Justin King announcing he was checking out of Sainsbury’s after a decade in charge of the UK grocer led this week’s industry headlines. Staying in the UK, Premier Foods sold control of its bread arm to US private-equity firm Gores Group, while Chobani vowed to go to the country’s Supreme Court after another negative ruling in its labelling battle with Fage. And just-food filed reports both from India’s annual Food and Grocery Forum and the global confectionery trade show ISM in Germany.
On the move: Sainsbury’s hopes for smooth transition as King bows out
UK retailer Sainsbury’s announced this morning (29 January) chief executive Justin King will leave the company after ten fruitful years at the helm. In his successor, commercial director Mike Coupe, Sainsbury’s appears to be looking for a smooth transition – and more of the same on the strategy front. Katy Askew reports.
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JAPAN: Maruha Nichiro employee arrested, execs resign over recall
A worker at Maruha Nichiro Holdings, the Japanese company at the centre of a recent food recall, has been arrested and the recall expanded in the wake of news the malathion contamination scare is believed to be the result of deliberate tampering.
In the spotlight: Premier Foods aims to bring home bread with Hovis JV
Premier Foods plc announced earlier this week that it will establish its bread business as a standalone joint venture, in which US private equity firm Gores Group will hold a majority stake. The company clearly hopes that – in conjunction with its new partner – it will be able to rejuvenate its the struggling bakery unit. Nevertheless, a number of challenges lie ahead for the heavily indebted UK food major. Katy Askew reports.
Sustainability Watch – The GMO labelling debate in the US
Having witnessed an unprecedented level of discussion in the US over the past year or so, the labelling of genetically modified foods is set to become an even more hotly and frequently debated subject stateside in the coming year. Ben Cooper reports.
UK: Chobani to take Greek yoghurt case to Supreme Court
US-based yoghurt firm Chobani has vowed to take its battle over the term ‘Greek’ yoghurt in the UK to the country’s Supreme Court.
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By GlobalDataISM 2014: Chocolate group Natra eyes UK growth
Spain-based chocolate group Natra is eyeing a jump in UK sales after opening a dedicated office for the country in London.
BRICs and beyond: Local factors hindering grocery retail in India
Poor logistics, including a lack of infrastructure and trained manpower, keep modern branded food retail from actualising its potential in India, industry experts have warned.
SOUTH AFRICA: Unilever plant enters tenth day of strikes
A Unilever plant in South Africa has entered a tenth day of industrial action as 220 staff refuse to return to work due to a dispute over pay.
just-food’s outlook for 2014
The just-food team analyses the key issues in M&A, international grocery retail and sustainability facing the food industry this year.
