Fonterra this week announced plans to cut over 500 jobs as it adjusts to a slump in prices of dairy commodities, caused in part by falling demand in China. And Mead Johnson this week lowered its forecast for annual profits, with the slowdown in China's economy a factor.
"Reducing the number of roles in our business isn’t about individual competency; it is about continually improving the way we deliver performance" – Fonterra CEO Theo Spierings outlines why the world's largest dairy exporter is cutting jobs.
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"The evidence is stark – too much sugar is harmful to health and we all need to cut back" – Professor Ian Macdonald, chair of the Scientific Advisory Committee on Nutrition (SACN), spells out why the advisory panel to the UK government has caused for guidance on sugar intake to be halved.
"Blue Bell is the quality leader in the ice cream industry. We believe quality is the principle attribute that ensures the success, growth and longevity of a business" – US billionaire Sid Bass explains his investment in under-pressure US firm Blue Bell Creameries.
"The problem is that the brand name Lean Cuisine boxes the brand into the dieting realm and all of the negative connotations that come with it" – Tom Vierhile, an analyst at Datamonitor Consumer, is sceptical about Nestle's move to reposition US brand Lean Cuisine.
"I am confident that we will be recording sequential sales growth in China by the end of the year" – Mead Johnson CEO Kasper Jakobsen is positive about the outlook for the infant formula group in China despite challenges there being a factor in a cut to the company's forecast for annual profits.
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By GlobalData"The Mama Mary’s brand complements very well our existing portfolio of brands, including our Don Pepino pizza sauce" – B&G Foods president and CEO Bob Cantwell on the US group's acquisition of Mama Mary's owner Spartan Foods of America.
"We were so far not able to come to a result in current negotiations with around ten suppliers from a total of around 5,000 suppliers. Therefore, these suppliers have unfortunately decided currently not to supply us" – German grocer Real gives its take on its dispute with a clutch of suppliers – including Dr Oetker – over prices.
"We thought we were very aggressive with our 8% organic growth [forecast]. The 9.4% is literally phenomenal in a very depressed chocolate market in 1H, especially when assuming that 85%-90% of that was volume growth" – Bank Vontobel analyst Jean-Philippe Bertschy praises Lindt & Sprungli's sales performance in the first half of the year.
