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Michael Foods latest deal from Post HoldingsUS: Acquisitive Post Holdings swoops for Michael Foods

17 April 2014

Acquisition-hungry US food group Post Holdings has today (17 April) announced its biggest takeover - an agreement to buy egg-to-dairy supplier Michael Foods for US$2.45bn.

Interview: Keys to brand's success on Twitter #engagement #relevance #realtime

17 April 2014

With over 200m regular users worldwide tweeting more than 500m times each day, the potential on offer for brands to reach consumers via microblogging site Twitter is self-evident. To succeed on Twitter, brands need to become a relevant, informative and amusing part of an evolving two-way conversation. Katy Askew spoke to Twitter UK sales director Dara Nasr about how food manufacturers and retailers can insert themselves into the dialogue.

Comment: General Mills could find it hard to brew growth with Keurig NPD

17 April 2014

Food manufacturers seem to be willing to take more risks on NPD, which is encouraging after seeing years of caution and focus on nostalgia or new packaging formats. However, for those operating in struggling categories, innovation may not solve the dilemma of how to reignite growth.

IRELAND: The Irish Dairy Board invests in butter production, R&D

17 April 2014

The Irish Dairy Board is to spend EUR30m on butter production and R&D at a site in its domestic market.

IRELAND: Profits up at The Irish Dairy Board

17 April 2014

Higher sales from consumer foods and from ingredients have helped annual profits increase at The Irish Dairy Board.

US: B&G lifts outlook on recent deal despite Q1 profit slip

17 April 2014

US ambient food manufacturer B&G Foods booked saw a drop in first-quarter earnings as higher costs offset sales gains in the period.

UK: Job boost for Kerry's Golden Cow unit

17 April 2014

Irish dairy firm Golden Cow, part of the Kerry Group, has announced it will create 23 jobs following a GBP2.5m (US$4.2m) expansion.

Quote, 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.

US: High commodity costs weigh on Michael Foods

17 April 2014

US egg-to-dairy supplier Michael Foods, which looks set to be taken over by Post Holdings, has indicated pressure from commodity prices has affected its first-quarter EBITDA.

just-food's research round-up: global confectionery, savoury snacks in Russia, dairy in Australia

17 April 2014

just-food's look at the key issues facing the global confectionery sector, the savoury snacks business in Russia and the dairy industry in Australia are among the reports featured in this week's round-up from our research store.

FRANCE: Danone Q1 volumes disappoint in dairy, infant nutrition

16 April 2014

Danone has seen its share price dip this morning (16 April) after reporting first-quarter organic sales that narrowly missed consensus expectations.

UPDATE: US: Chobani hits Latin America, eyes Caribbean

16 April 2014

US yoghurt producer Chobani said today (16 April) it had started exporting to the Central American state of Panama - and is eyeing markets in the Caribbean.

MEXICO: Nestle launches lactose-free milk product for kids

16 April 2014

Nestle Mexico has launched its first milk product for lactose-intolerant children.

AUSTRALIA: Chobani signs Singapore export contract

16 April 2014

Chobani has started operations in Singapore after sending across its first shipment since the launch of its A$30m plant in Dandenong in south Victoria.

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.

FRANCE: Unilever shake-up, 97 jobs set to go

14 April 2014

Unilever's French unit has announced restructuring that will see 97 jobs put at risk.

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.

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

14 April 2014

Food retailers eyeing India would have been surprised to hear the BJP political party, tipped to lead the country's next government, publish a tough stance on foreign investment in its retail sector. Nestle CEO Paul Bulcke hinted the food giant could be looking at further disposals and Wal-Mart said more affordable organic groceries would be available in the US after a tie-up with the recently-revived Wild Oats brand.

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.

JAPAN/MALAYSIA: Asahi to buy Etika dairy assets

10 April 2014

Japanese food and beverage giant Asahi has struck a deal to buy a range of dairy assets in south-east Asia from Singapore-listed Etika International Holdings.

AUS/CHINA: Freedom Foods strikes Bright Dairy production deal

10 April 2014

Australia's Freedom Foods Group has struck a deal to supply China's Bright Dairy with "value-added" milk products.

AUS: Coles notes shortcomings in milk-price claims

9 April 2014

Coles has admitted its part in a milk campaign criticised by the Australian competition watchdog customers but insisted the "key message" behind the push was "correct".

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.

SWITZ: Nestle chairman Brabeck-Letmathe to step down in 2017

7 April 2014

Nestle has confirmed chairman Peter Brabeck-Letmathe will step down from his position in 2017.

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.

Focus: Unilever could jump-start UK category with Ben & Jerry's Greek

4 April 2014

Unilever's Ben & Jerry's brand is launching a three-product strong line of Greek-style frozen yoghurt in the UK. The move is a category first and the group believes that it can stimulate incremental sales growth, bringing new consumers to both the brand and category. However, Greek yoghurt and frozen yoghurt sales in the UK have not performed as strongly as across the pond in the US. Is Ben & Jerry's the brand that will kick-start the category? Katy Askew reports.

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