Blog: Faster than the speed of light
Catherine Sleep | 22 July 2004
Sometimes the news moves faster than feels comfortable. Last week just-food news editor Kate Barker wrote a feature about the Chinese retail sector. For years it’s been touted as the next big destination for western retailers seeking to expand beyond their saturated home markets. The world’s two largest retailers, Carrefour of France and Wal-Mart of the USA, had cautiously dipped a toe in this notoriously tough market, but their smaller competitors seemed loath to follow.
And yet… just as we were putting the final touches to her feature, what do you know? Out of the blue Tesco announced it had agreed a £140 million 50/50 joint venture agreement with Chinese food and beverage producer Ting Hsin, whose subsidiary Ting Cao owns the Hymall chain of stores in China. I assured Kate this was good news rather than bad, as it made her article even more timely than before… but it did of course need rewriting!
Anyway, members can enjoy the fruits of her labour in the current Feature of the Week, while an open-access feature brings you a profile of the Philippines food sector. A word of warning: don’t read that one when you’re hungry as Bruce Hoggard describes the local cuisine in tantalising detail as well the mechanics of the food industry.
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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