The last five days on just-food have seen a Sainsbury’s potato buyer arrested for accepting backhanders, UK cereal firm Dorset Cereals sold off to local peer Wellness Foods and Dave Brooks, CEO of cake maker Finsbury Food Group tell us about the company’s growth plans. Elswhere, figures in the US suggest consumers are making fewer shopping trips to save money, while global consumer groups are joining forces to launch an advertising code in a bid to combat child obesity. Here are the most popular stories on just-food this week.
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US: Consumers making fewer shopping trips – figures
US consumers are making fewer shopping trips as the economic downturn bites, according to research published today (17 March). Consumers are looking for ways to combine errands and save money, Nielsen said.
UK: Sainsbury’s arrest in “potato bungs” scandal
A buyer at Sainsbury’s, the UK’s third-largest retailer, has been arrested over allegations of accepting backhanders from a potato supplier. John Maylam has been arrested after allegedly receiving payments from Greenvale, which supplies around 45% of Sainsbury’s potatoes.
UK: Dorset Cereals sold to Wellness Foods
Dorset Cereals, the UK cereal maker, has been bought by Wellness Foods, a health food group backed by horseracing tycoons JP McManus and John Magnier. Previously owned by Langholm Capital, who funded a management buy-in in April 2005, Dorset Cereals was reportedly bought for GBP50m ($101m).
GLOBAL: Consumer groups launch ad code
Consumer groups around the world have urged food and drink manufacturers to further curb their marketing of junk food in a fresh bid to combat child obesity. Consumers International, an NGO that represents consumer bodies in 115 countries, and the International Obesity TaskForce (IOTF) have drawn up a code for marketing products high in fats, sugar and salt (HFSS).
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By GlobalDataJust the Answer – Dave Brooks, Finsbury Food Group
Finsbury Food Group, the UK cake maker, has thrived despite soaring commodity costs and growing concern among consumers over following a more balanced diet. Chief executive Dave Brooks told Dean Best about the reasons behind the success of the business and why he believes Finsbury is well-placed to grow despite an ever-more turbulent operating environment.
