Blog: Do you have global ambitions? Focus is key
Dean Best | 26 March 2008
Ask about a company’s international ambitions and often you get some tub-thumping about wide-ranging plans to move into potentially lucrative – but hugely challenging – markets like China and India.
Often, such pronouncements are made in an attempt to keep up with the Joneses, with little thought as to how to crack the world’s emerging markets.
Today (26 March), we’re carrying an interview with Singapore Food Industries (SFI), the group behind businesses including the UK’s Daniels Chilled Foods, the owner of the New Covent Food Co. brand.
The company has enjoyed success with most of international forays (present difficulties in Ireland and China notwithstanding) and has further ambitions overseas.
Interestingly, though, its international strategy remains simple and methodical. There is, for instance, no mention of India on SFI’s list of international targets – for the simple reason, chief operating officer Philip Lim says, that the company is not in the dairy business.
With meat SFI’s core competence, markets like China and Vietnam are key and, while those two markets will present enough of a challenge, the Singapore-based firm is going about its expansion the right way – simply and methodically.
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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