Top stories on just-food this week
It was a tale of two retailers last week, two companies separated by the English Channel. Ailing French giant Carrefour posted weak 2008 figures and laid out plans to bounce back in 2009. Meanwhile, in the UK, Morrisons, buoyed by a robust 2008, outlined its blueprint for expansion.
All was not rosy in the UK garden, however, with upmarket retailer Waitrose reporting falling profits and Uniq, the sandwich-to-desserts maker, making a fresh attempt to revitalise its business - with the possibility of its European operations mooted. These were the top stories on just-food this week.
FRANCE: Carrefour looks to boost sales, margins
French retail giant Carrefour plans to cut operating costs and increase price promotions in a bid to boost earnings and kick-start sales after posting flat annual profits.
UPDATE: UK: Morrisons CEO outlines expansion plans
Morrisons CEO Marc Bolland said this afternoon (12 March) that the UK's fourth-largest retailer would continue to expand and had identified over 100 sites for new stores.
UK: Waitrose profit dip hurts John Lewis results
UK retailer Waitrose posted a fall in full-year operating profit today (11 March), weighing on the results of owner John Lewis.
UK: Uniq's European future in doubt as losses widen
Uniq, the struggling UK-based food group, has appointed advisers to consider the future of its businesses in France and northern Europe after posting deeper annual losses today (11 March).
SWITZ/US: Hershey buys Callebaut Asian chocolate unit
Hershey has acquired Van Houten Singapore, the Asian consumer business of Swiss chocolate maker Barry Callebaut.
US: PepsiCo rebrands Quaker
PepsiCo will rebrand its breakfast and snack subsidiary Quaker Oats Co. in order to reposition the business and highlight the health benefits of eating its key ingredient - wholegrain oats.
UK: Innocent casts net for bidders
UK food and beverage group Innocent has said it is scouting for potential bidders for a minority stake in its company.
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Kraft and Cadbury may have dominated the headlines but, elsewhere, the boss of US meat giant Smithfield Foods bemoaned the drop in hog prices, Fonterra's chairman admitted a public listing was unlikel...
Morrisons, the UK's fourth-largest grocer, today (10 September) claimed some early signs of success from the first batch of remodelled Co-operative Group and Somerfield stores....
UK cake maker Finsbury Food Group has developed 'mini' versions of Nestlé's Toffee Crisp and Munchies for the UK market....
Unsurprisingly, Kraft Foods' so far unsuccessful bid for Cadbury dominated this week's top stories on just-food....
Morrisons chief executive Marc Bolland this morning (10 September) hailed an "excellent" first half of the year after the retailer posted strong sales and earnings growth....
The second-largest French banking group Natixis has acquired more than 75% of shares in Russian retail group Seventh Continent, once again swirling rumours about a potential sale to Carrefour....
Carrefour, the world's second-largest food retailer, said it was unhappy with the results in its French market today (28 August) but said it will not change its goals or its strategy....
Carrefour, the world's second-largest food retailer, today (28 August) stuck to its forecast of an up to 18% fall in annual profits after seeing half-year earnings slump....
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