This week, The Co-operative Group CEO Euan Sutherland quit the UK retailer, hitting out at the way it was run after the company hit the headlines again – this time after his pay package was leaked. Fellow UK grocer Morrisons reported an annual loss and another year of falling sales – chief executive Dalton Philips and set out plans to fight back against the discounters.
“We seem to have an individual, or individuals, determined to undermine me personally, my team and the rest of the group board regardless of the uncertainty and disruption this causes to our 90,000 colleagues and our supportive members” –Ex-Co-op chief Euan Sutherland lashes out in the wake of a pay-leak scandal, closely followed by his resignation.
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“The rules of the games have changed. There is now a new price norm, a new expectation on price, an expectation set by the discounters” – Morrisons CEO Dalton Philips explains why the UK grocer is to fight on price to reignite falling sales.
“Volume growth in Europe in the last three years has been very difficult. More broadly, the branded businesses have suffered too, it’s not just us. They’re losing share to, let’s say, businesses like Aldi and Lidl, and for our business that has been very similar” – FrieslandCampina CFO Kees Gielen explains why the Dutch dairy giant has sen its sales suffer in Europe.
“Nestle has a very high scoring in terms of trust index – our brands are being trusted which is really the ultimate objective any manufacturer has – to establish trust of its customers through its brands” Nestle Middle East CEO Yves Manghardt says having a recognised name makes it easier to break into emerging markets.
“I know that our business is getting better. There is a lag between it getting better and people talking about it” – Tesco boss Philip Clarke hits back at the supermarket’s critics.
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By GlobalData“One of the things we are exploring – and I would like to reinforce it is exploring – is the possibility of taking our subsidiaries public abroad” – Marfrig CEO, Sergio Rial reveals the company could look at an IPO of its units.
“This brings certainty to SPC and the farmers who supply our select brand so they can now invest in their businesses with the confidence of knowing Woolworths will stand beside them for the long-term” – Woolworths Ltd managing director Tjeerd Jegen comments on the firm’s decision to back local cannery SPC Ardmona with a five-year supply contract.
