The EUR2.6bn (US$2.83bn) sale of European frozen food giant and Birds Eye owner Iglo Group grabbed the headlines this week – and we looked at where the new owners – Nomad Holdings – could look next. Blue Bell Creameries, the US ice cream maker linked to a fatal listeria outbreak, was in the spotlight for very different reasons, pulling all its products from the market after fresh tests.
M&A Watch: Nomad's post-Iglo opportunities
Nomad Holdings, the recently-established, UK-listed company set up by FMCG veterans Martin Franklin and Noam Gottesman to buy consumer goods firms, made its first move this week with the acquisition of European frozen food supplier Iglo Group. Stefan Kirk, just-food M&A columnist and advisor at Glenboden, weighs up where Nomad could move next.
Go deeper with GlobalData
On the money: Hershey's long-term confidence on China
Confectionery giant Hershey saw sales in China come under pressure in the first quarter of 2015, a result of the government crackdown on gifting and macro-economic factors in the country. Hershey does not expect to turn this around soon, but insists it is putting the "right" things in place to secure its long-term growth in China. Hannah Abdulla reports.
Editor's viewpoint: PepsiCo's Nooyi underlines the challenge on health
PepsiCo yesterday (22 April) reported a set of solid underlying first-quarter results. But it was away from the numbers that the US food and drinks giant stirred more interest, with Indra Nooyi's comments on the need to adapt to the changing ways consumers define health attracting attention.
Blue Bell pulls all ice cream on listeria tests
Blue Bell Creameries, the US ice cream firm linked to a fatal listeria outbreak, has pulled all of its products from the market after fresh tests found more contaminated products.
See Also:
Tesco delists Rachel's Organic yoghurt range
Lactalis-owned UK dairy business Rachel's Organic has confirmed supermarket Tesco has delisted its yoghurt range.
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