Once again, Kraft Foods’ pursuit of Cadbury grabbed your attention this week and the US food giant has filed its offer documents to the Dairy Milk maker’s shareholders. United Biscuits and Nestle have revealed plans to expand further in India, while in another emerging market, Russia, X5 Retail Group defied the country’s gloomy economy with its own plans for expansion. Meanwhile, retail giant Delhaize announced a “new game plan”, designed to cut costs, boost profits and drive its business in markets from Greece to Indonesia. These are the top ten stories on just-food this week.
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US/UK: Kraft sends offer to Cadbury investors
Kraft Foods has sent details of its takeover bid directly to Cadbury shareholders today (4 December) – with the US food giant’s boss Irene Rosenfeld insisting the offer is in the “best interests” of both companies’ investors.
INDIA: United Biscuits gears up to enter India
UK biscuit manufacturer United Biscuits is preparing to enter India, where the group plans to manufacture and market biscuits for Asia’s third-largest economy.
INDIA: Nestle confirms interest in Speciality Foods unit
Nestle India has confirmed that it is mulling a proposal that would see the company take ownership of the healthcare and nutrition business of Speciality Foods.
US: 7-Eleven eyes NY expansion
7-Eleven intends to expand its presence in New York City, with the aim of opening 100 outlets in Manhattan in the next five years.
In the spotlight – Delhaize eyes top-line gains
The launch of Delhaize’s “new game plan” has been widely welcomed by the market and the Belgium-based retailer’s share price has responded accordingly.
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By GlobalDataRUSSIA: X5 outlines US$615m expansion plan
X5 Retail Group, Russia’s largest retailer by sales, has revealed plans to spend RUR18bn (US$615.8m) on opening up to 275 stores in 2010.
UPDATE: UK: Milk price flak factor in First Milk boss exit
Criticism over the prices UK dairy co-op First Milk was paying its suppliers was a key reason for chief executive Peter Humphreys’ decision to leave the business, just-food can reveal.
UK: Waitrose makes palm oil commitment
UK retailer Waitrose has become the latest retailer to make a commitment to use certified sustainable palm oil (CSPO).
FRANCE: Lactalis could move again for Entremont
Lactalis could be set to come back into the race for the takeover of struggling French counterpart Entremont Alliance.
US: Agropur expands its US presence
Canadian dairy cooperative Agropur has acquired Iowa-based cheese producer Green Meadows Foods.
