Unilever confirmed a fall in third-quarter sales this week it had indicated earlier this month; in between times, just-food met CEO Paul Polman in Germany to discuss the company’s food business and emerging markets. The interview was published in two parts this week. Elsewhere, Tesco issued some eyebrow-raising stats on waste, Canada’s Saputo upped its bid for Australian dairy Warrnambool Cheese and Butter Factory and Maple Leaf Foods said it weighing up the options for its 90% stake in Canada Bread.
The just-food interview – Unilever CEO Paul Polman
In a two-part interview, Dean Best talked to Unilever CEO Paul Polman about its low-growth food arm and the slowdown in emerging markets. The interview was held last week, ahead of Unilever’s third-quarter trading update, which it had shed light on earlier this month with a warning on sales.
Consuming issues: Give Tesco some credit on waste
While there has been plenty of condemnation for Tesco on its announcement on waste, it deserves praise first for its candour, writes Ben Cooper.
CANADA: Saputo increases Warrnambool offer
Canadian dairy giant Saputo has increased its offer for Warrnambool Cheese and Butter Factory after being outbid by Australian dairy co-op Murray Goulburn.
CANADA: Maple Leaf explores sale of Canada Bread stake
Canadian food group Maple Leaf Foods is looking to potentially offload its controlling stake in Canada Bread as it looks to build top-line growth from its prepared meats business.
MEXICO: Mexican junk food tax moves a step closer
The Mexican government has moved a step closer to introducing a tax on junk food with the country’s Lower House of Congress approving a raft of measures aimed at raising tax revenues.
FRANCE: Nestle to shut down Beauvais ready meal production
Nestle is to close down the frozen meal operations at its Beauvais facility in the north of Paris as a consequence of the horsemeat scandal that hit Europe earlier this year.
AFRICA: Danone, PE firm Abraaj to buy Fan Milk International
Danone has teamed up with The Abraaj Group, a private-equity firm focusing on emerging markets, to buy Fan Milk International, a dairy group operating in Africa.
CHINA: Wal-Mart emphasises plan to still expand in China
Wal-Mart Stores has outlined plans to open stores and distribution centres in China over the next three years – after saying last week some existing outlets in the country would close.
Interview: 7-Eleven’s Indonesian operator Modern Putra outlines ambitions
7-Eleven has built a significant worldwide presence since its inception in 1927 but the Japanese-owned international convenience chain still has its eye on building its presence in key emerging markets. Michelle Russell met Henri Honoris, the head of Modern Putra Indonesia, 7-Eleven’s operator in the populous Asian market, to discuss the plans for the chain there.
SPAIN/MOROCCO: Baker Dulcesol enters Morocco via JV
Spanish baker Dulcesol has entered Morocco through a local sales, marketing and distribution joint venture with an undisclosed local partner.