Tesco CEO Sir Timothy Leahy has ended months of speculation by
revealing expansion plans that rule out the notoriously difficult
US market in favour of the unregulated Far East.
Just days after the demise of bankrupt meat manufacturer Canterbury
Foods, the former managing director has bought up the remaining
productive processing plants under his new Medway Foods banner.
Consumer watchdog Which? has revealed that most readymade chicken
sandwiches contain a hidden blend of additives - but Food Standards
Agency (FSA) chicken labelling policy lacks muscle to enforce
better practice.
Leading UK-based wine merchant Majestic Wines enjoyed a 10.4 per
cent sales boost this Christmas, citing consumer demand for premium
products as the key to success.
Rewe, Europe's fourth largest retailer, has revealed ambitious
plans to increase its market share and expand internationally using
its €1billion investment budget for 2006.
The exiting chief executive of the UK's Food Standards Agency will
leave behind an organisation well equipped to deal with crises, and
make difficult but necessary decisions.
British food manufacturer Canterbury Foods today announced the sale
of three factories as PricewaterhouseCoopers (PWC) steps in to take
control of the ailing business.
Talks between global retail giant Carrefour and its suppliers are
underway as new French legislation governing backroom deals and
pricing strategy hits the statute books.
The international demand for dairy products has eased slightly and
prices for supplies are likely to moderate in the next several
months, according to a new report.
The global private label goods trend will continue to enjoy record
expansion and eat into famous brand profits if manufacturers fail
to adopt winning strategies to combat competition, say analysts.
Dutch retailing giant Ahold will axe 700 jobs from its US
operations as restructuring costs see more than $50 million in
charges added to fourth quarter results.
The world's second largest food retailer plans to double its store
numbers in Poland over the next five years by investing between
PLZ250-300million (€65-78m) on an annual basis.
Ask any child what's most important about Christmas and you're
almost sure to hear it's presents, or Santa Claus, or school
holidays. But certainly not food.
Danisco's sugar factory in Assens, Denmark, has been certified to
the new ISO 22000, one of the first ingredient firms to get the
safety approval released in September this year.
Sales of organic food and drink in the UK have doubled in recent
years, with strong growth set to continue into the future, as the
market remains "wide open for new entrants," according to a
new report by Mintel.
The UK's third largest retailer has revealed ambitious plans to
double the amount of new space it opens each year, in a bid to cut
Tesco's lead in the battle of the supermarkets.
Humble pie, stuffed peacock and sugar mice have left our Christmas
tables seemingly never to return. But what was it that forever
pushed such dishes from our hearts and feasting?
Coated foods, particularly fish and cheese, will see significant
growth over the next four years, despite the general consumer
perception that they are unhealthy.
A new injectable soya protein designed for use in meat products
could help increase shelf life and cooking yields, while also
improving the texture of products, says supplier Archer Daniels
Midland (ADM).
A dangerous strain of E-coli is feared to have contaminated
camembert cheese sold by more than 100 British retailers, including
supermarket chain Waitrose, said the country's food watchdog late
Monday.
Leading ingredients group Danisco posted a 21 per cent rise in
sales for the first six months thanks to the acquisition of enzyme
business Genencor and organic growth in cultures and texturants.
Over 80 per cent of consumers consider the environmental impact of
seafood as an important factor in their purchasing decisions,
according to a new study.
In the expanding European premium foods market many suppliers are
striving for EU-approved hallmarks to boost the prestige of their
products and attract retailers.
The FAO's predictions concerning commodity costs and production
show sustained high prices for milk and growing sugar consumption
in the developing world.
The stock market is too optimistic about Tate & Lyle's ability
to hold on to market share for sucralose once its patent expires,
says market analyst Morgan Stanley.
Global cereal production for 2005 will be higher than previously
thought, and large inventories will continue to mitigate against
upward price pressure, says FAO.
The UK's Competition Commission (CC) has released comprehensive
guidelines for it's probe into Heinz' acquisition of HP, inviting
comment on the sale that will see two of the world's top condiments
manufacturers...
Belgian supermarket chain Delhaize will expand further into the US,
continuing to rely on American supermarket sector buoyancy as the
European retail slump continues.
Tesco is the first choice for Britons shopping on the Internet this
Christmas, with two thirds of online grocery shoppers buying from
the retail giant's website, according to new research.
Nutrient profiling, one of the most controversial elements of
Europe's proposed health claims law, looks set to remain in the
future legislation, according to experts, and some firms have
already signalled their acceptance.
Symrise is investing £1.5 million at its Nördlingen production site
in order to re-establish itself as a leading force in the global
beverage flavours market.
British retail giant Tesco has changed its chicken nuggets recipe
to placate health conscious parents, as a consumer watchdog reveals
the children's teatime favourite contains only 50 per cent meat.
The oft-said adage that there are two things people don't want to
see being made - sausage and legislation - falls apart at the doors
of the EU's parliament.
