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March 2010 Entries

First Page: Lianhua Supermarket Holdings reports strong profits growth in 2009 (China)

March 31 2010 - Lianhua Supermarket Holdings Co., Ltd. today announced its annual results for the 12 months ended 31 December 2009 . Read more [FoodBizDaily]

First Page: Bacardi to distribute Brown-Forman brands in Belgium, Denmark, Austria, Switzerland, Luxembourg, Portugal, and Andorra

March 31 2010 - It was announced today that Brown-Forman and Bacardi Limited have agreed on distribution arrangements in several European markets. Read more [FoodBizDaily]

First Page: Migros profits in 2009 despite revenue drop (Switzerland)

March 30 2010 - Swiss retailer Migros reported today  financial results for the fiscal year 2009. Total revenue decreased throughout the Migros Group 2009 by CHF 803 million (-3.1%) to CHF 24.95 billion from previous year. Read more [FoodBizDaily]

First Page: Eco fridges help Sainsbury’s cut energy whilst growing space (UK)

March 29 2010 - Sainsbury’s is increasing space at one of its stores by 50% whilst slashing energy use by 10% with help from more environmentally friendly refrigeration. Read more [FoodBizDaily]

First Page: Casino to stop using palm oil in health and eco drive

March 26 2010 - Groupe Casino has pledged that in the long term, no Casino food product will contain palm oil because of the potential harm to health and the environment.   Read more [FoodBizDaily]

First Page: ConAgra reports strong profits for 'Consumer Foods' segment in Q3 2010

March 25 2010 - ConAgra Foods, Inc. reported today results for the fiscal 2010 third quarter ended Feb. 28, 2010. The Consumer Foods segment posted sales of $2,034 million and operating profit of $306 million for the quarter, up 25% ahead of last year’s $245 million. Read More [FoodBizDaily]

First Page: General Mills reports strong Q3 results

March 24 2010 - General Mills today reported financial results for the third quarter of fiscal 2010. Net sales increased 3% to $3.63 billion, operating profits were up 8% to $607 million. Read more [FoodBizDaily]

First Page: Finsbury Food profits stable but cake sales suffer (UK)

March 23 2010 - Finsbury Food Group saw cake sales decline in the first half as consumers looking for value traded down and opted for promotional product offerings. Read more [FoodBizDaily]

First Page: PepsiCo announces environmental and dietary health commitments

March 22 2010 - PepsiCo revealed today a set of goals to reduce added sugar, sodium and saturated fat across its food and beverage portfolio. Read more [FoodBizDaily]

First Page: Metcash restructures Cash & Carry business (Australia)

March 22 2010 - Mentioning  difficulty to compete with "modern organized" formats like 7 Eleven, Metcash announced Friday it will close 8  Campbells Cash & Carry stores and merge the C&C  operations with Campbells Wholesale. Read more [FoodBizDaily]

First Page: Rewe Group to takeover 65 Tengelmann supermarkets (Germany)

March 19 2010 - Rewe Group has announced plans to take over 65 of Kaiser's Tengelmann branch stores in the Rhein-Main-Neckar region as it grows its presence in the German market. Read more [FoodBizDaily]

First Page: Co-op hails “record results” following Somerfield acquisition (UK)

March 18 2010 - The Co-operative Group has achieved “record sales and profits” with a strong performance in its food business, after a year in which it acquired the Somerfield supermarket chain. Read more [FoodBizDaily]

First Page: Metro Group optimistic about 2010 after “weathering” economic crisis

March 17 2010 - Global retailer Metro Group expects earnings to improve in 2010, with significantly more store openings planned as it eyes growth potential in Eastern Europe and Asia. Read more [FoodBizDaily]

First Page: Lindt & Sprüngli reports profits down in recessionary market (Switzerland)

March 16 2010 - Chocoladefabriken Lindt & Sprüngli AG reported today financial results for 2009.  According to the company profits were down 26.2% from the previous year to CHF 193.1 million on CHF 2.525 billion in sales. Read more [FoodBizDaily]

First Page: Dale Farm to invest millions in dairy processing (UK)

March 15 2010 - The farmer-owned dairy processor, Dale Farm, is to develop its local dairy processing activities and grow sales of existing and new products outside Northern Ireland with a £36 million investment project. Read more [FoodBizDaily]

First Page: Investment in price and new stores helps boost Waitrose results

March 12 2010 - Waitrose own-label range of products that were introduced last year and new store openings helped the grocer win over more customers in 2009. Read more [FoodBizDaily]

First Page: Morrisons profits surge as its store estate grows

March 11 2010 - Morrisons has reported a 21% increase in underlying profits in 2009 and increased customer numbers as it continued to grow its reach across the UK. Read more [FoodBizDaily]

First Page: Glanbia considers sale of Irish dairy business

March 10 2010 - Glanbia is in talks with its major shareholder, Glanbia Co-operative Society Limited, regarding the potential disposal of its Irish Dairy and Agri Businesses. Read more [FoodBizDaily]

First Page: Schuitema to sell five stores to secure Super de Boer deal (Netherlands)

March 09 2010 - Dutch firm Schuitema has agreed to sell five outlets in order to secure regulatory approval for its bid to buy Super de Boer stores. Read more [FoodBizDaily]

First Page: Co-op named “most responsible retailer” of the year

March 08 2010 - The Co-operative Group has been named Responsible Retailer of the Year for the third year running in the Oracle Retail Week Awards. Read more [FoodBizDaily]

First Page: Tesco store plans thwarted by farmer’s eco alternative (UK)

March 05 2010 - A district council has voted in favour of allowing plans for an eco-friendly community project that were the brainchild of a local farmer, instead of a proposed Tesco store in the town centre, reports claim. Read more [FoodBizDaily]

First Page: Strong demand in Brazil, Thailand and Vietnam helps boost Casino profits (France)

March 04 2010 - French retail group Casino is to look to stronger sales in France and push ahead with cost cuts and asset disposals this year after posting a 4.5% drop in trading profit. Read more [FoodBizDaily]

First Page: Jeronimo Martins reports 6.1% sales growth in 2009 (Portugal)

March 03 2010 - Jeronimo Martins reported today financial results for 2009. Consolidated sales grew 6.1% to  Euro7,317 million. Net profit grew 22.8% to Euro 200.3 million. Read more [FoodBizDaily]

First Page: Fresh Del Monte profits hurt by weak banana business in Europe and Asia

March 02 2010 - Fresh Del Monte Produce Inc. today reported financial results for the fourth quarter and year ended January 1, 2010. Net sales for the quarter were $872.1 million, compared with $831.0 million in the fourth quarter of 2008. Read more [FoodBizDaily]

First Page: M&S plans to be “World's most sustainable retailer” by 2015

March 01 2010 - Marks & Spencer has announced its bold ambition to become the World's most sustainable retailer by 2015, as it embarks on a raft of new environmental pledges. Read more [FoodBizDaily]

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