UK retail was somewhat shaken this week by the news that Asda boss Andy Bond will step down as its CEO. Just three days on, Bond, who is staying at the UK arm of Wal-Mart, outlined ambitious growth plans for the market over the next five years.
What will the recovery mean for organic in the UK?
As the UK economy recovers, albeit slowly, there are signs that consumer behaviour is returning to “normal”. There are questions, however, over how the organic food sector will arrest a slump in sales.
In the spotlight: Bond bows out as Asda boss
In a shock announcement today (12 March), Wal-Mart revealed that Andy Bond is stepping down as chief executive of Asda.
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SWITZ: Emmi to buy local cheese firm Fromalp
Swiss dairy group Emmi this morning (13 April) announced plans to buy local cheese maker Fromalp.
POLAND: Kraft to retain some Cadbury candy, gum assets
Kraft Foods has insisted the company will hang on to a clutch of the Polish assets it acquired when it bought Cadbury.
UK: UK profits cheer Uniq but pension costs weigh
UK food group Uniq today (15 April) hailed the development of a profitable domestic business in 2009 but saw its losses grow on rising pension costs.
RUSSIA: X5 boss outlines US$620m expansion war-chest
X5 Retail Group, Russia’s largest retailer by sales, plans to spend RUB18bn (US$619.2m) on expansion this year after meeting its revenue target last year.
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By GlobalDataOn the money: Danone withdraws Actimel, Activia claims
Danone has withdrawn two scientific health benefit claims for its Activia and Actimel products ahead of a meeting with the European Food Safety Agency (EFSA) in June.
UK: Ambitious Asda outlines food expansion plans
Asda, the UK arm of Wal-Mart, said today (15 April) that it plans to open 100 small supermarkets over the next five years in a bid to become the “clear” number two food retailer in the country.
FRANCE: Carrefour upbeat as Q1 sales grow
French retail giant Carrefour struck an upbeat note this afternoon (15 April) as it revealed that first-quarter sales rose by 2.3%, excluding petrol.
UK/NETHERLANDS: Former Nestle exec to head Unilever North America
Anglo-Dutch consumer goods giant Unilever has appointed former Nestle executive Eugenio Minvielle to oversee the company’s North American businesses.
