Food industry company news

Subscribe via RSSWhat is RSS?

Latest Articles

Quote, unquote: just-food's week in words

10 Mar 2014

This week Unilever was gain rumoured to be looking to sell a food brand - this time Ragu pasta sauces. UK group Premier Foods announced a new refinancing package, while in the US, a mega-merger in the retail sector is on the cards, after Albertsons owner and private-equity firm Cerberus Capital Management struck a deal to buy Safeway.

SPAIN: Lidl plans EUR180m store, distribution offensive

6 Mar 2014

Lidi is to spend EUR180m in Spain this year on new stores, improving ranges in existing outlets and opening another warehouse in the country.

UPDATE: UK: Tesco plans GBP200m investment in price

25 Feb 2014

Tesco is launching an incremental investment of GBP200m (US$333.9m) to drive prices down on "essential" items as the UK's largest retailer tries improve its performance in its domestic market.

UK: Tesco to "accelerate" UK turnaround

25 Feb 2014

Tesco will "accelerate" efforts to turn around its UK business, the company said today (25 February).

SERBIA: Lidl eyeing entry but no decisions made

21 Feb 2014

Discount retail giant Lidl has confirmed it is looking at possible locations to open its first store in Serbia but has yet finalised where it could enter the market.

Focus: Obesity in the UK - whose problem is it?

14 Feb 2014

The blame game continues to escalate as to who is responsible for the obesity crisis in the UK. While some point the finger at the Government for not being convicted enough in its approach to tackle the problem, the finger is often pointed back at the food industry for failing to co-operate. Hannah Abdulla explores the complex issue.

US: Lidl owner Schwarz secures IFC cash for E Europe push

14 Feb 2014

Schwarz Group, the company behind Lidl and discount hypermarket chain Kaufland, has secured funding from the International Finance Corporation for expansion in eastern Europe.

just-food's 2014 outlook: International retailers continue to bring focus home

30 Jan 2014

The world of international food retail has undoubtedly got a little less international in recent years and 2014 looks likely to see the big guns continue to take an empire-building breather and sort out their troubled home markets while undertaking only modest overseas activities. Glynn Davis reports.

Timeline - King's reign at Sainsbury's

29 Jan 2014

Justin King is to step down as CEO of Sainsbury's after a decade in charge of the UK grocer. King has revitalised Sainsbury's, taking a business with stock issues to one that has consistently outperformed its rivals in recent years. Here's a look at the key events of King's reign.

UK: Asda, Sainsbury's neck and neck in UK - Kantar

14 Jan 2014

Sainsbury's share of the UK's grocery market now matches Asda, the country's second-largest retailer, according to the latest data from Kantar Worldpanel.

UK: Lidl to pull chocolates, sweets from checkouts

14 Jan 2014

Lidl has decided to remove chocolate and sweets from checkout lanes in its UK stores.

UK: Morrisons shares jump on property sale talk

13 Jan 2014

Morrisons is reportedly considering selling off up to 10% of its properties - equating to about GBP800m - after coming under fire from shareholders following its poor Christmas trading results but analysts say it is not enough to "save the company".

What the analysts say: Morrisons stuns City with tumbling sales

9 Jan 2014

Morrisons' unscheduled Christmas trading update surprised the City this morning in more ways than one. Like-for-like sales fell almost 6%, under-performing its rivals by some distance. The decline was evidence the impact the growth of discounters Aldi and Lidl is having the UK's fourth-largest grocer.

What the analysts say: Tesco again faces questions in City

9 Jan 2014

Tesco this morning (9 January) revealed a disappointing drop in like-for-like sales over Christmas and New Year. The retailer attributed the decline in sales to "further weakness in the UK grocery market" and having a "tougher comparative" versus last year. The results had a negative impact on share recommendations, although some analysts highlighted areas for optimism, including Tesco's work online.

just-food's review of 2013: discounters, multichannel key themes in grocery

6 Jan 2014

It can be difficult to identify common trends across markets but, in many ways, two key trends dominated the grocery retail sector in 2013 in a number of countries - the durability of discounters and the heightened interest and investment in developing multichannel retail businesses.

UK: Asda takes aim at discounters with price cuts

2 Jan 2014

Asda has set its sights on luring UK shoppers away from the discounters with moves to sell a range of household items for 50p.

