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Katie Smith

MEXICO: Costs, late Easter weigh on Walmex profits

23 April 2014 | Katie Smith

Retailer Wal-Mart de Mexico, known locally as Walmex, has blamed higher expenses and a shift in the timing of Easter for a 4.5% drop in first-quarter profits.... read more


US: Target Corp axes 475 jobs globally

27 January 2014 | Katie Smith

US retailer Target Corp has become the latest retailer to cut jobs, with the announcement it is laying off around 475 employees globally. ... read more


INDIA: Q3 sales jump at Reliance Retail

20 January 2014 | Katie Smith

Reliance Retail, the retail arm of Indian conglomerate Reliance Industries, has recorded a 38% jump in third-quarter turnover.... read more


INDIA: Reliance Retail posts 41% hike in H1 turnover

22 October 2013 | Katie Smith

Reliance Retail, the retail arm of industrial conglomerate Reliance Industries, has recorded a 41% hike in first-half turnover.... read more


US: Family Dollar sales flat, outlook cautious

9 October 2013 | Katie Smith

Shares in Family Dollar Stores fell today (9 October) after the US discounter reported flat underlying sales.... read more


INDIA: Wal-Mart, Bharti to go it alone in India

9 October 2013 | Katie Smith

Wal-Mart Stores is to buy out Indian venture partner Bharti Enterprises, ending the speculation over the future of the business.... read more


US: Dollar General posts Q2 profit growth

5 September 2013 | Katie Smith

US discounter Dollar General posted a "solid" performance during its second quarter, with both net profit and sales growing on the back of increased traffic in its stores.... read more


US: Morinaga expands with first US Hi-Chew plant

4 September 2013 | Katie Smith

Japanese confectioner Morinaga is to open its first Hi-Chew production facility in the US to meet increasing demand, in a move that will create 90 jobs over a three-year period.... read more


UPDATE: GERMANY: Odenwald Früchte eyes more M&A after FrieslandCampina brand deal

4 September 2013 | Katie Smith

German food company Odenwald Früchte has said it is looking for further opportunities to strengthen its business, following the acquisition of dairy brands Mark Brandenburg and Milchreiter from FrieslandCampina.... read more


Interview: Raisio targets emerging markets in Benecol push

4 September 2013 | Katie Smith

Finnish food group Raisio is looking to expand the presence of its Benecol brand in emerging markets, with South America and Asia at the forefront. The company today (4 September) launched its Benecol yoghurt drinks in Hong Kong. Katie Smith spoke to Mikko Laavainen, vice president of Raisio's licensed brands, who outlined the group's mid- to long-term growth strategy for the Benecol business.... read more


THAILAND: Cargill to upgrade Saraburi poultry processing site

4 September 2013 | Katie Smith

US agribusiness giant Cargill is investing THB300m (US$10m) in upgrading its poultry processing facility in Saraburi, Thailand, with completion expected for July 2014.... read more


UK: Muller acquires UK operations of dairy group Nom

4 September 2013 | Katie Smith

German dairy giant Unternehmensgruppe Theo Müller has acquired the UK operations of Austrian rival Nom, as it looks to expand its presence in the country's private label yoghurt market.... read more


GERMANY: FrieslandCampina sells dairy brands to Odenwald Früchte

4 September 2013 | Katie Smith

FrieslandCampina is to sell two of its German dairy brands, Mark Brandenburg and Milchreiter, to local firm Odenwald Früchte for an undisclosed sum.... read more


HONG KONG: Raisio launches Benecol yoghurt drinks in Hong Kong

4 September 2013 | Katie Smith

Finnish food group Raisio has today (4 September) launched its Benecol yoghurt drinks in Hong Kong, as part of efforts to expand in the BRIC countries.... read more


CHINA: Sun Art Retail looks online for further growth

16 August 2013 | Katie Smith

Chinese retail giant Sun Art Retail Group is to launch a home delivery service in the fourth quarter, as part of efforts to capture further growth in the world's biggest food and grocery market.... read more


US: Campbell faces lawsuit over Healthy Request soup

16 August 2013 | Katie Smith

Campbell Soup Co. and the American Heart Association (AHA) have been sued for allegedly making false claims on the company's Healthy Request soup labels.... read more


