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On the money: Bullish Co-op readies for competition in conveniencePeter Marks, the boss of UK retailer The Co-operative Group, today (18 March) issued a "bring it on" rallying cry as the company prepares for competition from the likes of Sainsbury's and Morrisons in the convenience sector.UK: M&S details Rose exitMarks and Spencer has provided details of the planned departure of its executive chairman Sir Stuart Rose, who will leave the company next March.US: 7-Eleven expands in Las VegasConvenience chain 7-Eleven has continued its US growth drive, this time expanding its presence in the Las Vegas area with the addition of 160 stores in Clark County.UK: "We've never been so relevant" - Co-op chiefThe Co-operative Group, the UK's fifth-largest retailer, this morning (18 March) posted a 5.5% rise in annual like-for-like food sales as boss Peter Marks hailed "an historic year" for the business.RUSSIA: Competition authorities probe retail sectorRussian competition authorities have launched an investigation into the dealing between retailers and suppliers, including Metro Cash & Carry.EU: Consumer group hits out at EU labelling plansConsumer lobbyists in Europe have criticised EU politicians for not helping shoppers choose healthier food after Brussels said that it would not push for the mandatory use of traffic-light labels.RUSSIA: Orkla's Krupskaya buys spread maker PeterhofKrupskaya, the Russian confectioner owned by Norway's Orkla Brands, has snapped up local chocolate spreads maker Peterhof for an undisclosed sum.EU: Brussels threatens legal action over labelling failingsThe European Commission is threatening legal action against Portugal and Cyprus for failing to ensure food packaging carries nutritional information.JAPAN: Aeon profit outlook up, sales slowingJapanese retail giant Aeon said today (18 March) that it anticipates posting a higher net profit for its current fiscal year, despite lowering its sales guidance.AUS: Coles expands online grocery shoppingColes has expanded their online grocery shopping areas to include Hobart, Launceston, Devonport, Towoomba, Darwin and selected Top End locations.FRANCE: De Kroes acquires pastry specialistDutch biscuits and crackers group De Kroes has acquired French puff pastry specialist, Semur Feuilletage, based in Semur-en-Auxois, for an undisclosed sum.CANADA: Planet Organic sells vitamin, Healthy's unitsPlanet Organic has announced the sale of its vitamin manufacturing business and six of its Healthy's retail locations in order to reduce debt.US: Nestle expands Lil' Drums lineNestle has expanded its line of Nestle Drumstick Lil' Drums sundae cones in the US with the introduction of s'mores and caramel flavours.UK: Ocado hints at summer IPOUK online grocer Ocado has hinted that its long-mooted flotation could come after the General Election in the country this year.FRANCE: Guyenne et Gascogne claims "resilience" in 2009Carrefour franchise operator Guyenne et Gascogne today (18 March) hailed the "resilience" of its business in 2009 despite annual profits falling by more than 21%.DENMARK: Danisco ups targets after Q3 resultsDanish ingredients giant Danisco today (18 March) upped its sales and earnings targets after posting buoyant third-quarter numbers.US: Vaughan Foods loses Nasdaq listingVaughan Foods will be delisted from the Nasdaq after failing to maintain the minimum share price of US$1 for 30 consecutive days.NETHERLANDS: FrieslandCampina profits riseNetherlands-based dairy group FrieslandCampina today (17 March) said that profits were up by over one-third during 2009 despite a decline in sales in the "challenging" dairy market.UPDATE: GERMANY: Metro management shake-up to streamline businessMetro Group is to integrate the management structure of its Metro AG holding company and Metro Cash & Carry units in order to drive growth in new markets and reduce costs.UK/GERMANY: Nestle faces protests over palm oilEnvironmental campaigners in the UK and Germany today (17 March) targeted Nestle for its use of palm oil in flagship chocolate brand Kit Kat.© 2010 All content copyright just-food.com. Published by Aroq Ltd. |
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