Kellogg will start New Year with new CEO

Kellogg will start New Year with new CEO

It's all change at the top for Kellogg with the cereal giant set to start the New Year with a new CEO. In the UK, the country's largest food maker, Premier Foods plc, has made a series of management changes it hopes will drive sales and assuage investor pressure. And, following PepsiCo's move for Wimm-Bill-Dann, the M&A spotlight remained on Russia with X5 Retail Group's US$1.6bn acquisition of discount chain Kopeyka.

Kellogg prepares for 2011 with new CEO
2010 has been something approaching an annus horribilis for cereal giant Kellogg and, following David Mackay's surprise announcement this week that he is to retire as CEO, now the Frosties and Special K maker is set to be under new leadership in 2011.

Comment: Only disposals will truly allay fears over Premier's future
There is something of a management merry-go-round at Premier Foods plc, the UK's largest food group, but will the changes be enough to please investors?

Russia's largest retailer X5 buys local rival
After PepsiCo's move for Wimm-Bill-Dann, X5 Retail Group, Russia's biggest retail by sales, has kept the M&A spotlight on the country with its US$1.6bn bid for discount chain Kopeyka. What does it mean for Russia's retail sector?

UPDATE: UK: Analysts focus on Tesco's international potential
Analysts have broadly welcomed Tesco's latest trading update and pointed to the strong performance from the UK retailer's international operations. 

UPDATE: UK: Heinz defends pay offer as staff plan strike

Heinz today (7 December) admitted it was "disappointed" that staff at the company's flagship UK site have voted to strike over pay - and insisted the group's offer was one of the best in the sector.

FRANCE: Watchdog looks to boost retail competition

The French government has warned the country's major grocery retailers to abolish contracts that make it difficult for franchisees to switch chains and that prevent rivals from setting up on former sites.

US: Hershey to launch international push
Hershey is to start selling more of its confectionery outside the US next year as part of a global push designed to wrestle sales away from larger rivals Kraft Foods and Mars Inc.

Talking shop: US promotional landscape to continue in 2011
Few markets are more competitive than the US, where low consumer confidence and retailer efforts to grab market share have driven prices down. With commodity costs rising, how long can this promotional environment be maintained? 

SAUDI: Mead Johnson, Almarai JV launches first products
The Middle East baby-food venture between US group Mead Johnson and Saudi Arabian dairy group Almarai is set to launch its first products.

IRELAND: Danone unveils EUR50m baby-food expansion 
French food giant Danone is to spend EUR50m (US$66.4m) expanding its baby-food business in Ireland.