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UPDATE: FRANCE: PAI denies Yoplait stake salePrivate equity group PAI Partners has denied reports in the French media that it is planning to sell its 50% stake in Yoplait, the yoghurt and milk-based desserts maker.UK: Poundland owner mulls future of retailerThe private-equity owner of UK discount retailer Poundland is mulling the future of the business, which could lead to the sale of the company, just-food understands.UK: Glisten investors back sale to RaisioShareholders in UK snack maker Glisten today (12 March) gave the green light to the sale of the business to Finnish food group Raisio.FRANCE: Private-equity firm PAI "set to sell Yoplait stake"Private-equity firm PAI Partners is reportedly planning to sell its 50% stake in French dairy business Yoplait.SPAIN: Borges targets 50% of sales in the BRIC marketsSpanish olive-oil and dried fruits maker Borges hopes half of its sales will stem from the BRIC (Brazil, Russia, India and China) markets by 2020.Top stories on just-food this weekThe future of Glanbia, with its interest in consumer dairy products, dairy ingredients and sports nutrition, grabbed your interest this week as the Irish food group revealed it was in talks to offload parts of the business. Unilever and Nestle were the subject of M&A rumours as reports in Belgium linked to the two food giants to the country's biggest ice-cream maker. Nestle, meanwhile, launched its nutrition brand Jenny Craig in France as, on this side of the channel, the UK's Food Standards Agency put forward plans for a new to label the nutrition content of food.Quote, unquote: just-food's week in wordsMorrisons and Waitrose this week displayed a bullish confidence as the UK retailers - operating at different ends of the market - both reported bumper annual profits. Elsewhere in the UK, the country's Food Standards Agency backed plans for hybrid nutrition labels - and was prompty slammed by consumer advocates. Meanwhile, the Chinese government unveiled its latest bid to improve food safety in China in the wake of fresh contamination scandals. Here is a flavour of who said what this week.FRANCE: Systeme-U sanguine over worker protestsFrench retailer Systeme-U has insisted the worker protests hitting its distribution depots in the east of the country are not affecting deliveries to its stores.AUS: WCB outlines opposition to Murray Goulburn approachThe board of Australian dairy group Warrnambool Cheese and Butter (WCB) has today (12 March) again urged shareholders to resist the takeover approaches for the business.UK: Broadening appeal boosts Waitrose profitsUpmarket UK grocer Waitrose said yesterday (11 March) that annual profits jumped more than a quarter thanks to rising sales and the addition of new stores to its network.In the spotlight: China tries again on food safety reformFood safety in China has been placed centre stage this week as the authorities in Beijing once again look to ensure the security of the country's food supply. The challenge has been highlighted by numerous safety scares and there are safety issues with Chinese produced food from farm to fork. But, in such an extensive and segmented market, can regulators hope to overhaul food production practices at every point down the supply chain? Dominique Patton reports.SWEDEN: Dole buys stake in Green VisionDole Food Co. has bought a 25% stake in Swedish fruit business Green Vision.CANADA: Hershey signs hockey league sponsorship dealHershey has signed a sponsorship deal with the National Hockey League (NHL) in North America.US: John Lewis "supportive" of Ocado IPOJohn Lewis, the UK retailer, said it is "supportive" of Ocado's plans to launch a long-awaited listing on the country's stock market.US: Quaker latest firm to recall over salmonella scarePepsiCo's Quaker Foods North America is the latest firm to announce a recall due to possible salmonella contamination from HVP, or hydrolysed vegetable protein.FRANCE: Bongrain profits up on lower chargesFrench cheese maker Bongrain yesterday (11 March) posted rising full-year profits despite falling sales in 2009.US: Kraft signs sports sponsorship dealsKraft Foods has signed sponsorship deals with the National Collegiate Athletic Association (NCAA) in the US and CBS Sports.NETHERLANDS: Costs, price cuts hit Sperwer profitsDutch retailer Sperwer Group, owner of the Plus chain in the country, has posted a 21% fall in net profit for 2009.ISRAEL: Willi-Food prices offeringIsraeli kosher food group G Willi-Food today (12 March) announced that it has proced its oppering of 3.3m shares at US$6.05 a share.JAPAN: Aeon takes controlling stake in CFSJapanese retailer Aeon has indicated that it will increase its shareholding in CFS Corp. by an additional 18% and take a controlling stake in the business.© 2010 All content copyright just-food.com. Published by Aroq Ltd. |
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