In a week of trading updates and financial results, we spoke to Associated British Foods finance chief John Bason about the UK group’s grocery business, heard how retailer Morrisons plans to revitalise its sales and why Mondelez International CEO Irene Rosenfeld believes its operations in Brazil and Russia can bounce back after a challenging quarter.
INTERVIEW: ABF finance chief Bason upbeat on UK, Australia
Associated British Foods finance director John Bason has struck an upbeat tone on the company’s prospects in the next 12 months in the UK and Australia, two markets central to the drop in annual profits from its grocery business.
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We need to prove we are different, says Morrisons
CEO Dalton Philips, reflecting on another quarter of falling sales, says the UK retailer must show consumers how it stands apart from its rivals.
On the money: Mondelez will recover in Brazil, Russia – Rosenfeld
Irene Rosenfeld, the CEO of Mondelez International, has said the newly-formed snacks group will bounce back in Brazil and Russia, two key emerging markets that hit the company’s sales in the third quarter.
On the money: Barry Callebaut “confident” following investment surge
Swiss chocolate maker Barry Callebaut insisted it is “confident” on the outlook for the coming fiscal year after investments weighed on the group’s bottom line.
just the answer – PinguinLutosa COO Herwig Dejonghe
European food group PinguinLutosa has undergone a period of significant change in recent years, with two notable acquisitions. And that transformation has continued but this time with a deal to sell one part of its business, Lutosa, to McCain Foods. COO Herwig Dejonghe speaks to just-food about the changes and his thoughts for the future of the frozen and canned food group.
Consuming issues: Industry should engage on nutrient taxes
With nutrient taxes recently attracting media attention in a number of countries, Ben Cooper reflects on how the food and beverage industry might react to the heightened debate.
just the answer – Matthias Kunz, Emmi
Swiss dairy group Emmi has this year pressed on with its plans to expand overseas and rely less on a stagnant domestic sector. At the SIAL 2012 industry expo in Paris, Dean Best met Matthias Kunz, head of Emmi’s international business, to discuss the company’s latest investments, including its decision to take a majority stake in Spanish dairy Kaiku.
NETHERLANDS: DSM to acquire food additive firm Fortitech
Dutch ingredients group DSM has signed a deal to buy US food additive producer Fortitech in a deal worth EUR495m (US$630.8m).
