Top stories on just-food this week
Kraft Foods' patient pursuit of Cadbury this week paid off as the US food giant secured the backing of the UK confectioner's board after tabling a higher takeover offer. The proposed acquisition of Cadbury has been met with raised eyebrows on both sides of the pond, but the deal will make Kraft the world's largest confectioner. Meanwhile, in the US, Hormel Foods snapped up the Country Crock side dish business from Unilever and, in the UK, egg giant Noble Foods has added to its dessert business with a majority stake in Gu. And, elsewhere, Tesco and Carrefour hinted at further expansion in India. These are the most popular stories in just-food this week.
UK: Cadbury to be taken over by Kraft Foods
Cadbury looks set to be taken over by Kraft Foods after the UK confectioner's board approved an increased offer from the US food giant this morning (19 January).
INDIA: Tesco plans first cash-and-carry this year
Tesco has confirmed that it plans to open its first wholesale cash-and-carry outlet in India this year.
US: Hormel to acquire Unilever side dish business
US food group Hormel Foods has entered into an agreement to acquire the Country Crock chilled side dish line from Unilever.
UK: Noble secures majority stake in Gu
Noble Foods, the UK's largest egg producer, has struck a long-awaited deal to buy a majority stake in upmarket puddings maker Gü.
UK: Online grocery shopping to double in five years
Online grocery sales in the UK are expected to double by 2014, according to research by industry analysts IGD.
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In something of a surprise move, Tesco this week announced plans to open more stores in Ireland, one of the European economies most affected by the downturn....
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This week M&S had its AGM, whose shareholder questions are always a source of humour. However leaving questions over Sir Stuart Rose's Russian spy heritage and problems about its socks falling apart "...
The plot thickens. Just days after speculation emerged that Carrefour planned to sell up and leave Thailand, Singapore and Malaysia, the world's second-largest retailer today (9 July) insisted it woul...
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