Editor's choice: the highlights on just-food last week
Tesco said it had done "all it could" for US chain Fresh & Easy
The week's two major stories broke within hours of each other on Wednesday - Tesco admitted it was "likely" to leave the US and Germany's Intersnack snapped up United Biscuits' salty snacks business. Elsewhere, ex-Tesco CEO Terry Leahy led a private-equity buy-out of UK discounter B&M Retail and Canada's Saputo agreed to buy Dean Foods' Morningstar arm. Meanwhile, Singapore agribusiness giant Olam International found its finances under scrutiny and we interviewed the head of Nestle's operations in equatorial Africa.
Tesco set for likely US exit
Five years after entering the US and yet to make a profit, Tesco has signalled it is likely to quit the market. just-food's coverage included comment from Tesco CEO Philip Clarke and analysis of the decision.
Germany's Intersnack takes bigger bite of UK market
In another German raid on the UK food industry, the Pom-Bear owner has agreed a deal to buy United Biscuits' salty snacks business, including Hula Hoops, McCoy's and Skips. just-food interviewed Intersnack international marketing director Bernd ter Glane.
SINGAPORE: Olam under fire after bond issue
Olam International has once again come under fire from advisory group Muddy Waters after the commodity company obtained a combined bond and warrant issue to the value of US$750m.
The just-food interview: Ian Donald, Nestle CEO of equatorial Africa
The importance of expanding in emerging markets is a constant message from Nestle, a company that has one of the industry's largest footprints in the developing world. While Nestle is expanding in high-growth markets like China, the world's largest food group is looking beyond the BRICs as it establishes a presence in every quarter of the globe. In this month's just-food interview, Katy Askew spoke to the chief executive of Nestle's operations in equatorial Africa, Ian Donald, to discover how the company is working to drive long-term growth in the region.
CANADA: Saputo snaps up Dean Foods' Morningstar unit
Canadian dairy firm Saputo has signed a deal to acquire the Morningstar business of Dean Foods.
Sectors: Baby food, Bakery, Canned food, Cereal, Chilled foods, Commodities & ingredients, Condiments, dressings & sauces, Confectionery, Dairy, Dried foods, Emerging markets, Financials, Frozen, Ice cream, Meat & poultry, Mergers & acquisitions, NPD & innovation, Private label, Retail, Snacks, World foods
Cereal manufacturers in the UK are facing a competitive market and flat sales volumes. While overall conditions have been somewhat sluggish, the breakfast category when taken as a whole has seen some ...
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