Editor's choice: the highlights on just-food this week
The week ended with, in many ways, its most notable story with the results of an investigation into Nestle's cocoa supply confirming the use of child labour on some farms in Africa. The last five days also saw Hershey outline its ambitions for growth overseas, the listing of Sara Lee's meat arm Hillshire Brands in the US and General Mills reveal more details of its restructuring plans. just-food also interviewed executives from Irish food group Greencore and UK meat processor Cranswick and looked at the growth of Nigeria as a destination for investment by FMCG companies.
SWITZ: Probe reveals child labour in Nestle supply chain
An investigation into Nestle's cocoa supply chain has revealed "numerous violations" of its labour code, notably with regard to child labour.
In the spotlight: Hershey's international ambition
Hershey this week outlined what some saw as its clearest vision for international markets. The US confectioner still generates the bulk of its sales and profits overseas but wants to expand abroad. Can it succeed? Dean Best reports.
Deal or no deal: Hillshire Brands lists... and is in play
Shares in Hillshire Brands, former part of Sara Lee, rose today (29 June) as the pure-play US meat company listed on the New York Stock Exchange. Michelle Russell takes a look at what lies ahead for the firm as analysts suggest it may become a takeover target.
The just-food interview - Cranswick CEO-designate Adam Couch
UK meat processor Cranswick increased revenues and profits over the past year, despite economic headwinds that have blown others in the food industry off course. Unveiling a "record" second-half last month, chief executive Bernard Hoggarth announced plans to go out on a high. In this month's just-food interview, Katy Askew catches up with incoming CEO Adam Couch to discuss his priorities for Cranswick and his plans to drive further growth.
just the answer - Greencore CFO Alan Williams
Ireland-based food group Greencore announced yesterday (27 June) it has struck a deal to acquire US sandwich-to-sushi manufacturer HC Schau & Son. In this month's just the answer, Greencore CFO Alan Williams tells Katy Askew that while the deal is "relatively small" for the company it remains an important step in the group's long-term growth plans for the US.
On the money: General Mills reveals detail on revamp
General Mills revealed today (27 June) it will split its US retail business into three divisions and create a regional structure for its international operations as part of plans to cut costs and improve efficiency.
BRICs and beyond: Olam highlights Nigeria's potential
Olam International's acquisition of Nigerian dairy group Kayass highlights the growing investment in the country. The move contributes to Olam's increasing presence in the Nigerian packaged food industry and the agribusiness giant intends to expand its food production base in the country further. Katy Askew reports.
Talking tech: Pouches - the lighter, more convenient food packaging?
First developed as a method of storing provisions by the US military, pouches are becoming a common feature across the global food industry. Products such as retort pouches - heat-resistant bags usually made from laminated plastic films and then heat-sealed and sterilised by pressure cooking - have encroached upon the territory of more traditional packaging such as metal cans during the last decade. Jonathan Thomas reports.
On the move: Pennycook exit turns spotlight on Morrisons strategy
The announcement from Morrisons that CFO Richard Pennycook plans to leave the company will come as a blow for the UK retailer. Morrisons is trading behind the market and Pennycook's exit serves to focus attention on the strategic problems that management is currently grappling with. Katy Askew reports.
UPDATE: UK: Permira to consider "options" for Iglo
Private-equity firm Permira is to look at "other options" for frozen food company Iglo Group, including refinancing debt, after rejecting a bid for the firm this week.
Sectors: Baby food, Bakery, Canned food, Cereal, Chilled foods, Commodities & ingredients, Confectionery, Dairy, Emerging markets, Financials, Frozen, Ice cream, Meat & poultry, Natural & organic, Private label, Retail, Snacks, Sustainability & the environment
Dutch food group Vion, which plans to quit the UK, is close to a deal with management over its UK pork business....
- M&A Watch: Raisio should sell to private equity
- Infographic: Snapshot of Japan's food sector
- Analysis: Market bets on higher Chiquita offer
- Briefing: Expansion agenda of Japan's food majors
- On the money: Solid Lindt outpaces chocolate peers
- Kerry cools claim spreads move could hit jobs
- Pork Farms buys Kerry Group's pastry plants
- Profits up at chocolate group Lindt
- Japan's Sanyo takes stake in Olam's food biz
- Arla confirms extent of job cuts after Russia ban