Diamond Foods, the US nut maker, looks set to take a bigger bite out of the snacks market on both sides of the pond after striking a deal to buy crisp firm Kettle Foods. Upmarket snacks is a buoyant category, with, in the UK, United Biscuits and Warburtons among those launching “posh” crisps in recent months – and PepsiCo’s Walkers also pushing its Red Sky brand. The US$615m deal was the week’s most popular story on just-food – alongside Heinz’s and Campbell Soup Co.’s plans for more promotions in the US, Fairtrade Fortnight in the UK and Wal-Mart’s latest plans to prove its green credentials.
US/UK: Diamond Foods to buy crisp maker Kettle
US snack firm Diamond Foods is to buy upmarket crisp maker Kettle Foods from private-equity firm Lion Capital for US$615m.
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GLOBAL: Wal-Mart takes aim at carbon emissions
Wal-Mart, the world’s largest retailer, has again set out its stall to reduce its impact on the environment and issued plans to lower its carbon emissions.
UK: Code on pork country-of-origin unveiled
The UK government today (23 February) launched plans to state the origin of pork in processed products comes in a bid to promote “clear, honest labelling”.
On the money: Heinz sees increased trade, marketing spend
US ketchup giant Heinz has expects to increase its investment in promotional spending, innovation and marketing over the next three months to boost volumes from its US and European business.
GLOBAL: Brazil, India “key to Fairtrade’s future”
Brazil, India and South Africa will be central to the future growth of Fairtrade, the executive director of UK-based charity The Fairtrade Foundation has told just-food.
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By GlobalDataOn the money: Campbell to step up soup promotions
Campbell Soup Co. plans to use promotions to revive sales of its ready-to-serve soups in the US after a quarter in which sales of the products slid 18%.
UPDATE: BELGIUM: Carrefour to cut jobs, close stores in Belgium
Carrefour plans to cut its Belgian workforce by 11% as it closes or sells unprofitable stores in the market.
SPAIN: SOS forecasts loss, shares suspended
The Spanish stock exchange has suspended the listing of shares in Bertolli and Carbonell olive oil maker SOS Corporacion Alimentaria.
FOCUS: UK, US central to online grocery sales growth
The UK and US are forecast to remain at the centre of the growing global market for online grocery retailing, new research has shown, as new technology continues to change the way consumers shop.
On the money: Kerry forecasts mixed fortunes for UK, Ireland
Kerry Group today (23 February) admitted it expects mixed fortunes from the company’s consumer foods businesses in the UK and Ireland in 2010.
