Editor's viewpoint

Editor's viewpoint

By: Dean Best

Dean Best's views on the industry's hot issues.



Bakery giant Aryzta's fresh profit warning raises concerns 29 May 2018

It has been clear for months there are some sizeable challenges facing Aryzta, the Swiss-Irish bakery giant - and there were signs this week the company's problems persist.


Why latest Tyrrells takeover is no major surprise 18 May 2018

UK-based savoury snacks business Tyrrells is getting its third owner in two years - but the latest deal is no surprise, writes Dean Best.


London Mayor's bold plan on food ads should be welcomed 11 May 2018

How the owners of food and drink high in fat, salt or sugar advertise their products has long been a contentious issue in the UK, with campaigners calling for further restrictions. Today (11 May), London's Mayor, Sadiq Khan, has won praise for his proposals to introduce regulations within his area of influence.


What might Pinnacle Foods' new activist investor mean for US group? 20 Apr 2018

Pinnacle Foods has often been touted as a possible acquisition target - and now activist investor Jana Partners has taken a position in the US group that talk will intensify.


M&A, rather than Brexit, is behind Unilever's HQ decision 16 Mar 2018

Unilever this week announced a change in its legal structure, which will see the FMCG behemoth have its main base in the Netherlands. The UK media swiftly pointed to Brexit - but the key factor would likely have been to have given the group more options when it comes to M&A.


The UK's calorie plan is cogent - and industry will be content 12 Mar 2018

Faced with some alarming data on obesity, the UK this week announced its latest strategy to battle the bulge. A target for industry to reduce calories has its merits and, Dean Best writes, will have pleased industry, too.


General Mills sets cat among pigeons with move into pet food - analysis 27 Feb 2018

Three days after signalling more M&A was likely, General Mills on Friday announced a move into pet food with the acquisition of US firm Blue Buffalo Pet Products. The US$8bn deal appears pricey but should give General Mills' top line a boost and the company is confident its new asset can continue to grow. Some in the market, however, raised questions. Dean Best reports.


The new Kellogg CEO's quest for growth - CAGNY takeaways 23 Feb 2018

There were a number of companies presenting at this week's CAGNY conference in the US that had recently-installed CEOs making their first appearance at one of the key dates in the investor calendar as chief executive. Among them was Steve Cahillane, the former Anheuser-Busch InBev and Coca-Cola executive who took the helm at Kellogg in October. His job is to get a business with a sluggish top line back into growth. Dean Best tuned in.


Decision on Murray Goulburn sale delayed 2 Feb 2018

Australia's competition watchdog has pushed back the date on which it is set to announce its verdict on Saputo's planned acquisition of the operating assets and liabilities of local dairy giant Murray Goulburn.


Lactalis scandal puts wider French supply chain in spotlight 12 Jan 2018

The scrutiny of Lactalis has intensified this week as the dairy giant battles to repair the reputational damage from the salmonella scandal that has engulfed the company. However, the latest revelations have meant retailers have also been criticised and led to questions about the wider supply chain, which could fuel anxiety in export markets.


Gove wins UK exporter praise but Brexit looms - editor's viewpoint 15 Dec 2017

For all the qualified optimism about the UK government's renewed pledges to work "in partnership" with the country's food industry to grow the sector, Brexit presents significant unknowns and departure from the EU could have significant ramifications for manufacturers.


It's not child's play for TreeHouse Foods right now - editor's viewpoint 3 Nov 2017

After a largely smooth decade for TreeHouse Foods since its inception in 2005, the largest private-label supplier in the US has found it tough going in the last 18 months or so. And, worryingly for investors, the latest news coming out of TreeHouse this week did not make for happy reading, Dean Best reports.


Eyeing Asia, Saputo moves for Murray Goulburn - editor's viewpoint 30 Oct 2017

Dean Best weighs up why Saputo has moved to buy the embattled Australian dairy group.


Ferrero strikes again in US - but whither Nestle assets? 23 Oct 2017

Ferrero and Ferrara Candy Co. have this summer been named as two possible bidders for Nestle's US confectionery assets. This week, they announced they were to join forces. What, then, could that mean for Nestle's bid to sell the business?


General Mills resolute but home discomfort clouds outlook 25 Sep 2017

General Mills maintained its full-year forecasts after an opening quarter of falling sales and profits but there is uncertainty on Wall Street about the outlook for the US food giant, which continues to toil at home, writes Dean Best.


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