Food industry news of the week: Unilever on spreads, PepsiCo and Danone in Russia
Some very interesting news came out of Unilever's investor day in London yesterday (4 December). The FMCG giant plans to separate its struggling spreads business into a standalone unit, prompting further speculation that the group could be gearing up for a sale of its spread brands including Flora. Unilever's acquisition earlier in the week of a US gelato maker underlined that the company is, however, willing to invest in growth areas of its food portfolio. Meanwhile, on the emerging market front, the local dairy arms of PepsiCo and Danone faced criticism from Moscow. Elsewhere, a move from Britania Industries made some commentators question how food makers can capitalise on the rapidly developing e-commerce opportunity in India - if they can at all. Here are the highlights from just-food.
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