It’s been a busy week for just-food with the team in attendance at the IFE at London’s ExCel, and then at the Retail Week Conference. Coverage from both events proved popular among readers. Elsewhere, Wal-Mart relaunched its value range, while French retailers agreed to lower food prices. On the M&A front, Ireland’s Kerry Group won court approval for its Breeo Foods buy, while Sadia admitted it was in talks with fellow Brazilian meat firm Perdigao.
These were the top stories on just-food this week.
UK: Tesco, Sainsbury’s defend own-label push
Tesco and Sainsbury’s today (18 March) defended their campaigns encouraging UK consumers to turn to own-label products to save money.
UK: Regulation needed to drive green push – M&S, Co-op
Government regulation is needed to encourage businesses and consumers to act in a sustainable way, two of the UK’s leading retailers told an industry conference in London today (19 March).
(For more coverage of the Retail Week Conference, click here).
IFE LIVE: Organic “holding its own” – Soil Association
Demand for organic food in the UK is holding up despite the recession, industry watchers said today (17 March) and there are signs sales will grow in the future.
IFE LIVE: UK insists export promo framework in place
UK food and drink makers can still Target growth in export markets despite the imminent end of promotional body Food From Britain, government and industry officials said today (16 March).
(And for more IFE news and blogs, click here).
US: Wal-Mart revamps value brand
US retail giant Wal-Mart has announced a revamp of its Great Value private-label brand in the US.
US: Boardroom battle brewing at Target
Activist investor Bill Ackman has sparked a boardroom battle at US retail group Target by nominating himself and four others for election to the company’s board.
FRANCE: French retailers agree to lower food prices
French retailers have agreed to lower prices on certain products in 2009, the junior minister for industry and consumer affairs Luc Chatel has said.
IRELAND: High Court approves Kerry’s Breeo buy
Ireland’s High Court has overthrown the Irish competition authority’s move to block Kerry Group’s acquisition of Breeo Foods.
BRAZIL: Meat firms Sadia, Perdigao mull tie-up
Brazil-based meat giant Sadia has revealed that it is mulling a tie-up with local rival Perdigao.
SWITZ: Lindt warns 2009 profits likely to fall
Upmarket chocolate maker Lindt & Sprungli warned today (17 March) that its profits would tumble this year as the downturn hits demand for high-end chocolate.