Danone this week gave the first tangible signs of its plans under new CEO Emmanuel Faber, including a new division to focus on growing in Africa. Cargill revealed it is considering an entry into Indonesia’s poultry sector. Meanwhile, Tesco announced another profit warning but notably outlined changes to the way it will do business with suppliers.
Danone forms Africa unit, to keep medical nutrition arm
Danone this morning (12 December) announced plans to form a new division for its operations in Africa – a region where it plans to invest more – and said it would retain its medical nutrition arm, which it had been rumoured to sell.
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Focus: Danone CEO Faber puts stamp on business
Danone today (12 December) made a series of announcements, including a division to focus on Africa, an update on the future of the company’s medical nutrition arm and changes in senior management. Analysts saw the moves as a sign recently-appointed CEO Emmanuel Faber was making his mark on the business and they gave the initiatives a warm welcome. Dean Best reports.
Focus: Cleaning up Tesco’s act will have mixed impact on suppliers
Tesco issued another profit warning this morning (9 December) that once again highlights the challenging task facing new CEO Dave Lewis. In an effort to build bridges with its suppliers, Tesco is moving away from a model that requires one-off payments from CPG manufacturers. This process will have a mixed outcome for the supermarket’s supply base, Katy Askew suggests.
Premier backs down over supplier payments
Premier Foods plc has amended the way it approaches supplier negotiations after coming under fire for allegedly requesting payments from suppliers to continue doing business with the company.
Cargill mulls entry into Indonesian poultry sector
US agribusiness giant Cargill is considering moving into Indonesia’s poultry market.
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