Monde Nissin acquires Quorn | RetailDetail

Monde Nissin acquires Quorn

Monde Nissin acquires Quorn

Monde Nissin from the Philippines is mainly known for its instant noodle production, but it has now acquired the British meat substitute manufacturer Quorn Foods for 550 million pounds (750 million euro).

Diversification

Monde Nissin beat competitors like French Danone, Canadian McCain and Irish Kerry Group to the acquisition of Quorn. The company has been under control of the British investment groups Exponent Private Equity and Intermediate Capital Group and had a 150.3 million pound (200 million euro) turnover in 2014.

 

With the Quorn purchase, Monde Nissin aims to epand its product range and reduce its dependence on one market. It is not the first acquisition Monde Nissin made this year: earlier, it bought the Australian dip sauce brand Black Swan and juice brand Nudie. For next year, the company (currently owned by Betty Ang) intends to launch an IPO.

Questions or comments? Please feel free to contact the editors


Are Chinese prisoners working for H&M and C&A?

20/02/2018

British former journalist Peter Humphrey has accused C&A and H&M of using forced labour. He claims to have seen how Shanghai prisoners were forced to work for Western chains, something the retailers will now investigate.

Chanel acquires stake in online retailer Farfetch

19/02/2018

French fashion label Chanel obtained a minority stake in British Farfetch. It wants to use the online retailer’s expertise to create more digital innovations for its own customers.

Monoprix wants to acquire web shop Sarenza

19/02/2018

Store chain Monoprix, part of French Groupe Casino, entered negotiations to acquire online shoe seller Sarenza, one of France’s prime online brands.

Zalando expands collaboration with German retailers

16/02/2018

Zalando has further expanded its collaboration with physical retailers in Germany. Shoe stores were already able to ship through Zalando and now clothes stores can too.

Kiabi opens largest Belgian store in Westland Shopping Center

15/02/2018

French clothing chain Kiabi will open its fifth Belgian store in the Westland Shopping Center in Anderlecht. This will become its largest Belgian store to date, spread across 1,800 sqm.

H&M warns for difficult 2018

15/02/2018

Swedish fashion group H&M warns that 2018 could be yet another difficult year for the company. It is working to improve online sales, but store turnover will most likely continue to drop.

Back to top