Food
Yesterday, Beyond Meat announced slightly disappointing quarterly results. Alongside these results, the producer of meat alternatives announced new deals with McDonald's and Yum!, the owner of KFC and Taco Bell, among others.
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Vivera, the Dutch producer of meat substitutes, could go into the hands of a new owner. Negotiations are said to be already underway.
Following the French court case against Intermarché for possible abuse of power, retail organisations are reacting with concern: purchasing alliances promote competition and keep consumer prices down, they argue.
Greenyard continued its growth unabatedly in the third quarter of its broken financial year. The fruit and vegetable business is optimistic about the future and continues to work on reducing its debt.
Due to the corona crisis, AB InBev sold significantly less beer in 2020. Profits also decreased significantly. Nevertheless, the brewer was able to grow again in the second half of the year.
French retail group Casino performed better than expected last year: thanks to the corona crisis, sales at convenience stores and e-commerce rose sharply. But trading profit is also on the rise, and debts are being reduced further.
Oatly, which is causing a great furore with its oat milk, is preparing an IPO in New York. The producer of plant-based dairy alternatives would be worth up to 10 billion dollars there.
German supermarket group Rewe claims to be the second largest food retailer in Europe: Thanks to the corona crisis, the group has reached a turnover of more than 75 billion euros, leaving only Lidl owner Schwarz Group behind.
Nestlé acquires SimplyCook, a British producer of recipe kits. For the FMCG giant, it is a new step in the direct-to-consumer market.
Mosa Meat, the food pioneer that presented the world's first cultured meat burger in 2013, has raised the equivalent of 70 million euros in a new funding round. The money will serve to scale up the production of cultured meat.
In the significant fourth quarter of 2020, market leader Colruyt once again lost ground. The winners are Delhaize, Carrefour and Lidl. A consequence of the current Covid pandemic, or is there more to it?
Next month the European authorities will discuss a possible ban on the use of certain terms to designate plant-based alternatives to dairy, better known as "Amendment 171". Alpro is calling on Europe to speak out against that amendment.
After the commotion surrounding the takeover bid by Canadian group Couche-Tard, Carrefour chief Alexandre Bompard wants to turn the page. "We are back on the offensive," he states. "But I don't see any big opportunities in France right now."
Since Brexit, (the smaller) whisky and gin distillers from the UK are having a particularly hard time exporting their products to the EU. The reason is very straightforward. Due to Brexit, the excise tax systems are no longer linked, which means all goods are stuck in warehouses awaiting the completion of formalities.
In France, the buying centres of Intermarché are accused of "abusive commercial practices". The Ministry of Economy is taking the distributor to court, thereby potentially undermining the operation of alliances such as Agecore.
Aldi Nord and Aldi Süd are to merge their e-commerce activities in Germany and appear to be preparing to sell groceries online in the near future.
