It was a bumper week of insight from just-food, with analysis of Richard Brasher’s decision to quit as CEO of Tesco’s UK operations, an examination of rising egg prices and a look at the future for UK food manufacturer Premier Foods. We also emphasised our international reach, with an exclusive interview with the chief executive of Spanish retailer Grupo Eroski. Click on the headlines for more.
On the move: Clarke grapples UK woes as Brasher exits Tesco
Tesco UK director Richard Brasher will leave the business later this year, having only taken on leadership of the supermarket group’s UK arm 12 months ago. In a move that signals the emphasis that Tesco is placing on improving its UK performance, Brasher will be replaced by group CEO Philip Clarke. Katy Humphries reports.
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Focus: UK food industry faces egg-streme prices
UK egg prices have seen a dramatic increase in the wake of the introduction of an EU ruling on animal welfare, with obvious implications for the margins of food manufacturers. However, there are those in the egg industry that insist prices are still not at a level to make egg production sustainable. Katy Askew tries to crack the story.
In the spotlight – Uncertainty surrounds Premier Foods despite debt deal
News this week that Premier Foods plc has secured a debt refinancing deal that could secure its future has followed a year of turbulence and uncertainty over the direction of the UK food giant. However, as Michelle Russell writes, the City remains unsure about the company’s future.
UK: United Biscuits owners mulling break-up options
Blackstone Group and PAI Partners, the private-equity owners of United Biscuits, are considering the possibility of selling the UK firm’s salty snacks business.
UK: Ice cream firm R&R “up for sale”
UK-based private-label ice cream maker R&R Ice Cream is reportedly set to be put up for sale.
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By GlobalDataDeal or no deal: Dairy Crest eyes UK acquisitions
Last week, Dairy Crest announced that it is considering the sale of its French spreads brand, St Hubert. In a move that raised some eyebrows in the investment community, the group indicated that it could use some of the proceeds to fund future acquisitions. Katy Humphries takes a look at which potential deals might pique Dairy Crest’s interest.
just the answer – Agustin Markaide, Grupo Eroski
Spain’s Grupo Eroski recently signalled its intention to focus on its domestic operations, off-loading its stake in its French JV with Carrefour, Altis, to Intermarché. Speaking at the group’s annual conference, CEO Agustín Markaide discusses the group’s plans across its supermarket and hypermarket formats as well as online.
FRANCE: Farmers take Lactalis to court over milk contracts
The French dairy farmers federation has announced that it is taking Lactalis to court over “imbalances” in the milk price proposals the processing giant has put on the table.
JAPAN: Retailer Aeon targets Vietnam, Malaysia, China expansion
Japanese retailer Aeon is expanding its business in Vietnam, Malaysia and into smaller cities in China.
US: Ex-Wal-Mart exec Cornell takes senior PepsiCo food role
Former Wal-Mart Stores executive Brian Cornell has rejoined PepsiCo to head its food business in the Americas.
