Editor's choice: the highlights on just-food this week
M&A grabbed the spotlight again this week, with Grupo Bimbo acquiring Sara Lee's bakery business in the US and Emmi buying the Onken yoghurt brand from Dr Oetker. Elsewhere, questions were raised about Dean Foods' ability to hold onto all of its divisions after a challenging year. In retail, meanwhile, major UK grocers Marks and Spencer and Sainsbury's revealed renewed international ambitions.
UPDATE: MEXICO: Grupo Bimbo hails "milestone" Sara Lee deal
The chief executive of Grupo Bimbo said today (9 November) that the company's acquisition of Sara Lee's fresh bakery business in North America represented a "milestone" for the Mexican food giant.
Comment: Emmi's shrewd move for Onken yoghurt
In April, speaking to just-food after Emmi announced plans to buy Swiss cheese maker Fromalp, the dairy giant's CFO Reto Conrad hinted that the company would make more acquisitions in Europe this year.
On the money: Dean Foods faces questions on possible disposals
Dean Foods, the US dairy giant, has faced questions on whether it will sell off parts of its business to improve the business after a challenging year.
US: Campbell Soup Co. issues profit warning
US food group Campbell Soup Co. today (10 November) cut its full-year profit targets after a weak first quarter when its promotions did not pay off.
On the money: Commodity pressure "a mixed bag" for ABF
Spiralling commodity costs is proving a "mixed bag" for Associated British Foods, the UK's group's CFO has told just-food, with parts of the business benefiting from higher prices and other divisions facing pressure.
On the money: M&S's Bolland goes beyond "evolution not revolution"
Marks and Spencer chief executive Marc Bolland today (9 November) stepped beyond his mantra of "evolution not revolution" to reveal a series of significant changes for the UK retailer.
On the money: Sainsbury's looks to emerging markets
Sainsbury's is to investigate entering India as it looks to emerging markets to expand beyond the UK.
FRANCE: Danone silent on water sale talks
Danone has remained tight-lipped on a report that it has entered talks to sell its water business, but analysts believe a deal could make sense for the group.
Brics and beyond: East benefits from the global economy's shifting sands
Of all the media coverage of this economic crisis, one line has stuck in my mind more than any other, and it perfectly sums up the shifting global economic axis. "This isn't a global recession, it's a Western recession."
Sectors: Baby food, Bakery, Canned food, Cereal, Chilled foods, Commodities & ingredients, Condiments, dressings & sauces, Confectionery, Dairy, Dried foods, Emerging markets, Financials, Fresh produce, Frozen, Meat & poultry, Mergers & acquisitions, Natural & organic, Private label, Retail, Seafood, Snacks, World foods
Kraft Foods' recent move to launch its Oreo biscuit brand into India has drawn attention to what is a growing sector in the country. India's biscuit market is attracting growing multinational interest...
This week has been marked by some high profile acquisition plays with ConAgra Foods making its desire to acquire Ralcorp Holdings known and DuPont making its final offer for Danisco. Meanwhile, the UK...
Sara Lee, the US food maker looking to split into two separate companies, said today (5 May) it was looking to buy "premium" meats firm Aidells Sausage Co. - but admitted it was mulling its options ...
Sara Lee today (5 May) cut its annual profit target as the US food maker admitted sales volumes could be hit by price increases and said its international bakery unit was being affected by "intense" c...
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