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Tesco CEO Philip Clarke blamed online retailing as one of the reasons for TescoQuote, unquote: just-food's week in words

17 April 2014

Tesco's full-year results proved disappointing, as expected, and CEO Bill Stritz has said online retailing has played a huge part. Elsewhere first quarter results were out and Co-op saw heavy losses. It has now decided to get rid of some of the Somerfield stores and focus on its convenience offering. There were developments on the Michael Foods acquisition with Post Holdings announcing it had taken over the firm in a US$2.45bn deal. Other acquisitions this week included Daelman's purchase of UK firm Fabulous Bakin' Boys and PE firm Abraaj's acquisition of North African confectioner Kool Foods.

Editor's choice: the highlights on just-food this week

17 April 2014

Tesco was in the spotlight this week after the publication of its annual results confirmed what a challenging year the UK's largest retailer endured. Another UK grocer under scrutiny is The Co-operative Group, which reported banking-induced losses, but revealed it is re-sizing its food retail estate to give it more focus. Elsewhere, China's WH Group, of which Smithfield Foods is now a part, announced plans to list in Hong Kong and US group Post Holdings made another M&A move, with a deal to buy egg-to-dairy supplier Michael Foods.

UK: Burton's invests in supply chain to drive growth

16 April 2014

UK biscuit manufacturer Burton's Biscuit Company has announced a GBP14.75m (US$24.76m) investment in its manufacturing operation to "support business growth".

SWITZERLAND: Nestle sees FX offset organic growth

15 April 2014

Nestle has booked a drop in first-quarter reported sales as the top line was dented by currency headwinds that more than offset organic growth due to the strength of the Swiss franc.

IRELAND: 150 jobs at risk as Kerry Foods looks to cut costs

15 April 2014

Kerry Foods has announced 150 jobs are at risk at its Poole manufacturing plant as the firm looks to streamline.

NETHERLANDS: Daelmans acquires Fabulous Bakin' Boys

14 April 2014

Dutch bakery group Daelmans has announced the acquisition of UK cake maker Fabulous Bakin' Boys.

Editor's choice: the highlights on just-food last week

14 April 2014

Olive oil giant Deoleo this week announced its board had backed a takeover bid from private-equity giant CVC Capital Partners. Elsewhere, Mondelez International announced plans for another plant in Russia and the political party that looks set to be the major party in India's next government said it would ban foreign supermarkets entering the country's retail sector.

US: Bain Capital affiliate Sankaty buys kosher food firm Manischewitz

11 April 2014

Sankaty Advisors, an affiliate of US private-equity group Bain Capital, has taken over local kosher food group The Manischewitz Co.

just-food's research round-up: bakery in Australia, snacks in the UK, dairy in China

11 April 2014

This week's featured research from the just-food store includes reports looking at the fiercely-competitive bakery sector in Australia, the growing market for savoury snacks in the UK and China's booming dairy industry.

UK: Genius secures "significant investment" from PE firm Verlinvest

9 April 2014

UK gluten-free firm Genius Foods has confirmed a "significant investment of millions" from private-equity firm Verlinvest.

GERMANY: Oetker "satisfied" with 2013, sees opportunities abroad

8 April 2014

German food giant Dr Oetker has said it had a "satisfactory" 2013 amid a "subdued" trading environment but said it sees opportunities for growth, notably in overseas markets.

UK: 2 Sisters confirms Avana Bakeries plant closure

8 April 2014

2 Sisters Food Group has confirmed its Avana Bakeries plant in Newport will close after consultation with staff failed to find ways of keeping the site open.

SAUDI: Broad-based sales growth boosts Almarai profits

8 April 2014

Saudi food group Almarai has reported higher first-quarter profits on the back of rising sales "in all business segments" and a gain from a recent infant formula acquisition.

Quote, unquote: Westminster Food & Nutrition Forum on food security

7 April 2014

Representatives of industry, academia, NGOs and politics met in London last week to discuss the issue of food security and the challenges that lay ahead. Climate change, over-consumption and the use of technology in agriculture were just some of the topics discussed. just-food brings a flavour of the event.

