Blog: PepsiCo going green ... and Wal-Mart (still) going strong
Dean Best | 16 April 2009
It's Earth Day next Tuesday (22 April), a day when we, apparently, celebrate the planet's environment.
Instinctively, one would think green issues would fall down the agenda in a recession - especially among cash-strapped consumers and cost-conscious manufacturers.
Not a bit of it. Some, like PepsiCo, are keen to be seen to be green (as it were), with news today (16 April) of plans to make a 100% compostable bag for its SunChips brand in the US.
In Finland, meanwhile, Raisio, the firm behind the Benecol brand, has slapped a label on one of its cereal brands highlighting how much water was used in the making of the product.
"People want to know the environmental impact of food and want to make environmentally sustainable choices. People need information," Raisio told us today.
There has been an element of confusion around Wal-Mart's business in China. Word was the US retailer was looking to slash up to 1,400 jobs from its business in China. Not so, the retail titan informed us from Beijing.
"This is about eliminating positions, not jobs," a Wal-Mart representative in China insisted. The retailer, we're told, wants to further expand in China this year and move deeper into the country's second-tier and third-tier cities.
But will deflation in China weigh on retailers' sales? Will that douse those expansionist flames?
(Don't forget, we're on Twitter. You can find us by looking for just_food. We have to swap our trusty hyphen for an underscore when Tweeting.)
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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