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FoodClips
Source: KamCity
Camel Milk Set To Hit Supermarket Shelves
Camel milk could soon be competing with cow’s milk on supermarket shelves in the UK if the UAE wins approval from the European Union to begin exports. According to the Farmers Guardian, the EU is sending a team of inspectors to check the standard of camel farms in the UAE and the safety of their milk early next year and exports could begin soon after.
Camel’s milk is expected to be a big hit in the UK given it has less fat and cholesterol than cow’s milk. It contains three times more vitamin...
posted @ Thursday, July 08, 2010 3:00 PM |
Source: The Associated Press
BJ's key revenue indicator up, but misses view
July 08 2010 — BJ's Wholesale Club Inc. said Thursday that a key revenue gauge rose in June, but the gain fell short of analysts' expectations.
The warehouse club said revenue from stores open at least a year rose 3.8 percent in the five-week period ending July 3. Analysts had expected the figure to rise 5.3 percent according to Thomson Reuters.
Excluding revenue from gasoline sales, the measure climbed 3.2 percent, also missing the 4.4 percent jump on that basis that analysts had expected.
Revenue at stores open at least a year is a...
posted @ Thursday, July 08, 2010 2:47 PM |
FoodClips
Source: The Wall street Journal
Chile Beverage Co CCU 2Q Volume Sales Grow 9.7% On Year
SANTIAGO (Dow Jones)--Chilean beverage company Compania Cervecerias Unidas SA's (CCU.SN) second quarter quarter volume sales rose 9.7% on the year to 3.56 million hectoliters, the company said late Wednesday.
Volume sales for the first six months of the year rose 6.1% from the same period a year ago to 8.25 million hectoliters.
The figures were preliminary, and CCU doesn't provide absolute figures for the previous period.
Read more [http://online.wsj.com/article/BT-CO-20100708-707121.html]
FoodBizIntel®
Compania Cervecerias Unidas S.A.
Address: Vitacura 2670 23 Floor Santiago, Chile
Telephone: +56-2-4273000
Fax: +56-2-4273222
Website: http://www.ccu.cl/
Email : n/a
About Compania...
posted @ Thursday, July 08, 2010 2:41 PM |
FoodClips
Source: business.scotsman.com
McLelland reports a less than seriously strong performance
MCLELLAND, the Scottish cheese producer behind brands that include Seriously Strong, Galloway and Orkney, yesterday served up a 3 per cent rise in annual sales to £171 million.But pre-tax profits dipped by 2 per cent to £5.8m after losses at the Caledonian Cheese Company, one of McLelland's subsidiaries.
The company blamed the fall in profits in 2009 on rising milk prices a year earlier, which weren't reflected in price in creases to customers, according to accounts filed at Companies House.
Read more [http://business.scotsman.com/business/McLelland-reports-a-less-than.6407423.jp]
FoodBizIntel®
Lactalis McLelland Ltd.
Address: New Cheese Market, Townhead Glasgow, G4 0EF GBR
Telephone:...
posted @ Thursday, July 08, 2010 2:32 PM |
FoodClips
Source: namibian.com.na
Namibian meat branded in international campaign
MEAT from free-ranging cattle in Namibia will receive international attention during a new branding campaign by retail giant Woolworths South Africa as the company increases its focus to more sustainable and organic food production.
“We have completed a five-day trip in Namibia with a 30-member television crew to shoot footage and to take still photos on farms with free-ranging cattle for our advertising campaigns starting this month,” said Glenda Forbes, head of the Woolworths marketing division.
“This is one of our biggest campaigns. We will publish a full-colour insert in our ‘Taste’ magazine on Namibian meat,...
posted @ Wednesday, July 07, 2010 11:17 AM |
FoodClips
Source: Drug Store News
Walgreens toys with fresh food idea
Walgreens is looking to make a bigger play in the fresh food market by testing this fall chilled foods at up to a dozen store locations, according to a Dow Jones report.
Walgreens spokeswoman Tiffani Washington told Dow Jones that the test would be limited to 12 locations; however, sources indicated that the test is likely occurring in as many as 50 locations in September in the Chicago area.
