Last week’s coverage has been dominated by two highlights of the food industry calendar. The first, industry trade show Anuga, saw just-food speaking to a number of up-and-coming companies, such as US kefir maker Lifeway Foods, about their export plans. The second, The World Retail Congress in Paris, provided us with an opportunity to delve into emerging trends and hear from the great and the good of the food retail sector. In other news, Wal-Mart said it was taking control of its JV in India and – after a decade of talk – Saputo tabled a takeover bid for Australia’s Warrnambool Cheese and Butter Factory. While Saputo COO Kai Bockmann told just-food the company expects to close on WCB by the end of the year, Bega Cheese – which has tabled a rival but lower bid – insisted shareholders could look beyond the headline price when deciding which bid to accept.
INDIA: Wal-Mart, Bharti to go it alone in India
Wal-Mart Stores is to buy out Indian venture partner Bharti Enterprises, ending the speculation over the future of the business.
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US: Peltz “still pushing” for PepsiCo split
Trian Fund Management, the investment vehicle controlled by activist investor Nelson Peltz, is reportedly still pushing for PepsiCo to be split.
ANUGA 2013: Interview: Dairy group Saputo eyes emerging markets
Saputo has beefed up its scale through a swathe of acquisitions in recent years and the Canadian dairy company could seal a long-awaited deal to acquire Australia’s Warrnambool Cheese and Butter Factory. But ambitious Saputo seems unlikely to rest on its laurels. Katy Askew caught up with president and COO Kai Bockmann at this year’s Anuga to find out more about Saputo’s growth drive.
AUS: Bega casts doubt over Saputo WCB bid will succeed
Bega Cheese has said it will fight on its bid to buy Australian dairy peer Warrnambool Cheese and Butter Factory – and cast doubt over whether a rival, higher offer from Canada’s Saputo will prevail.
just the answer – Lifeway Foods CEO Julie Smolyansky
US cultured dairy products group Lifeway Foods has been growing apace for a number of years as consumer awareness of kefir and probiotic products rises. From its base in the US, the company has launched a range in the UK and plans to expand in Europe and beyond. Dean Best caught up with Lifeway CEO Julie Smolyansky in Cologne at industry trade show Anuga to find out more about the group’s plans to accelerate growth.
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By GlobalDataUK: Burton’s sale attracts “good” interest
The sale of Burton’s Biscuit Co has attracted a “good level” of interest, primarily from private equity quarters, just-food understands.
World Retail Congress 2013 – live from Paris
Retail industry executives, including from Carrefour, Grupo Pao de Acucar, Dixy, Spar and Ocado, have headed to the French capital to discuss the opportunities and challenges facing the sector.
Talking shop: Tesco stresses finer points of difference
Tesco relaunched its premium own-label range, finest, this week as part of the extensive revamp of its UK business. Ben Cooper reports.
US: Del Monte Pacific acquires Del Monte Foods consumer unit
Singapore and Manila listed Del Monte Pacific Ltd has entered into an agreement to acquire the consumer foods unit of Del Monte Foods for US$1.675bn.
CHINA: “National champion” formula firms set for state support named
China has firmed up details of how it plans to subsidise mergers and acquisitions in the domestic infant milk powder market.