Editor's choice: the highlights on just-food this week

23 Dec 2013

Tesco and Hershey grabbed the headlines in the last full week before Christmas with potential moves to bolster their businesses in India and China respectively. Beijing, meanwhile, has announced plans to investigate the price of agricultural commodities to try to encourage stability in prices. Horsemeat hit the news again with arrests in France over claims horses tested on in labs have entered the food chain.

UK: Majority of UK households visit Aldi, Lidl - Kantar

17 Dec 2013

Over half of the UK's households have visited either an Aldi or a Lidl in the last 12 weeks, data from Kantar Worldpanel showed today (17 December), underlining the inroads the discounters have made into the country's grocery market.

Comment: Price is key for retailers in Ireland

9 Dec 2013

Pressure on household incomes in Ireland has been exacerbated by persistently high grocery inflation this year. As a result, price positioning has become absolutely key for retailers operating in what is a highly competitive market, Katy Askew suggests.

Best bits: Little sign of challenges easing for Tesco

9 Dec 2013

This coming March, Philip Clarke will have been Tesco CEO for three years. It has been a challenging period and, at least in the short term, there is unlikely to be any let up.

UK: Government hails unit pricing initiative

5 Dec 2013

The UK government has announced that ten of the country's largest supermarkets have signed up to a pricing initiative that will see unit pricing added to labels.

Talking shop: Tesco faces "difficult decisions" at home and abroad

4 Dec 2013

Tesco clearly has a lot on its plate. On the one hand, the UK's largest retailer is focused on transforming its domestic business through a capital intensive programme of store refurbishments and a potentially margin-dilutive drive online. On the other, the need to reverse overseas volume declines in order to shore-up international margins is pressing. CEO Philip Clarke is attempting to perform a complex balancing act. Katy Askew reports.

What the analysts say: Tesco's weak performance leaves market divided

4 Dec 2013

The disappointing third-quarter top-line performance reported this morning (4 December) by Tesco has left analysts divided over the group's strategy. Tesco has cut capital expenditure on new stores and is instead investing in refurbishments and multichannel growth. Management has insisted the strategy will simply take time to deliver results. But, with the clock ticking, another set of weak numbers has raised questions over whether Tesco's investment focus will pay off. Here is the view from the City.

IRELAND: Iceland eyes 50 stores in Ireland

26 Nov 2013

UK frozen food retailer Iceland Foods has indicated it could build a network of over 50 outlets in Ireland.

FINLAND: Lidl to "invest EUR100m in Finland in 2014"

21 Nov 2013

Discount retailer Lidl is understood to be investing EUR100m (US$134.4m) in its Finland operations.

Quote, unquote: just-food's week in words

18 Nov 2013

This week saw a continued focus on M&A, as further evidence of the global trend towards consoidation in the sector emerged. The battle for Australia's Warrnambool Cheese and Butter Factory rumbled on and Mexico's Sigma launched a takeover bid for Spain's Campofrio.

What the analysts say - Ahold Q3 and Slovakia exit

14 Nov 2013

Ahold shares dropped today (14 Novermber) after the Netherlands-based retailer warned its domestic market share is coming under pressure. However, a number of positives also came out of the financial update, including the announcement of a EUR1bn payout to shareholders and news that the group will exit Slovakia. Here is what the markets had to say about Ahold's mixed third-quarter news.

UK: Asda plans fresh price offensive

14 Nov 2013

Asda has claimed it will spend GBP1bn on lowering prices in a bid to "widen the gap" with its big three rivals, Tesco, Sainsbury's and Morrisons.

In the spotlight: Morrisons making positive strides, but LFL sales continue descent

7 Nov 2013

The UK's fourth largest supermarket, Morrisons, today (7 November) showed further signs that its sales are struggling amid tough competition in the marketplace. The grocer is continuing to make positive strides, but the questions over whether this is enough and whether Morrisons has its proposition right still linger. Michelle Russell reports.

IRELAND: Tesco targets discounters with Price Promise

28 Oct 2013

Tesco has launched its Price Promise comparison scheme in Ireland as it looks to grab back some market share from discounters Aldi and Lidl.






Forgot your password?