Food industry company news

Subscribe via RSSWhat is RSS?

Latest Articles

Wal-Mart's online offensive, Save-A-Lot sold, Lenta and Magnit in spotlight in Russia - retail round-up, October 2016

8 Nov 2016

October saw Wal-Mart underline its ambitions in e-commerce, Supervalu sell under-pressure US hard discounter Save-A-Lot and Russian retailer Lenta add to its operations through M&A.

Finland's Kesko reports pre-tax profit increase

3 Aug 2016

Finnish grocery retailer Kesko has announced a jump in pre-tax profits for the first half of 2016 to EUR103.8m (US$116m) over EUR68.5m in the same period last year.

The bitesize interview: Bennett Opie owner William Opie

22 Dec 2014

Family-owned UK company Bennett Opie is a varied business, selling products from pickles to compotes under its Opies brand at home and abroad and handling a fast-growing distribution arm in its domestic market. just-food spoke to fourth-generation owner William Opie about the company's recent rapid growth and its ambitions to expand further overseas.

FINLAND: Kesko launches private label K-Menu products

28 Mar 2014

Finnish retailer Kesko plans to launch its K-Menu private label range, with the first products to be in store from next month.

FMCG in Russia: Domestic, international grocers battle it out in Russia

30 Sep 2013

Russia has been described as one of the most dynamically developing retail markets in the world. The advent of the recession, however, resulted in a slowdown in growth that Russia has not yet fully recovered from. While it is debatable whether Russia will fully re-establish the pace of growth it enjoyed before the credit crisis, the market is seen as an attractive one for FMCG companies.

RUSSIA: Kesko starts food chain in St Petersburg

7 Dec 2012

Finland-based retailer Kesko has opened its first food store in Russia in the city of St Petersburg.

FINLAND: Kesko Q1 profits slide

26 Apr 2012

Finnish retailer Kesko has booked a drop in first-quarter group profits as earnings in its food retail division slid.

FINLAND: Grocery profits up at retailer Kesko

3 Feb 2012

Finnish retailer Kesko has booked an increase in full-year profits from its food business, boosted by strong sales.

FINLAND: Kesko dampens 2012 profit forecast

26 Oct 2011

Finnish retailer Kesko has reduced its target for 2012 profits due to lower consumer confidence and the economic turmoil in Europe.

RUSSIA: Kesko to launch hypermarket format

5 Apr 2011

Finnish grocery retailer Kesko has revealed plans to launch a hypermarket format in Russia.

FINLAND: Kesko's food strength fails to offset DIY issues in Q4

3 Feb 2011

Continued growth from Kesko's grocery retail business failed to offset falling profits from its DIY chain in the fourth quarter of 2010, the Finnish company reported today (3 February).

FINLAND: Kesko profits drop in food division

27 Apr 2010

Finnish retail group Kesko saw profits in its food division drop for the first quarter of 2010, despite a lift in sales.

FINLAND: Kesko sees FY profits drop 44%

5 Feb 2010

Finnish retail group Kesko reported a drop in full-year profits today (5 January) but said the sales performance of its food stores remained “steady” during the period.

RUSSIA: Kesko keen on Carrefour's Russian business

27 Oct 2009

Finnish retail group Kesko hopes to acquire Carrefour's Russian hypermarkets, according to Kesko chief financial officer Aria Talma.

FINLAND: Kesko coy over Russian grocery entry

11 Sep 2009

Finnish food and DIY retailer Kesko today (11 September) that "no decisions" had been made on whether to take its grocery retailing business into Russia.

FINLAND: Kesko Q2 profit dives

24 Jul 2009

Finnish retailer Kesko said today (24 July) that its second-quarter profits halved as consumers reigned in spending due to the economic downturn.

FINLAND: Kesko profits hit by weak demand

28 Apr 2009

Finnish retailer Kesko said today (28 April) the near future remains “dim” as it posted a drop in first-quarter net profit due to weak demand.

RUSSIA: Kesko eyeing Lenta buy

20 Oct 2008

Kesco Food’s Russian subsidiary Cassa Oy is looking to acquire Russia's third-largest grocery chain OOO Lenta, the company confirmed today (20 October).

FINLAND: Kesko raises cash with property sale

3 Oct 2008

Finnish retailer Kesko and Valluga-Sijoitus have sold 23 jointly-held store properties to Aberdeen Property Fund Finland.

RUSSIA: Lenta stays mum over rumoured sale

20 Aug 2008

Russian hypermarket chain Lenta is staying tight-lipped over the rumoured sale of a stake in the business.

RUSSIA: International retailers lock horns over Lenta

8 Aug 2008

Retail giants Wal-Mart and Carrefour are among the international retailers competing to acquire Russia’s hypermarket chain Lenta.

FINLAND: Food store revamp weighs on Kesko

22 Jul 2008

The revamp of Kesko's food stores hit first-half earnings from the company's grocery business, the Finland-based conglomerate said today (22 July).

FINLAND: Retailer Kesko posts rising food sales

14 Jul 2008

Finland-based retailer Kesko has reported a 6.6% rise in half-year revenue, buoyed by rising grocery sales.

GERMANY: Buying alliances key to competitiveness - Rewe

19 Jun 2008

International co-operation is becoming a vital way for food retailers to compete with their larger rivals, the CEO of German grocer Rewe said today (19 June).

BELGIUM: Delhaize to change buying alliance

17 Jun 2008

Belgium-based retailer Delhaize is to switch buying alliances from next year, the company has announced.

FINLAND: Stores revamp hits Kesko profits

22 Apr 2008

Falling grocery margins and a revamp of its food retail stores have led to a slump in quarterly profits at Finnish conglomerate Kesko.

FINLAND: K-market refurb begins

25 Feb 2008

Finnish retailer Kesko is revamping its 457 K-markets in a bid to boost the company’s neighbourhood store sales.

FINLAND: Kesko Food enjoys FY gains

5 Feb 2008

Finnish retailer Kesko has posted buoyant underlying full-year earnings from its grocery business.

FINLAND: Kesko to launch own-label dairy range

1 Feb 2008

Kesko Food, the food retailing division of Finnish retailer Kesko, has launched a range of products to the Finnish market.

FINLAND: Grocery growth drives Kesko FY

15 Jan 2008

Finnish retailer Kesko has seen the buoyancy of its grocery business continue with rising food sales driving sales growth of just under 3% for 2007.


Forgot your password?