This week, Chobani refuted claims its CEO Hamdi Ulukaya is being pushed out of his position. Elsewhere, Tesco announced outlined a new strategy, expected to have a profound impact on suppliers. Findus acquired Nestle’s Spanish frozen food business La Cocinera and HKScan announced it was axing 95 jobs across two of its sites in Denmark. Here is the week in quotes.
“We’ve had an active, operationally based CEO search underway to partner with our founder and owner and, while we have several exciting, qualified candidates, no decision has been made” – Chobani rejects reports its CEO Hamdi Ulukaya is being pushed out of the company, insisting he is leading the search for a new chief exec.
“I don’t know exactly what caused the delay. I do know that the rule sat at the Department for several months before being sent to OMB in late November. OMB could have expedited the rule but chose not to for some reason, despite our urging that they do so” – Chris Waldrop, director of the Food Policy Institute of the Consumer Federation of America comments on news the government has failed to finalise plans for labels to be placed on mechanically tenderised beef.
“In light of Bumble Bee’s recent acquisition by Thai Union, the company plans to review its Samoa factory initiative with the new ownership group,” – Bumble Bee Foods CEO Chris Lischewski tells just-food the firm is reconsidering plans to launch a plant in Samoa.
“We’ve made the change. We’ll communicate the change. It is in store today. This is a significant move from us in terms of brands’ unit pricing and not promoting” – Tesco CEO Dave Lewis announces a shift from promotional pricing to every day low prices on key lines in a bid to boost sales and compete with discounters.
“We have set ourselves the challenge of returning to profitability and a key part of this is growing the demand for our products all year round – not simply at Christmas. This strategy has begun to bear fruit and we will be effectively and profitably utilising the capacity at our Great Witchingham site” – Turkey processor Bernard Matthews CEO, Rob Burnett, announces plans to boost capacity at its Norfolk site on the back of growing demand.
“Findus, dedicated to the preparation of frozen products, will have thanks to this acquisition…its first production of ready meals in Spain” – Findus announces the acquisition of Nestle’s Spanish frozen ready meals business La Cocinera.
Having considered the skills, knowledge and experience of Mr. Lu, the Yashili board considered that it will be in the best interests of the company and the Yashili shareholders as a whole to appoint Mr. Lu as the new CEO” – Yashili appoints Jeffery Minifang Lu, chairman of Danone’s early life nutrition business in Greater China, as CEO.
“We see strong growth in the premium segment in coming years and we think these two brands are best positioned to prosper as consumers trade up to better quality” – Gregg Kelley, CEO of California Olive Ranch comments on the acquisition of Lucini Italia from Molinos Rio de la Plata, a move which allows it to enter the sauce, vinaigrette and vinegar categories.
“The government is committed to protecting the health of infants and young children. With a view to achieving this aim, this consultation document puts forward a proposal for a regulatory framework on nutrition and health claims for formula products and IYC [infant and young children] foods” – Hong Kong’s Food and Health Bureau has launched a public consultation on proposals for stricter oversight of health claims made on foods aimed at infants and young children.
“We need to adjust our production capacity in line with market demand. At the same time, cost reductions are required…We are confident that by realising the plan, we can improve capacity utilisation and create a competitive cost base and new opportunities for profitable growth” – Anders Jeppesen Jensen, general manager of HKScan Denmark comments as the group announces 95 jobs could go in a restructure of two of its sites in Denmark.