Blog: Nestle gives rivals plenty to chew over
Dean Best | 12 August 2010
One analyst spoke of Nestle's "unstoppable momentum" after the world's largest food maker published its first-half results yesterday (11 August).
And the Swiss food giant's numbers were robust, particularly the growth from its core food and beverage business in Europe, where trading for all companies remains tough.
However, perhaps the most telling part of Nestle's results announcement was the defence of its emerging market operations from CFO Jim Singh.
The Nestle finance chief pulled no punches in his attempt to see off criticism that the company is under-exposed to emerging markets.
Others may have a greater proportion of their sales in emerging markets but Singh argued that it was a company's scale in the developing world that counts. And Nestle's scale, he insisted, was "unmatched".
Singh's comments on Nestle's presence in emerging markets was a timely reminder of how far the company has come in the developing world - and a timely warning about the future to its competitors.
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....
- Danone's Q1: four things to learn
- Who will buy Danone's Stonyfield business?
- Nestle Q1 update: four things to learn
- Column: Why snacking is the new meal
- Interview: Sir Kensington's on sale to Unilever
- Tyson shops Sara Lee bakery, Kettle and Van's
- Nestle to cut UK confectionery jobs
- PepsiCo affirms full-year target as Q1 hits mark
- Tyson to buy burger-to-entree firm AdvancePierre
- Icelandic to sell Saucy Fish Co. owner Seachill