The last five days have seen the owners of UK retailer Somerfield look for a buyer, Kellogg invest in Russia – and a police hostage raid at a Unilever plant. Here’s this week’s most popular stories on just-food.
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US: Wal-Mart to go “head-to-head” with Tesco
Wal-Mart is set to launch a counter-attack to Tesco’s move into the US with its own plans to open smaller grocery stores. The US retail giant is planning to go to head-to-head with Tesco’s Fresh & Easy stores in Arizona.
FRANCE: Police hostage raid fails to sway Unilever
Unilever will press ahead with plans to restructure its ice cream business in France, despite workers holding a company director hostage at one of the company’s plants. French police were called to free Prakash Patel, plant director at Unilever’s Cogesal-Miko site in St. Dizier, who had been held captive in his office on Monday night.
UK: Union anger as Cadbury vows to close site
UK unions have slammed Cadbury Schweppes’ decision to press ahead with plans to close its Keynsham chocolate factory. A union official claimed that Cadbury’s move would help create an “industrial desert”.
US: Kellogg buys Russian biscuit business
Kellogg has snapped up Russian biscuit and ready-to-eat cereal business The United Bakers Group for an undisclosed sum. Kellogg called the acquisition an “exciting strategic development” for the company.
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By GlobalDataUK: Somerfield owners look for buyers
The owners of Somerfield have put the UK grocer up for auction after receiving expressions of interest in the company, just-food understands. Several unnamed parties have indicated they would be interested in buying the convenience store chain, which runs over 900 stores in the UK.
