Editor's choice: the highlights on just-food last week

By Dean Best | 28 November 2011

Indias plans could lead to wave of investment from likes of Carrefour and Wal-Mart

India's plans could lead to wave of investment from likes of Carrefour and Wal-Mart

Global retail dominated our headlines this week, not least with the news that India has decided to ease the rules on foreign investment in the sector. In Europe, Ahold outlined its new strategy, rival Dutch retailer Jumbo snapped up local player C1000 and analysts reflected on the new CEO at Metro Group. Elsewhere, the turmoil surrounding US snack maker Diamond Foods widened when it emerged that a director had been found dead.

INDIA: New FDI laws split Indian parliament
An executive decision by India's cabinet to ease laws on foreign direct investment (FDI) in the country's retail market was met with opposition from large sections of the parliament.

NETHERLANDS: Ahold must adapt to consumer habits - CEO Boer
Changes to the way consumers shop are behind the new strategy drawn up at Ahold, the Dutch retailer's chief executive Dick Boer has said.

GERMANY: Analysts support Metro CEO Koch but challenges remain
Analysts have welcomed the appointment of Metro Group CFO Olaf Koch as CEO but warned that he has challenges to face.

FRANCE: Carrefour refutes Olofsson replacement talk
Carrefour has denied that CEO Lars Olofsson is set to be replaced by Georges Plassat, the former head of the French retail giant's operations in Spain.

US: Diamond director found dead
Diamond Foods has seen shares drop after it emerged that a company director has died.

NETHERLANDS: Jumbo to buy rival Dutch retailer C1000
Dutch retailer Jumbo has today (24 November) announced it will buy rival C1000, creating the country's second-largest retailer after Ahold's Albert Heijn chain.

AUS: Goodman Fielder slows earnings slide, ponders disposals
Australian food giant Goodman Fielder has said it has slowed its earnings decline but admitted disposals will be necessary to stabilise the troubled company.

US: Campbell has "more hard work" after Q1 profits fall
Campbell Soup Co. chief executive Denise Morrison has said there is "hard work ahead" after the company posted a drop in first-quarter profits.

US: Hormel Q4 earnings drop but 2012 forecast cheers investors
Shares in Hormel Foods climbed today (22 November) after the US food maker's lower quarterly profits beat analyst expectations - and its forecast for 2012 earnings was above Wall Street targets.

UK: More price cuts as Tesco launches Christmas push
Tesco is to cut prices on 1,000 more products in the UK as it launches its push to attract customers this Christmas.

Sectors: Bakery, Canned food, Dairy, Emerging markets, Financials, Meat & poultry, Retail, Snacks

Companies: Ahold, Carrefour, Metro Group, Diamond Foods, Goodman Fielder, Campbell Soup Co., Tesco, Hormel Foods

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