The second edition of the European investment conference CAGE was held in London this week, with the likes of Nestle, Danone and Unilever presenting to analysts. Elsewhere, just-food discussed the impact that the nuclear uncertainty in Japan could have on the country’s food sector, analysed Marks and Spencer’s return to France – and asked what companies mean by ‘corporate responsibility’.
Industry sets stall at CAGE analyst conference
Leading lights from the food industry – including Heinz, Nestle, Danone and Unilever – present to analysts at the second Consumer Analyst Group Europe – or CAGE – conference. just-food provided news and views exclusively from the conference.
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CAGE: Unilever CEO Polman looks to “optimise” spreads unit
Unilever CEO Paul Polman has revealed that the Flora and Becel maker will look to run its spreads business with “30% less people” as the Anglo-Dutch conglomerate looks to make the unit more efficient.
CAGE: General Mills’ Yoplait move will help grow US yoghurt – Danone
General Mills’ move to buy into yoghurt maker Yoplait will provide some of the competition needed to help grow the category in the US, according to Danone chief Franck Riboud.
CAGE: Kerry Group hints at acquisition plans for 2011
Kerry Group could spend up to EUR1.5bn (US$2.1bn) on acquisitions in 2011, the Irish food maker’s CFO has revealed – although he suggested the company would look at deals of “any size” in its sectors.
CAGE: Nestle CEO Bulcke sanguine about commodities
Nestle CEO Paul Bulcke has said that a long-term rise in commodity prices would be “no bad thing” and suggested it would drive investment into the agriculture sector.
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By GlobalDataNuclear uncertainty a second blow to Japanese food industry
As Japanese food makers struggle to deal with the after effects of the tsunami and earthquake that devastated north-eastern Japan earlier this month, they have been hit by a second threat as the fear of nuclear contamination dampens consumer sentiment and weakens export markets. Katy Humphries reports.
In the spotlight: M&S crosses the English Channel once more
The move was speculated about in the autumn but today Marks and Spencer, one of the flagship names of the UK retail landscape, has announced it will return to France – a decade after it quit the market. CEO Marc Bolland is upbeat about his plans, although reaction from retail analysts was mixed. Petah Marian reports.
Sustainability Watch – Corporate responsibility: what’s in a name?
In just-food’s latest Sustainability Watch, Ben Cooper wrestles with the nomenclature of corporate social responsibility, with a little help from Nestlé chairman Peter Brabeck-Letmathe.
On the money: Barry Callebaut focuses on growth
Swiss chocolate group Barry Callebaut has insisted that it will focus on driving growth between now and 2013 with the aim of growing operating earnings by 6-8% each year during the period.
