts on Ben & Jerry's foray into the Greek 'fro-yo' market.
"We believe that B&G Foods will be able to enhance the growth prospects of these brands" - David Wenner, president and CEO of B&G Foods, says the US food group will be able to drive growth from brands it plans to acquire through its purchase of margarine-to-soup manufacturer Specialty Brands of America from private-equity firm American Capital.
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