Editor's choice: the highlights on just-food last week

7 April 2014

Unilever's business in South Africa was in the spotlight this week after it emerged its offices were raided as part of a probe into collusion. Elsewhere, there were two notable M&A deals in dairy, with Arla Foods looking to merge with Belgium-based EGM Walhorn and Lactalis's Parmalat bolstering its business in Australia with the acquisition of Harvey Fresh.

Quote, unquote: just-food's week in words

7 April 2014

This week, Tesco CFO Laurie McIlwee ended weeks of speculation over his future after handing in his resignation. Elsewhere, Kellogg was one of the three manufacturers linked to the rumoured sale of Dorset Cereals and Arla announced a proposed merger with EGM Walhorn.

In the spotlight: Brussels organic plans cause concern

4 April 2014

Food retailers across the EU are facing additional administration to sell organic food products, because of reforms proposed last week by the European Commission, writes Keith Nuthall.

UK: United Biscuits seeks to make Jacob's "relevant"

2 April 2014

United Biscuits is unifying its portfolio of savoury crackers under the Jacob's "master brand" and launching a fresh drive to increase relevance and deliver incremental category growth.

BRICs and beyond: Logistics remains key challenge to Indian expansion

1 April 2014

Getting products on shelves is a significant challenge for food manufacturers and retailers in India, where an under-developed supply chain hampers such efforts. International food groups and logistics companies are working to overcome the lack of infrastructure and, for companies who can offer solutions, a significant commercial opportunity exists. Raghavendra Verma reports.

US: Bimbo announces US plant closure, 178 jobs axed

31 March 2014

Mexican bakery group Grupo Bimbo has announced it will cease production at its bakery in New York state.

AUS: Patties Foods appoints Chaur CEO

31 March 2014

Australian frozen food firm Patties Foods has appointed Steven Chaur as managing director and CEO.

Quote, unquote: just-food's week in words

31 March 2014

This week Cerebos Greggs announced the closure of its East Tamaki plant putting 125 jobs at risk. Job cuts were announced at Asda too as the company plans a restructure to cut costs. Ads and marketing campaigns were the centre of attention this week with Aldi getting its wrists slapped over the Swap and Save campaign and Sainsbury winning an appeal for a judicial review of Tesco's price promise. Here is the week in quotes

just-food's research round-up: 14 trends to watch in 2014

28 March 2014

In this week's just-food research round-up, we feature Euromonitor's report that has identified the 14 trends to watch in the industry in 2014.

UPDATE: CANADA: More job cuts expected at Maple Leaf

27 March 2014

More job cuts are likely to result from Maple Leaf Foods' move to realign its organisational structure after the group sold off its bakery unit earlier this year.

S AFRICA: Tiger Brands Kenyan deal falls through

27 March 2014

South African food group Tiger Brands said its planned acquisition of Kenyan firms Rafiki Millers and Magic Oven Bakeries have foundered amid disagreement over the final terms of the deals.

EU: Brussels eyes fresh organic food regulations

26 March 2014

The European Commission has set out plans for new regulations governing the organic food sector.

Shopper trends: Too early to call end to consumer recession

26 March 2014

European politicians may be proclaiming the end of the consumer recession, but when it comes to food sales, retailers and manufacturers are continuing to find business tough, writes IRI's Richard Moule.

Focus: M&A remains core for acquisitive Flowers

25 March 2014

Flowers Foods, the second-largest bakery group in the US, has been an active consolidator in the industry and the group remains on the hunt. Flowers plans to drive continued growth while also expanding its geographic footprint, with a significant proportion of revenue gains to come from M&A. Katy Askew reports.

UK: Food, soft drink exports rise amid EU market recovery

24 March 2014

UK exports of food and soft drinks rose 5% in 2013 as sales in the EU bounced back amid signs of economic recovery in the region.

UK: Finsbury profit surges but sales under pressure

24 March 2014

Finsbury Food Group has booked an increase in first-half profits, which were boosted by the disposal of the group's free-from business and subsequent restructuring efforts.







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