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January 22, 2018

Aryzta executive set to take reins at Sysco-owned Pallas Foods – report

Peter Jackson, a division head at Swiss-Irish food group Aryzta, is to take the top job at Pallas Foods, Ireland's largest foodservice wholesaler, according to The Irish Independent newspaper.

By Leonie Barrie

Peter Jackson, a division head at Swiss-Irish food group Aryzta, is to take the top job at Pallas Foods, Ireland’s largest foodservice wholesaler, according to The Irish Independent newspaper.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

It reports that Jackson, the managing director of Aryzta’s European foodservice division, will take up the chief executive officer role at Limerick-based Pallas, which is owned by US foodservice giant Sysco Foods, in April.

He would be the first person to take on the role who is not a member of the Geary family.

The Irish Independent reports the move follows the news CEO Dan Geary is to step down.

Pallas Foods was founded in Co. Limerick in the 1980s by Dan Geary’s father, Tim Geary, who recently passed away. 

It was sold to Sysco Foods in 2009 for a fee rumoured to be around EUR200m (US$244.8m at current exchange rates).

In 2017 it merged Pallas with UK-based peer Brakes.

Jackson is a well-known figure in the Irish food industry. Before working for Aryzta, he was the chief executive of meat specialist Kepak Convenience Foods.

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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