BRICs and beyond: Hsu Fu Chi could sweeten Nestle’s Chinese business
A normally reticent Nestle this week admitted its interest in Chinese confectioner Hsu Fu Chi. The Singapore-listed firm is one of China’s largest confectioners and, as Dean Best reports, analysts see the company’s distribution in China and knowledge of local consumer habits as key factors in why the world’s largest food maker could move for the business.
EU: MEPs back new food labelling laws
MEPs today (6 July) voted in favour of new laws on how food is labelled throughout the EU, a move they claimed will benefit both consumers and the food industry.
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Diniz and Naouri use media to stake their claims
The men leading the two warring shareholders in Brazil’s largest retailer – also known by its trading name of Grupo Pao de Acucar – have both given high-profile interviews to set out what they think of the proposal to merge the company with Carrefour’s local operations.
Talking shop: UK makes slow progress on grocery adjudicator
Despite being recommended by an Office of Fair Trading inquiry in 2008, the UK is still awaiting the establishment of an ombudsman to police the relationship between supermarket chains and their suppliers. The Government has now introduced a draft bill that would see the creation of a Grocery Market Adjudicator but campaigners say it is dragging its feet and being influenced by retail industry lobbying. Ben Cooper reports.
GLOBAL: Codex ruling to open new markets for stevia – PureCircle
Stevia supplier PureCircle has argued that new “important” markets will open for the high-intensity sweetener after a positive ruling global food standards body Codex.
UK: Blackstone buys stake in Tangerine Confectionery
Private-equity firm Blackstone has acquired a stake in Tangerine Confectionery, the UK business behind brands like Butterkist popcorn.
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By GlobalDataCHINA: Auchan’s Chinese venture outlines ambition
Sun Art Retail Group, the Chinese venture of French retailer Auchan, is looking to strengthen its position as the country’s largest hypermarket operator.
SOUTH AFRICA: Pick n Pay plans more than 3,000 redundancies
South African retailer Pick n Pay has revealed plans to make more than 3,000 staff redundant.
On the move: Challenges lie ahead for new Asda COO McKenna
Judith McKenna’s rise to COO of Asda has been welcomed by the industry but, with the retailer facing a series of challenges, including declining market shares, the role is set to be a challenging one.
UK: Premier Foods investors “seek immediate replacement” for Schofield
A group of Premier Foods plc shareholders have reportedly called for chairman Ronnie Bell hasten the search for a replacement for CEO Robert Schofield following last week’s profit warning from the UK firm.
