Blog: Upbeat tones at IFE
Dean Best | 17 March 2009
It's day three of the IFE trade exhibition in London's Docklands – and each day has appeared progressively busier for visitors and exhibitors.
Today (17 March), Peter Marks, the chief executive of UK retailer The Co-operative Group, gave the VIP address at the show – and promptly insisted a supermarket ombudsman will not protect suppliers from retailers.
Marks, who also claimed the Co-op, would deliver a “significant increase” in profits as it navigates the downturn in the UK said the company's recent acquisition of fellow UK retailer Somerfield had proved “the icing on the cake”.
Throughout the three days, similarly optimistic tones have come from Fairtrade chocolate maker Divine Chocolate, while Brazilian meat giant Sadia is lining up an ambitious move to launch branded products into a competitive UK retail poultry sector.
It's been a hectic three days so far and there are signs that, despite the downturn, parts of the food industry remain defiant and positively bullish about their prospects.
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....
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