Blog: All eyes on Aldi in the UK
Dean Best | 28 May 2008
Food is seen as a safe-haven for investors in times of recession as, obviously, we all need to eat.
The latest sales figures on UK retailing, issued today (28 May), support that maxim, which is, perhaps, to be expected.
Interestingly, though, German discounter Aldi has gained the most from weaker consumer spending and anxiety over the economy.
According to TNS Worldpanel, Aldi saw sales jump 19% during the 12 weeks to 18 May and the company now accounts for 2.8% of UK grocery sales – up from 2.5% a year ago.
The figures also support claims made by Aldi UK chief Paul Foley that the company represents an “obvious choice” for cash-strapped UK shoppers.
And among the big four, it is Asda and Morrisons that are gaining ground on Tesco and Sainsbury’s.
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
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