Kraft Foods’ patient pursuit of Cadbury this week paid off as the US food giant secured the backing of the UK confectioner’s board after tabling a higher takeover offer. The proposed acquisition of Cadbury has been met with raised eyebrows on both sides of the pond, but the deal will make Kraft the world’s largest confectioner. Meanwhile, in the US, Hormel Foods snapped up the Country Crock side dish business from Unilever and, in the UK, egg giant Noble Foods has added to its dessert business with a majority stake in Gu. And, elsewhere, Tesco and Carrefour hinted at further expansion in India. These are the most popular stories in just-food this week.
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UK: Cadbury to be taken over by Kraft Foods
Cadbury looks set to be taken over by Kraft Foods after the UK confectioner’s board approved an increased offer from the US food giant this morning (19 January).
UK: Morrisons momentum continues over Xmas
Morrisons today (21 January) claimed it had “beat” its UK retail rivals over Christmas after posting a 6.5% rise in like-for-like sales.
INDIA: Tesco plans first cash-and-carry this year
Tesco has confirmed that it plans to open its first wholesale cash-and-carry outlet in India this year.
FRANCE: Carrefour “nearing” India partnership
French supermarket group Carrefour is reportedly nearing an agreement with India’s largest retailer, Pantaloon Retail.
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By GlobalDataUS: Target eyes international growth
US retailer Target Corp. plans to drive growth in the next five to ten years by opening new stores and new formats in domestic and international markets.
US: Hormel to acquire Unilever side dish business
US food group Hormel Foods has entered into an agreement to acquire the Country Crock chilled side dish line from Unilever.
US: Arla Foods to enter RTD coffee category
Danish dairy giant Arla Foods is to enter the ready-to-drink (RTD) coffee category as part of a joint venture with Starbucks.
UK: Noble secures majority stake in Gu
Noble Foods, the UK’s largest egg producer, has struck a long-awaited deal to buy a majority stake in upmarket puddings maker Gü.
UK: Mars to slash saturated fat content
Mars Inc is to cut the levels of saturated fat in a number of its chocolate bars in the UK by “at least” 15%.
UK: Online grocery shopping to double in five years
Online grocery sales in the UK are expected to double by 2014, according to research by industry analysts IGD.
