Royal Cosun subsidiary Unifine Food & Bake Ingredients has
consolidated its position in the Iberian bakery ingredients market
through the finalisation of an acquisition.
Unilever Portugal has restructured its joint venture with local
food manufacturer and retailer Jeronimo Martins, a further step
towards the simplification of the company's business units.
Chris Jones reports.
Jeronimo Martins, the Portuguese supermarket group, ended 2003 with
a return to profitability as the results of its restructuring
programme begin to be seen. But with market conditions still
expected to be tough in 2004, sustaining...
After a turbulent few years and the wholesale sell off a number of
businesses, Portugal's Jeronimo Martins retail group appears to be
on the road to recovery.
German supermarket group Tengelmann has taken 100 per cent control
of its Iberian subsidiaries Supermercados Plus after finally buying
out its long term partner, businessman Juan Abello.
Those European retailers with the biggest international spread -
Carrefour and Tesco - top the latest rankings, but the continued
downturn in the global economy means that this policy of expansion
is not without its risks, according...
Disposal of various loss-making businesses has helped Portuguese
retailer Jeronimo Martins to reduce its debts in the first half,
but exposure to volatile economic conditions means a return to the
black could take some time yet.
AmBev, the Brazilian drinks group, launched its Guarana Antarctica
soft drink in Portugal on July 12 in what it said was a cautious
first step toward its ambition to make the brand a global player.