US: Trident Seafoods to build plant in Georgia

16 August 2013 | Katie Smith

US processor Trident Seafoods is to invest US$41m in a new seafood processing plant in Georgia, creating 175 jobs.... read more


NORWAY: Salmon producers sign sustainability pledge

16 August 2013 | Katie Smith

Fifteen farmed salmon producers, representing 70% of the global industry, have joined forces have pledged to make their businesses more sustainable by tackling issues including biosecurity and sourcing.... read more


AUS: Freedom Foods launches free-from quinoa milk

16 August 2013 | Katie Smith

Freedom Foods Group, the Australian free-from cereal and snacks firm, has expanded its product range with the launch of a long-life non dairy quinoa-based milk.... read more


INDIA: Reliance Retail Q1 sales up

22 July 2013 | Katie Smith

Reliance Retail, the retail arm of Indian conglomerate Reliance Industries, has reported "strong" first-quarter sales growth. ... read more


HORSEMEAT: Ahold, Metro Group pulls horsemeat products

14 February 2013 | Katie Smith

German retailer Metro Group and Dutch peer Ahold are among the latest firms to recall products after admitting certain lines contained horsemeat.... read more


UK: Aunt Bessie's adds to side dishes range

14 February 2013 | Katie Smith

Aunt Bessie's has added to its range of frozen accompaniments in the UK with the launch of four new side dishes.... read more


US: Meijer to invest $160m into stores, 1,500 new jobs

14 February 2013 | Katie Smith

US retailer Meijer is to invest US$160m in new and existing stores this year, creating 1,500 jobs.... read more


CANADA: Saputo Q3 profit up on sales increase

14 February 2013 | Katie Smith

Canadian dairy firm Saputo has reported a rise in third-quarter profits on the back of rising sales and a better product mix.... read more


US: Overhill Farms Q1 profit slides

14 February 2013 | Katie Smith

US frozen-food firm Overhill Farms has seen its first-quarter profits slide after a shift in product mix, less favourable commodity prices and increased costs weighed on margins.... read more


HORSEMEAT: Bute found in eight carcasses in UK

14 February 2013 | Katie Smith

The UK Food Standards Agency (FSA) has found traces of potentially harmful horse drug phenylbutazone in eight horses slaughtered in the UK - and warned six may have entered the French food chain.... read more


UK: BRC names Dickinson director general

24 August 2012 | Katie Smith

The British Retail Consortium (BRC) has announced a series of senior appointments, with former UK head of retail at KPMG, Helen Dickinson, taking the helm as director general.... read more


INDIA: Finance costs hit Q4 profits at retailer Pantaloon

13 August 2012 | Katie Smith

Pantaloon Retail, India's largest retailer, has posted a 79% fall in fourth-quarter profits despite booking a rise in sales.... read more


US: Symrise H1 profit up, reaffirms FY guidance

10 August 2012 | Katie Smith

Food ingredients group Symrise has posted an increase in half-year profits, boosted by the company's positive performance in North America.... read more


CHINA: Feihe International H1 profit up as revenue fall

9 August 2012 | Katie Smith

Chinese infant formula manufacturer Feihe International has today (9 August) booked an increase in half-year net profits, despite posting a drop in revenue.... read more


What the analysts say – The verdict on Nestle's H1

9 August 2012 | Katie Smith

Nestle, the world's largest food manufacturer, today (9 August) reaffirmed its full-year profit guidance after posting an 8.9% jump in net profit and a 7.5% increase in sales. On the whole, analysts remained equally positive about the results, which they said, remained in-line with expectations.... read more


CANADA: Metro Q3 profit up after sales rise

9 August 2012 | Katie Smith

Canadian retailer Metro Inc has today (9 August) posted a rise in third-quarter net profits on the back of increased sales.... read more


CANADA: High Liner H1 profits plummet on acquisition costs

9 August 2012 | Katie Smith

Canadian seafood processor High Liner Foods saw its in half-year net profit plummet on the back of costs related to the acquisition of Icelandic Group.... read more


CHINA: Zhongpin H1 profit slumps despite sales rise

9 August 2012 | Katie Smith

Chinese meat processor Zhongpin saw its half-year net profits slump 36% despite posting a rise in revenues.... read more


UK: Unilever moves Knorr into dry sauces market

9 August 2012 | Katie Smith

Unilever has launched a range of Knorr premium dry sauces in the UK, marking the brand's move into the category.... read more


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