PepsiCo’s strategic options grabbed the headlines this week, with the company insisting it was not considering plans to split in two and then 48 hours later being linked to a yoghurt venture with German dairy group Müller. In Germany, meanwhile, Metro Group’s CEO announced he would leave the retail giant next year. And, across Europe, the industry was debating the EU’s latest plans to reform the Common Agricultural Policy.
On the money: PepsiCo rebuffs split speculation
PepsiCo CFO Hugh Johnston has quashed suggestions that the global snacks and beverage giant could split into two.
UPDATE: US: PepsiCo, Muller silent on yoghurt JV talk
PepsiCo and German dairy Müller have refused to be drawn on reports that they could be set to team up in the yoghurt sector.
On the move: Discord bookends Cordes reign at Metro Group
Four years ago, Metro Group CEO Dr Eckhard Cordes joined the German retail giant in the wake of discord in the boardroom and uncertainty over the company’s future. He is set to leave the world’s third-largest retailer in much the same way.
Reform of the EU’s Common Agricultural Policy
Proposals put forward by the European Commission to reform the CAP have been widely criticised.
UPDATE: CHINA: Wal-Mart stores in Chongqing close amid pork probe
All of Wal-Mart Stores’ outlets in the Chinese city of Chongqing have now been temporarily closed as the investigation into the “green pork” pricing continues.
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NETHERLANDS: CSM stock plummets after profit warning
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UK: Co-op’s Marks defends Somerfield acquisition
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