The spat between UK retailers Sainsbury’s and Tesco grabbed this week’s headlines after the country’s advertising watchdog ruled in favour of the latter’s price comparison scheme. Click on the headlines to view the week’s pick of just-food’s coverage.
UK: Sainsbury’s launches ad offensive after ASA backs Tesco
Sainsbury’s today (31 July) launched an advertising assault against Tesco after failing to convince the UK’s advertising watchdog its rival’s price comparison scheme was unfair.
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On the money: Whole Foods sees potential to triple store count
Whole Foods Market co-CEO Walter Robb has claimed the US retailer sees the potential to triple its store count in the US.
UK: Crisp maker Tyrrells sold to PE firm Investcorp
Bahrain-based private-equity firm Investcorp has snapped up UK crisp business Tyrrells from fellow buy-out house Langholm Capital for GBP100m.
INDIA: Nestle, Heinz, Abbott face baby food promo probe
Indian authorities are examining claims baby food manufacturers Nestle, Heinz and Abbott Laboratories have broken regulations governing the promotion of infant formula and cereals.
In the spotlight: UK sees food and farming as growth engine
Last week saw the launch of the UK government’s Agricultural Technologies Strategy which aims to foster investment in technology and innovation while bridging the gap between scientific research and food manufacture. Ben Cooper reports.
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By GlobalDataOn the money: Kraft Foods looks to brand building to boost volumes
Kraft Foods Group has admitted it is not yet “firing on all cylinders” and will look to increase brand building and promotional programmes to address a decline in sales volumes.
On the money: Kellogg to turn to advertising, NPD to improve cereal sales
Kellogg has said it will look to innovation and increased advertising spend in a bid to address falling cereal volume sales in North America in the second half of the year.
FRANCE/CHINA: Sodiaal opens Candia-branded shops in China
French dairy giant Sodiaal has decided to launch a chain of shops in China to sell Candia-branded lines in a bid to tap into demand for foreign milk products.
BELGIUM: Univeg founder Deprez regains control
Fresh produce giant Univeg has been reacquired by its founder Hein Deprez.
On the money: Profit slide “the cost of change” – Maple Leaf
Maple Leaf Foods chief executive Michael McCain has suggested the company’s falling earnings are the “cost of change” as the Canadian meat and bakery group invests in improving its business.
