Blog: Dean BestUS readers: a flavour of what you missed over Thanksgiving

Dean Best | 28 November 2011

Welcome back to our US readers, who took a break at the end of last week for the Thanksgiving holiday. Of course, here in the UK, we were at the coalface, monitoring developments in the sector and below is a handy list to enable those in the US to catch up on the most important stories on Thursday and Friday.

INDIA: New FDI laws split Indian parliament
An executive decision by India's cabinet to ease laws on foreign direct investment (FDI) in the country's retail market was met with opposition from large sections of the parliament.

US: General Mills blasts canned soup health warning
General Mills has criticised research that claims that people who consume canned soup daily are more likely to ingest higher levels of bisphenol A (BPA), which is used in the lining of some cans.

FRANCE: Carrefour refutes Olofsson replacement talk
Carrefour has denied that CEO Lars Olofsson is set to be replaced by Georges Plassat, the former head of the French retail giant's operations in Spain.

NETHERLANDS: Jumbo to buy rival Dutch retailer C1000
Dutch retailer Jumbo has today (24 November) announced it will buy rival C1000, creating the country's second-largest retailer after Ahold's Albert Heijn chain.

FRANCE: M&S plans first Simply Food store "within 18 months"
Marks and Spencer plans to open its first Simply Food convenience outlet in Paris within 18 months, the UK retailer's chief executive said today (24 November) as the company marked its return to the French capital.

CHINA: Fonterra plans to double Chinese sales by 2020
Fonterra CEO Theo Spierings has said the dairy giant wants to double its sales in China by 2020.

EU: Sugar import move angers EU farm chief Ciolos
EU Agriculture Commissioner Dacian Ciolos has again attacked the EU's sugar production quota straitjacket after Brussels was forced to authorise more sugar imports.

AUS: Goodman Fielder slows earnings slide, ponders disposals
Australian food giant Goodman Fielder has said it has slowed its earnings decline but admitted disposals will be necessary to stabilise the troubled company.

US: CHS snaps up soy protein firm Solbar
US co-operative CHS has acquired Israel-based soy ingredients firm Solbar Industries.

GERMANY: Ferrero to appeal against Nutella lawsuit
Italian confectionery giant Ferrero said it plans to appeal to Germany's Federal Courts of Justice following a court order over the labelling of its Nutella brand.


Danone closes WhiteWave, who will acquire Stonyfield?

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 pension news offers cheer but challenges remain

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....


Another reshuffling of pack at Hain Celestial

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 looking to sell final non-dairy asset

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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