Heinz dominated the headlines this week, when the Pittsburgh-based ketchup maker unveiled expansion plans and hinted that it might be interested in acquiring the Campbell Soup Co. Just-food’s top ten facts on Indian retailing proved popular with readers, following hot on the heels of news that Tesco is planning a foray into India. Pilgrim’s pride revealed that it plans to close two plants and food safety again came under the microscope. Meanwhile, in news from Australia, the Dairy Farmers sale saga continued and there was further criticism of the inquiry into the grocery sector. These were the ten most read stories on just-food this week.
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US: Heinz unveils two-year growth plan
Ketchup maker HJ Heinz has unveiled its new ‘High Performance Plan’ which aims to drive sales growth of 6% per annum during the next two years.
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Heinz has signalled that it is on the acquisition hunt, having built up a sizeable war chest to fuel growth. At yesterday’s (13 August) AGM, the Pittsburgh-based ketchup maker hinted that US soup giant Campbell Soup Co could be one of the targets in its sights.
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By GlobalDataUK: Heinz invests in 13 additions to soup range
Heinz is investing GBP2.5m (US$4.7m) and adding thirteen new varieties to its soups range this autumn.
Tesco sets the stage for Indian expansion
Tesco has unveiled plans to enter the Indian retail market by establishing a wholesale business in Mumbai. The UK-retailer has also inked a deal to help expand Tata_Group’s hypermarket chain Star Bazaar. While Tesco’s level of investment remains relatively small, the move clearly sets the stage for future expansion into India’s burgeoning organised retail sector.
India has attracted increasing attention from multinational retailers in recent years. Alongside China, India is viewed as one of the top economic powerhouses of Asia, generating 19.8% of the Asia-Pacific region’s food retail value. While India’s organised retail market is still in its infancy it offers huge potential for expansion.
UK/IRELAND: Meat processor tenuously linked to salmonella outbreak
Irish meat processor Dawn Farm Foods has voluntarily withdrawn a number of its products after suggestions that it might be linked to an outbreak of salmonella in the UK and Ireland.
US: Pilgrim’s Pride closes two plants, 600 jobs lost
In an attempt to boost profitability, struggling chicken manufacturer Pilgrim’s_Pride has unveiled plans to stop production at two processing plants in Arkansas and Louisiana.
AUST: Independents speak out against unit pricing
Independent supermarkets will find it difficult to compete with the multiples if unit pricing is introduced, the Australian Senate was told today (11 August).
AUST: Murray Goulburn launches “solo Dairy Farmers bid”
Following last week’s collapse of its joint bid with Parmalat for Dairy_Farmers, Murray Goulburn is rumoured to be preparing to launch a solo bid for the Australian dairy cooperative.
UK: Aldi brands equal big brands – research
German discount retailer Aldi has said that independent research out today (13 August) supports its claim that its own-brand foods are “as good” as well-known household brands.
