China has once more dominated the headlines, as we brought you coverage of our recent trip to the country where we were given the opportunity to meet with Nestle CEO Paul Bulcke. In other news, activist shareholder Nelson Peltz has again turned up the pressure for PepsiCo to separate its snacks and drinks businesses, calling on the former to be merged with Mondelez International. Meanwhile, it seems FMCG giant Unilever could be looking to further trim its food portfolio. just-food understands the group is seeking a buyer for its meat snacking brand Peperami, a move that follows the recent disposal of its Skippy peanut butter business in the US. Here are the highlights from just-food this week.
US: Trian’s Peltz says PepsiCo should acquire Mondelez
Trian Fund Management, the investment vehicle of activist shareholder Nelson Peltz, has said PepsiCo should merge with Mondelez International and spin off its beverages business.
The just-food interview part one: Nestle CEO Bulcke upbeat on “sustainable” growth
Nestle has set out a clear growth trajectory. Across its global operations, the world’s largest food group aims to deliver 5-6% organic revenue growth. At the same time, Nestle has targeted improved operating margins and higher underlying earnings. And key to the “Nestle Model” is the fact that the company believes it can achieve this year-in, year-out, for the foreseeable future. Katy Askew spoke to Nestle group chief executive Paul Bulcke to find out how.
The just-food interview part two: Nestle CEO Bulcke expounds benefits of “good food, good life”
Nestle is a company on a mission to drive long-term, sustainable organic revenue growth across its geographies. In its bid to achieve this, the world’s largest food group has embarked on a different type of mission, with the goal of bringing healthy, nutritious food to a well-educated consumer base. To some, this might seem at odds with the group’s confectionery and ice cream heavy portfolio. In part two of the just-food interview, Nestle CEO Paul Bulcke brushes off such concerns and insists that the group will leverage its strength in science-based nutrition as it works towards a healthy future
UK: Unilever “on the lookout” for Peperami buyer
Unilever is understood to be on the lookout for a buyer for its Peperami snack brand as it continues to find way of sharpening its global portfolio.
Organic baby food: Corporates M&A flurry in growing segment
For three weeks in May, the industry’s M&A spotlight shone brightest on the organic baby food sector.
CHINA: Nestle China growth accelerating – regional chief
Nestle is driving revenue growth ahead of the market in China, where sales gains have accelerated this year, Nestle regional chief Roland Decorvet has indicated.
Interview: Development of “bottom-up” approach to China food safety – GFSF
As the Chinese government moves to step-up regulation of the country’s food industry, China’s domestic brands are developing a for-profit food safety model that aims to restore battered consumer confidence in the quality and reliability of the country’s foodstuffs, according to Rick Gilmore, chairman of the Global Food Safety Forum (GFSF). David Green caught up with Gilmore in Beijing to find out more.
CHINA: Shuanghui downplays IPO rumours
Chinese pork group Shuanghui International has downplayed rumours that it is preparing an IPO following completion of its proposed acquisition of US meat firm Smithfield Foods.
Just the answer – Anna Rosier, Organix Baby Food
The organic food market has been enjoying some stellar growth over the past few years and UK organic baby food producer Organix has been busy capitalising on that. Michelle Russell met up with managing director Anna Rosier to find out how the company is continuing to grow its market share and the opportunities it see both at home and abroad.
Deal or no Deal: Cargill touted as ADM cocoa suitor
Reports emerged earlier this month that US agribusiness giant Cargill is exploring the possibility of buying Archer Daniels Midland’s (ADM) cocoa business. While not confirmed, such a purchase would create a global giant in the sector. Michelle Russell takes a closer look.