Industry sets stall at CAGE analyst conference
PepsiCo has vowed to "accelerate away from the rest of the pack" in Russia, which has become the US food and drinks giant's largest international market after the acquisition of Wimm-Bill-Dann.
Nestle CEO Paul Bulcke has said that a long-term rise in commodity prices would be "no bad thing" and suggested it would drive investment into the agriculture sector.
Kerry Group could spend up to EUR1.5bn on acquisitions in 2011, the Irish food maker's CFO has revealed - although he suggested the company would look at deals of "any size" in its sectors.
General Mills' move to buy into yoghurt maker Yoplait will provide some of the competition needed to help grow the category in the US, according to Danone chief Franck Riboud.
Unilever CEO Paul Polman has revealed that the Flora and Becel maker will look to run its spreads business with "30% less people" as the Anglo-Dutch conglomerate looks to make the unit more efficient.
Ebro Foods' two planned acquisitions in the rice sector will be a "new step forward" for the Spanish food group, the company's chairman and CEO has insisted. Antonio Hernandez Callejas…
Heinz has reaffirmed that it is looking for acquisitions, including in infant nutrition, the US food company's smallest - but fastest-growing - division. CFO Art Winkleblack said Heinz was looking…