Russia’s ongoing invasion of Ukraine is taking a toll on major CPG companies, including PepisCo and Mondelez, both of which reported a hit to annual profits yesterday due to restricted production and sales in the countries and surrounding area as well...
Nearly 60 people have been hospitalised in Tomsk Oblast, Russia, after consuming bear meat infected with trichinellosis, also known as fleshworm disease, the country’s state sanitary body Rospotrebnadzor has announced in a statement on its website on...
Sales of free-from and organic foods have rocketed in Europe as more and more shoppers spend time looking at labels in order to identify “guilt free” purchases, according to new data from Euromonitor International.
Brexit-borne economic uncertainty could dampen supermarket’s ability to offer cheaper groceries, though worried shoppers could maintain sales figures at hard discounting retailers like Lidl and Aldi, analysts suggest.
Findus Group’s UK arm has become a more attractive acquisition target after the global business confirmed it had experienced its second consecutive year of positive growth, although it has denied sell-off rumours.
Danisco is forming a new logistics unit to underlie its three food ingredients divisions covering emulsions, cultures and sweeteners, in a bid to bring greater efficiency in its dealings with customers.
Spice firm McCormick has reported first quarter sales rises
throughout its business operations, and predicts a continued strong
performance in 2007 as its restructuring actions begin to bring in
British confectionery manufacturer and retailer Thorntons suffered
along with most of the UK's retail sector over the Christmas
period, but its first half results were buoyed by an otherwise
solid performance from products sold...
Retail sales in the UK during July increased by 1.8 per cent on a
like-for-like basis, and showed growth of 4.3 per cent on a total
basis, compared with a year earlier according to a new report from
analyst KPMG and the British Retail...
Every supermarket owner is constantly seeking ways of driving
growth across every product category, be it through innovation,
promotion or refurbishment. But a recent survey suggests that their
best efforts are being let down at the...
Belgian retailer Delhaize today confirmed that it has reached a
binding agreement to sell its 49 per cent shareholding in the
Singapore food retailer, Shop N Save, to Singapore retailer Cold
Storage Singapore for SGD 44.1 million...
Ahold is to sell off its Spanish retail operations as part of a
long-awaited recovery plan announced today. The programme will also
include a €2.5bn rights issue which will help pay down debt, and
significant efficiency savings designed...
Metro, the German wholesale and retail group, has scrapped plans to
sell its extensive property portfolio after lengthy negotiations
with the prospective buyer ended in failure. The decision came as
the group announced solid sales...
Belgian retailer Delhaize is considering the sale of its stake in
Singapore's Stop N Save chain after receiving an offer from an
unnamed bidder. Could this be Delhaize's solution to the problem of
reducing its massive debt...
Dutch-based health and food ingredients company Acatris Group is
set to expand its sales network for health ingredients in the UK.
In a statement this week, the company claimed that the UK is among
the top three countries in Europe...
A sustained marketing effort which helped add more than 60,000
customers over the last year is beginning to pay off for Toupargel,
the French frozen food retailer. And the fresh food arm is finally
beginning to make headway as well.
The first stores to be sold under the restructuring plan of Spanish
food retailer El Arbol have been acquired by Extremadura-based
Lider Aliment. The company has bought seven wholly-owned stores and
a network of 70 Spar franchises...
Colruyt is to buy part of the loss-making Belgian operations of
Dutch retailer Laurus for an undisclosed sum, including the Spar
franchise business. Laurus is still negotiating the sale of its
other Belgian units.