Washington did say that the company may sell sandwiches, fresh cut fruit, soups and wraps.
Read more [http://www.drugstorenews.com/story.aspx?id=145369&menuid=333]
FoodBizIntel®
Walgreen Company
Address: 200 Wilmot Road Deerfield, IL 60015 United...
posted @ Wednesday, July 07, 2010 10:48 AM |
FoodClips
Source: The Canadian Press
Wheat board signs deal to double exports to China
WINNIPEG — The Canadian Wheat Board has signed a deal that will see Prairie farmers export 500,000 tonnes of wheat to China -- double what recent sales have been.
John Lyons with the wheat board says the agreement with COFCO, China's largest government food processor, is worth $130 million.
"That's great news for farmers," Lyons said Monday. "With wheat, Chinese sales can vary quite a bit year-by-year. This is also significant because it's the largest such deal that we've had with China in five years."
Read more [http://www.ctv.ca/CTVNews/Canada/20100705/wheat-china-deal-100705/]
posted @ Wednesday, July 07, 2010 10:41 AM |
FoodClips
Source: The Wall street Journal
Aeon Cuts Costs to Post Profit
July 07 2010 - TOKYO—Japanese retailer Aeon Co. said Wednesday that it swung to a net profit for the first quarter ended May, underscoring how massive cost cuts and the sale of a women's apparel unit in the U.S. helped its bottom line.
Aeon posted a net profit of 19.27 billion yen ($219 million), compared with a year-earlier loss of 2.49 billion yen. Revenue fell 2.5% to 1.215 trillion yen from 1.246 trillion yen. Operating profit more than doubled to 21.78 billion yen from 8.72 billion yen.
The Japanese retail sector...
posted @ Wednesday, July 07, 2010 10:34 AM |
FoodClips
Source: RTTNews
Central European Distribution Corp. Decides Not To Pursue The Acquisition Of Nemiroff
July 7 2010 - Central European Distribution Corp. (CEDC: News ) said on Tuesday that it has decided not to pursue an acquisition of Nemiroff.
The net proceeds expected from the sale of the Polish distribution business, which were initially targeted as partial consideration for the acquisition of Nemiroff, are anticipated to be redeployed to maximize return on capital, increase fully diluted earnings per share and/or reduce financial leverage.
Read more [http://www.rttnews.com/ArticleView.aspx?Id=1352233]
FoodBizIntel®
Central European Distribution Corp
Address: Two Bala Plaza Suite #300 Philadelphia, PA 19004 United States
Telephone: +1-610-6607817
Fax: +1-610-6673308
Website: http://www.cedc.com...
posted @ Wednesday, July 07, 2010 10:20 AM |
FoodClips
Source: Reuters
July 7 2010 - U.S. online retailer Amazon has launched a grocery website in Britain, adding to uncertainty over how to value UK online grocery specialist Ocado as it gears up for an initial public offering.
Amazon said on Wednesday it would sell over 22,000 products from household brands such as Kraft, Pepsi and Procter & Gamble to niche products like ethnic and international foods.
Read more [http://in.reuters.com/article/idINIndia-49943720100707]
FoodBizIntel®
Ocado Limited
Address: Titan Ct., 3 Bishop Sq., Hatfield Business Park Hatfield, AL10 9NE GBR
Telephone: +44-1707 227800
Fax: +44-1707 227999
Website: http://www.lastmile.com
Email : n/a
About Ocado Limited
Upscale Internet grocer Ocado serves more than 13.5...
posted @ Wednesday, July 07, 2010 10:14 AM |
FoodClips
Source: Reuters
July 7 2010 - Chedraui, Mexico's No. 4 retailer which went public in late April, said it financed the purchase of Fiesta, with its 11 stores, with debt.
Chedraui, which has 142 stores in central and southern Mexico, said it has already exceeded its goal of operating 26 additional stores at the end of the year. With the Fiesta purchase, the company said it was on track to add 34 stores by the end of 2010.
Read more [http://www.reuters.com/article/idUSN0617802820100707]
FoodBizIntel®
Grupo Comercial Chedraui, S.A. de C.V.
