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.
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?
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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By GlobalDataAUS/NZ: Fonterra scare could hit jobs at Danone’s Nutricia
Nutricia, an infant formula unit of Danone, has admitted jobs could go across Australia and New Zealand in the wake of the Fonterra botulism contamination scare that hit the business.
GLOBAL: Nestle, Heinz to work on “responsible” plant-based plastics
Nestle, Danone and Heinz are among a number of FMCG companies that have pledged to work on the “responsible” development of plant-based plastics.
UK/NZ: Muller exits Wiseman’s venture with A2 Corp.
Muller is to exit a joint venture in the UK with New Zealand milk firm A2 Corp. that the German dairy giant took on when it snapped up local milk supplier Robert Wiseman Dairies last year.
UK: Iglo plans to “double size” by 2020
European frozen food maker Iglo Group has said it plans to change the way people think about frozen food in a bid to double its size by 2020.
BRICs and beyond: United Biscuits sets sights on Middle East growth
United Biscuits has signed a deal to acquire a majority stake in Saudi snacks business Rana Confectionery Products. The deal, the UK snacks firm says, will allow it to grow and establish a strong position in Saudi Arabia but also the wider Middle East region with its brand portfolio. Michelle Russell reports.