The week before Easter saw ARYZTA surprise the market with news of its plan to buy 49% of French frozen food retailer Picard. M&A speculation surrounded Mondelez International, which was reported to be considering the sale of its rights to the cream cheese brand Philadelphia. Mondelez had a bad end to the week after being charged with manipulating wheat prices.

In the spotlight: Aryzta's surprise investment in French retailer Picard
Bakery giant Aryzta got the market speculating over its next move when, just a week ago, it announced plans to sell shares in Ireland-based agribusiness Origin Enterprises. But what has been the reaction to its planned investment in French frozen food retailer Picard?

Mondelez coy on Philadelphia sale rumours

Mondelez International has declined to comment on speculation it is planning on offloading the Philadelphia cheese brand, which it owns outside the US and Canada.

Kraft, Mondelez charged with rigging wheat prices
Kraft Foods Group and Mondelez International have been charged with manipulating wheat futures and cash wheat prices.

Real Good Food "examining options" for sugar arm
Real Good Food Co. has said it is "examining options" for its poorly performing sugar business Napier Brown.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

See Also:

Glanbia quits PZ Cussons Nigeria venture
Glanbia has decided to quit Nigerian dairy business Nutricima, selling its 50% stake in the venture to partner PZ Cussons for GBP21m (US$31.2m).

Gruma buys rival Azteca's European assets
Mexican food group Gruma is to buy the European arm of US-based peer Azteca Foods for EUR45m (US$48.3m).

Mitusbishi Corp. forms Myanmar JV
Japanese conglomerate Mitsubishi Corp. has invested in Myanmar's Capital Diamond Star Group to manufacture and distribute food in the market and regionally.

M&A Watch: Where could pure-play Wessanen pounce?
After selling US drinks business American Beverage Corporation earlier this month, Dutch food group Wessanen has completed its plans to be a pure-play healthy and sustainable foods group. Our M&A columnist Stefan Kirk says Wessanen has the balance sheet to make more acquisitions in food and surveys the market for targets.

Briefing: The Middle East: Interview: Camelicious on potential for camel milk
Camel milk – a staple food in the Middle East that dates back centuries – is gaining traction worldwide thanks to the touting of its many health properties. In an interview with Hannah Abdulla, deputy general manager of Dubai-based Emirates Industry of Camel Milk Products, Mutasher al Badry, speaks about the potential of the sector and his hopes of camel milk replacing other milk options.

just-food's pick: Top ten on-trend products at IFE 2015
UK trade expo IFE has become a key date for smaller, domestic companies looking to build distribution at home and further afield – and gives international businesses a chance to increase awareness of their wares here. Last week, just-food visited this year's event at the ExCel centre in London's Docklands and chose the products it feels could carve out a niche.