PepsiCo announced its first-half results last week and faced questions about Nelson Peltz’s call to combine with Mondelez International.
On the money: PepsiCo rebuffs call for Mondelez tie-up
PepsiCo has shrugged off a call to break up the business and merge its food operations with Mondelez International, insisting the company does not need large-scale M&A to deliver its long-term targets.
Deal or no deal: Unilever’s Peperami draws buyer speculation
Unilever could soon be selling another food brand. The company, which has offloaded a number of food assets in recent years, is understood to be on the look out for a buyer for its Peperami snack brand. While Unilever has declined to comment on the reports, analysts have offered their views as to who might snap up this “animal” of a brand.
On the money: Unilever to rationalise portfolio to “max the mix”
Unilever has suggested it will work to further rationalise its portfolio – opening up the possibility more disposals could be in the offing – as it looks to focus on fewer, stronger brands in order to “max the mix”.
On the money: Premier seeks “strategic partnerships” with fewer suppliers
Premier Foods plc, which is cutting its network of suppliers in half as part of cost-saving plans, has asked firms to sign up to “strategic partnership” deals that could lead companies to invest more in innovation and product development.
US: Spartan Stores to merge with distributor Nash Finch
US grocery retailer and wholesaler Spartan Stores is to merge with food distributor Nash Finch Co.
CHINA: China Resources Enterprise silent over ParknShop “interest”
China Resources Enterprise has remained tight-lipped over reports it is among retailers looking to place a bid for one of Hong Kong’s leading supermarket chains ParknShop.
ITALY: EFSA chief quits for return to French government
The head of the European Food Safety Authority, Catherine Geslain-Lanéelle, is stepping down to return to the French government.
Sustainability Watch – Every Crumb Counts
Food waste is again a hot topic in the food sector with the launch last month of FoodDrinkEurope’s multi-stakeholder programme, Every Crumb Counts. Ben Cooper spoke with Tove Larsson, director of environmental affairs at FoodDrinkEurope, about the new initiative.
US: Danone, Starbucks to team up on yoghurts
Danone and Starbucks are to develop and launch a range of Greek yoghurts in the US.