Archives for February 6, 2003

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Growth set to slow for FABs

The phenomenal growth in sales of flavoured alcoholic beverages was always going to be hard to maintain in the long term, and a new report from Canadean predicts that sales in leading markets will slow substantially in the next two years. But this...

Colruyt confirms Laurus acquisition

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.

Tesco claims dismissed as 'absolute joke'

Tesco, one of the leading bidders for Safeway, has claimed that its proposal will be good for customers, local communities and suppliers - claims which have been rubbished by environmental group Friends of the Earth.

Rhodia takeover in 2003?

French speciality chemicals company Rhodia today reported net sales of €6,617 million in 2002, representing a nine per cent drop compared with 2001.

United Biscuits to reduce production capacity

UB has announced plans to close its biscuit production site at Ashby de la Zouch in the English Midlands at the end of next year as part of its ongoing plan of restructuring its now profitable UK biscuit operation.

FAB-ulous growth

The international market for flavoured alcoholic beverages has witnessed strong growth in recent years and despite a predicted dip the pace is set to continue in coming years, cites a new study from UK market analysts Canadean.