Europe’s food retailers are braced for a round of consolidation, analysts at J.P.Morgan Cazenove said this week. While the industry waits to see what deals could emerge, Metro Group and Auchan have formed a private-label venture. In the UK, the founder of frozen-foods retailer Iceland Foods is said to want to buy back the company and, in an exclusive interview, we speak to Tim Hurrell, the head of The Co-operative Group’s food retail chain.
EUROPE: Food retail sector set for consolidation – analyst
Europe’s food retail industry is set to see the return of mergers and acquisitions, analysts at J.P.Morgan Cazenove said today (12 October) as they started their coverage of the sector.
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FRANCE: Metro Cash and Carry, Auchan in own-label partnership
Metro Cash and Carry and Auchan have announced a venture in France to expand their private-label business.
Convenience driving in-demand Iceland Foods
Malcolm Walker, the CEO of UK retail chain Iceland Foods, has reportedly made a GBP1bn bid to buy out the company he founded in 1970. Why would Walker be interested in buying back the business?
UK: Tesco asks suppliers to reduce carbon footprint
Tesco has sent a letter to its major suppliers asking them to reduce their carbon footprint by 30% before 2020.
The just-food interview – Tim Hurrell, The Co-operative Group
Tim Hurrell, the Co-op’s managing director of food retail, described how the company has no plans to slow down its agressive expansion plans after integrating the Somerfield chain it acquired two years ago.
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By GlobalDataThe cost of Fairtrade cocoa will rise in January, certification body Fairtrade Labelling Organizations International (FLO) has announced.
UPDATE: UK: Bakkavor defends Bourne job cuts
Bakkavor, an own-label supplier to UK retailers, has defended plans to cut jobs at a fresh produce site in the country.
UK: Birds Eye Iglo swings to loss in 2009
Frozen-food group Birds Eye Iglo run up losses of over GBP202m (US$319m) in 2009 as finance costs hit the UK-based firm’s bottom line.
UPDATE: US: Food labels should focus on four elements – IOM
Food sold in the US should carry front-of-pack nutrition labels that focus on four elements – calories, saturated fat, trans fat and sodium – a leading health body said today (13 October).
FRANCE: Groupe Doux appeals to retailers as grain costs bite
French poultry giant Groupe Doux has urged retailers to act “responsibly” in the face of rising grain costs after talks with two grocers to increase prices stalled.
