Top stories on just-food this week
This week, we have also seen UK retailer M&S play down reports of tension with its suppliers, Unilever announced the takeover of Russia's largest ice cream firm, and Japan Tobacco and Nissin Food scrap plans to merge amid claims of food poisoning. It was a good week, however, for PepsiCo as successful snacks sales drove up profits. Here are the top five stories on the site this week.
RUSSIA: Unilever to buy ice cream firm Inmarko
Unilever is to buy Russia's largest ice cream business Inmarko, the company announced this morning (4 February), in the latest bid to shake up its presence in the category. In recent months, the Anglo-Dutch conglomerate has revamped its ice cream business in North America and announced cuts to its business in France.
JAPAN: Dumpling scare ends frozen food deal
Japan Tobacco and Nissin Food Products Co. have ripped up plans to merge their frozen food businesses amid claims that ten Japanese have fallen ill after eating poisoned Chinese dumplings sold by the cigarette maker. Japanese police are investigating allegations of a link between the dumplings, imported from China by Japan Tobacco, and the illnesses, including that of a five-year-old who is said to have become critically ill after eating the products.
UK: M&S plays down supplier tension
Marks & Spencer has moved to play down reports in the UK that the retailer is demanding bigger price discounts from its suppliers. A report in the Daily Mail said today (5 February) that the retail giant, which is battling falling sales, has "enraged" food suppliers with its demands.
US: Global snacks sales cheer PepsiCo
International snack sales was the key driver for rising annual profits at US-based food and beverage giant PepsiCo. The cola-to-crisps maker booked a 10% rise in underlying annual profits for 2007 after seeing its revenues climb 12%.
Local retailers ready for multinational push
Emerging markets offer massive development potential for international retailers but recently published research from Deloitte Touche Tohmatsu underlines that major local operators are also well placed to capitalise. And, Ben Cooper writes, being local carries some significant advantages.
Sectors: Baby food, Bakery, Chilled foods, Commodities & ingredients, Confectionery, Dairy, Emerging markets, Food safety, Fresh produce, Health & wellness, Ice cream, Meat & poultry, Natural & organic, NPD & innovation, Retailers, Seafood, Snacks
Business thrives in certainty but it was stories of uncertainty that grabbed the headlines this week. The collapse of the WTO Doha talks has left the chances of a new global food trade deal up in the ...
The US spice-maker McCormick & Co. has completed the purchase of Lawry's from Unilever for US$604m in cash....
Shares in Unilever tumbled by more than 7% this morning (31 July) despite the company maintaining its full-year guidance, as a strong euro and restructuring charges hit profits....
German retail giant Metro Group recorded a "successful" half-year as it closed the period with a 10.2% rise in EBIT before special items....
Natural cereal company Jordans is relaunching its muesli range with the addition of a new variant....
Fresh & Easy Neighbourhood Market, the US arm of Tesco, today (31 July) opened its landmark 20th store in the Phoenix area....
The UK government has warned that it could push through legislation that would force retailers to charge for plastic bags....
European convenience food group Uniq has announced it is to shut down its Riviera Desserts operation with the loss of 350 jobs....
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- Fonterra cuts earnings forecast