Canadian pension fund Ontario Teachers’ Pension Plan made another investment in the UK with the acquisition of Burton’s Biscuit Co. In Australia, grocery retailing giants Woolworths and Coles signed up to a code of conduct governing their relationship with suppliers. And we ran our latest just-food interview, with Patrick Coveney, CEO of private-label convenience food group Greencore.
Comment: Burton’s set to accelerate growth with Ontario Teachers’ backing
Ontario Teachers’ Pension Plan, the Canadian pension fund, has taken majority ownership of Burton’s Biscuit Co., ending months of speculation over who would walk away with the UK firm. The news provides clarity over the likely direction Burton’s will take – confirming a focus on power brands and international expansion, Katy Askew suggests.
Go deeper with GlobalData
The just-food interview – Patrick Coveney, Greencore
In the latest in our series of just-food interviews, Greencore CEO Patrick Coveney talking horsemeat, the ups and downs of M&A attempts and expansion in the US.
AUS: Woolworths, Coles sign up to supply code
Australia’s largest supermarkets, Woolworths Ltd and Coles, have signed up to a new code of conduct governing food and grocery supplier relationships.
Talking shop: Morrisons confident on online foray
Morrisons, the UK’s fourth-largest supermarket, has seen sales come under sustained pressure. The retailer has responded by filling in the gaps in its portfolio, augmenting its bricks-and-mortar supermarket base with a convenience and online offering. Will this be enough to bring positive sales momentum to the supermarket chain – or do other underlying issues persist?
See Also:
On the money: Tyson “doubling down” on prepared foods
Tyson Foods has indicated it is intensifying its focus on prepared foods as the US-based meat giant continues to build a portfolio of “value-added” products.
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