PepsiCo talked of “snackifying” and “drinkifying”, the UK coalition government warned of “nannying” and Carrefour blamed a “management malfunction”. just-food’s week in words has some eye-catching phrases this week to match some interesting stories.
“We see the emerging opportunity to ‘snackify’ beverages and ‘drinkify’ snacks as the next frontier in food and beverage convenience” – PepsiCo chairman and CEO Indra Nooyi explains why the company is pushing further into dairy with its move to buy Russia’s Wimm-Bill-Dann.
“This is a rare opportunity to add strength to strength to create a truly outstanding business in one of the world’s most attractive consumer markets” – PepsiCo CFO Hugh Johnston believes the Wimm-Bill-Dann acquisition will boost the US group in a market that will become its largest outside the US.
“It is simply not possible to promote healthier lifestyles through Whitehall diktat and nannying about the way people should live” – UK Health Secretary Andrew Lansley set outs why the coalition government believes all of society has a role to play in improving the nation’s health.
“What happened in Brazil was clearly a malfunction in management” – Carrefour CEO Lars Olofsson reflects on the French retailer’s problems in Brazil, which have led to charges that will mean 2010 profits will miss the company’s target.
“This legislation will give Americans the confidence that the fruits, vegetables, milk, eggs and packaged foods we serve our families are safe to eat” – Caroline Smith DeWaal, food safety director at the Center for Science in the Public Interest, hails the passing of reforms to the US food safety system in the Senate.
“The more we learn about South Africa and the surrounding countries the more we are convinced that this is an important region with attractive growth characteristics” – Doug McMillon, head of Wal-Mart Stores’ international arm, eyes growth in Africa following the retail giant’s bid for control of South Africa’s Massmart Holdings.
“Our potential for the future, I think, is much greater because we have something to work with” – David Dillion, boss of US retailer Kroger, insists the future for the business is brighter than some of its competitors after analysts expressed concern over the company’s strategy.
“Privet’s investment will provide Polestar with a renewed focus, increased financial strength and a clear strategic plan” – Ian Astley, director at private-equity firm Privet Capital, says the buy-out house’s acquisition of ailing UK frozen-desserts maker Polestar Foods will bring clarity to the former Heinz business.
“Misleading pricing is not only bad for the consumer, it is also bad for competition, and creates an uneven playing field between fair dealing businesses that stick to the spirit of the law, and those that push the boundaries too far” – John Fingleton, director of UK watchdog The Office of Fair Trading, explains why retailers will face greater scrutiny of their marketing practices.
“The consortium is going to need to be creative in attacking private-label goods and even other branded goods to make sure its own brand does not deteriorate because Del Monte is well known in the food aisle” – Morningstar analyst Jeremy Cohen warns the KKR-led group set to buy Del Monte Foods that work needs to be done on the company’s consumer-foods business.