Food

Ikea considers separate restaurants
  • Published in Food

Ikea restaurants’ increasing popularity has empowered the chain’s idea to create restaurants away from their traditional location, inside a furniture store. Ikea Food is one of the Swedish group’s fastest growing divisions.

Danone has to deal with lower volumes
  • Published in Food

Food company Danone’s turnover grew 3 % in 2017’s first quarter, but volumes did drop 2.6 % with disappointing dairy products’ sales.

Belgian Konings acquires Bacardi's French factory
  • Published in Food

Liquor manufacturer Konings acquired a factory from its competitor Bacardi-Martini. Located in Beaucaire, the factory and all of its 72 employees will transfer to Konings on 1 January.

Nestlé's turnover impacted by divestments
  • Published in Food

Nestlé has lifted its first quarter turnover by 0.4 % to 21 billion Swiss francs (19.6 billion euro). It did achieve a 2.3 % autonomous growth, but exchange rate fluctuations and divestments had a sizeable impact.

Asian sales help Rémy Cointreau grow 4 %
  • Published in Food

Liquor manufacturer Rémy Cointreau’s turnover grew 4.2 % to 1.09 billion euro in its latest fiscal year (which ended on 31 March). Organically, it even achieved a 4.7 % growth.

New owner for Weetabix
  • Published in Food

Chinese Bright Food sold cereal manufacturer Weetabix to American Post Holdings, which will now obtain 60 % of the company. The remaining 40 % are in the hands of Chinese investment firm Baring Private Equity Asia.

Heineken verkoopt meer bier in eerste kwartaal
  • Published in Food

Dutch brewery group Heineken’s first quarter resulted in more beer sold, thank to decent Asian growth. On the other hand, it failed to sell as much beer as in the previous year in other regions.

Decent growth for French Groupe Casino
  • Published in Food

French supermarket chain Casino’s first quarter of 2017 resulted in a decent 11.6 % turnover growth mainly thanks to progress in Latin America.

Bavaria improves turnover thanks to Palm
  • Published in Food

Dutch brewery Bavaria has already reaped the rewards from acquiring its Belgian competitor Palm: turnover spiked and despite further investments, profit also grew.

Carrefour has not missed its start
  • Published in Food

French retail group Carrefour has published decent quarterly results: turnover grew 6.2 % thanks to its international activities. Most European countries performed well, while Belgium’s negative results were "because of a marketing decision".

Barry Callebaut grows despite smaller global market
  • Published in Food

A few days before everyone eats chocolate Easter eggs, the world’s largest chocolate manufacturer Barry Callebaut announced its positive 6-month financial results.

Private label manufacturers prefer to work with Aldi and Lidl
  • Published in Food

Private label manufacturers encounter plenty of cost-increasing obstacles when they collaborate with retailers, but their partnerships with hard discounters are much more efficient. What can we learn from that?

Tesco finally achieves growth again
  • Published in Food

British supermarket chain Tesco has finally managed to present positive results for its home territory. At 0.9 %, it was its first turnover growth in the United Kingdom in seven years.

Devos & Lemmens, Aïki, Liebig and Royco up for sale
  • Published in Food

Investment fund CVC Capital Partners is considering the sale of its Belgian subsidiary, food group Continental Foods, which owns Devos & Lemmens (sauce), Aïki (noodles), Liebig (soup) and Royco (instant soup). The subsidiary should generate at least 600 million euro when sold.

More cost-cutting and no more margarine division for Unilever
  • Published in Food

In the fallout of Kraft Heinz’s failed Unilever acquisition, the intended target launched a range of plans to appease its shareholders. It will cut costs in the next few years, buy back stock and sell its margarine division.

Real and other retailers create new procurement alliance
  • Published in Food

Similar to many other retailers joining forces in a purchase alliance, German Real and several other retailers have created the RTG Retail Trade Group.

Analysis: this is how Amazon courts the FMCG manufacturers
  • Published in Food

Amazon means business when it comes to the food industry. Brand manufacturers are invited to circumvent the supermarket and service the consumer directly. Well, not entirely directly, but through Amazon and its conditions are razor-sharp.

Monster Energy: the torero against Red Bull
  • Published in Food

Monster Energy only launched in 2002, fifteen years after Red Bull, but the American Monster Beverage Corporation managed to conquer America in a relatively short amount of time to become market leader. Its next goal: to conquer the world.

Reckitt Benckiser considers its food branch options
  • Published in Food

Consumer company Reckitt Benckiser may sell its food branch, consisting of French's Foods' sauces. The money would be used to partially pay for children's food manufacturer Mead Johnson Nutrition's acquisition.

Back to top