Tesco wants to run hypermarkets through venture with Indian conglomerate Tata Group

Tesco wants to run hypermarkets through venture with Indian conglomerate Tata Group

Tesco and Hershey grabbed the headlines in the last full week before Christmas with potential moves to bolster their businesses in India and China respectively. Beijing, meanwhile, has announced plans to investigate the price of agricultural commodities to try to encourage stability in prices. Horsemeat hit the news again with arrests in France over claims horses tested on in labs have entered the food chain.

INDIA: Tesco bids to run multi-brand outlets
Tesco has set out a plan to become the first foreign retailer in India to run multi-brand outlets, with an application to invest in local operator Trent Hypermarket.

CHINA: Hershey to buy 80% of Shanghai Golden Monkey
Hershey has struck a deal to buy 80% of Chinese confectioner Shanghai Golden Monkey Food Joint Stock Co.

CHINA: Beijing to probe price of agricultural products
China's pricing regulator plans to investigate the pricing of various agricultural products - including pork, vegetable oil and sugar - in a bid to promote price stability.

FRANCE: Arrests after "horsemeat from lab horses enters food chain"
Police in France has uncovered an alleged trafficking ring for meat from hundreds of horses used for laboratory purposes that found their way into the human food chain.

AUS: Bega Cheese to drop out of WCB race
Australian dairy processor Bega Cheese, which kicked off the takeover battle for local peer Warrnambool Cheese and Butter Factory, is to walk away from the table and close its offer.

US: General Mills profits miss Wall St forecasts
US food group General Mills saw its shares fall today (18 December) after the Yoplait owner booked second-quarter earnings that were below Wall Street forecasts.

FRANCE: Carrefour buys European mall business
French retail giant Carrefour has said it will buy 127 shopping malls in France, Spain and Italy from real estate group Klepierre for EUR2bn (US$2.75bn).

SPAIN: Pescanova board backs Damm-led bid
Pescanova's board has given its approval to a takeover bid for the Spanish seafood group from a consortium including local brewer Grupo Damm and three private-equity firms.

UK: Majority of UK households visit Aldi, Lidl - Kantar
Over half of the UK's households have visited either an Aldi or a Lidl in the last 12 weeks, data from Kantar Worldpanel showed today (17 December), underlining the inroads the discounters have made into the country's grocery market.

just-food's review of 2013
From horsemeat to Heinz and from the flurry of M&A in baby food to the continued rise of gluten free, just-food rounds up the stories and issues that dominated the global food industry in 2013.