Address: Privada de Antonio Chedraui Caram s/n, Colonia Encinal Xalapa, 91180 Mexico
Telephone: +52-228-842-1100
Fax: +52-228-842-1129
Website: http://www.chedraui.com.mx
Email :...
posted @ Wednesday, July 07, 2010 10:08 AM |
FoodClips
Source: Economic Times (India)
Coke, Pepsi join hands for beverage association
July 05 2010 - NEW DELHI: Rivals Coca-Cola and PepsiCo have come together along with other beverages makers and bottlers to form the Indian Beverage Association (IBA), which will be the industry’s single point of interaction with the government and help companies comply with food safety guidelines and other regulations.
Juices maker Dabur, packaging company Tetra Pak, bottling companies Pearl Drinks and Bengal Beverages, energy drink maker Red Bull, and drip and sprinkler systems firm Jain Irrigation Systems too have joined the association, while about 30-40 others including Bisleri International, Parle...
posted @ Monday, July 05, 2010 2:28 PM |
FoodClips
Source: tradingmarkets.com
Norwegian Orkla chief executive to resign in 2010
July 05 2010 - Norwegian multi-industry group Orkla ASA said last Friday its president and CEO Dag J. Opedal notified the board of directors that he would like to leave his post during 2010, but will continue to chair associated company Renewable Energy Corporation ASA .
Opedal will continue in his position in Orkla until a successor is in place. The board will start the process of hiring a new CEO
Read more [http://www.tradingmarkets.com/news/stock-alert/renwf_norwegian-orkla-chief-executive-to-resign-in-2010-1022139.html]
FoodBizIntel®
Orkla ASA
Address: P.O. Box 162 Sarpsborg, 1701 Norway
Telephone: +47-69-118000
Fax: +47-69-118770
Website: http://www.orkla.com
Email : n/a
About Orkla ASA
Orkla ASA is a Norway-based company...
posted @ Monday, July 05, 2010 12:49 PM |
FoodClips
Source: RTTNews
Premium Brands Holdings Acquires 76% Interest In Maximum Seafood
July 05 2010 - Monday, Premium Brands Holdings Corp. announced that it acquired 76% interest in Toronto, Ontario based Maximum Seafood. The deal is expected to be immediately accretive to both Premium Brands' earnings per share and free cash flow per share.
Premium Brands expects its existing seafood business together with Maximum will create an $85 million sales platform. Maximum Seafood supplies fresh and live seafood products with annual sales of about $56 million.
Read more [http://www.rttnews.com/Content/CanadianNews.aspx?Node=B1&Id=1350937]
FoodBizIntel®
Premium Brands Holdings Corp
Address: 7720 Alderbridge Way Richmond, BC V6X 2A2 Canada
Telephone: +1-604-6563100
Fax: +1-604-6563170
Website: http://www.premiumbrandsholdings.com
Email :...
posted @ Monday, July 05, 2010 12:33 PM |
FoodClips
Source: couriermail.com.au
CSR decides to sell Sucragen to Wilmar for $1.75bn
THE plan to separately list CSR's sugar and ethanol division is off, with the group instead opting to sell the operations to Singapore-based Wilmar International for $1.75 billion.
CSR shareholders can now look forward to getting some cash back - though the group emphasised yesterday it would retain plenty of capital to cover its current and future asbestos liabilities.
The deal with Wilmar, one of Asia's biggest agribusinesses, left China's Bright Food out in the cold.
Read more [http://www.couriermail.com.au/business/csr-decides-to-sell-sucragen-to-wilmar-for-175bn/story-e6freqmx-1225888245109]
FoodBizIntel®
Wilmar International Limited
Address: 56 Neil Road Singapore, 088830 Singapore
Telephone: +65-6216-0244
Fax: +65-6836-1709
Website: http://www.wilmar-international.com
Email : n/a
About...
posted @ Monday, July 05, 2010 12:27 PM |
FoodClips
Source: Reuters
Carrefour, unions reach final deal on Belgian shops
PARIS, July 2 (Reuters) - French supermarket chain Carrefour said on Friday it had come to an agreement with unions to restructure its loss-making Belgian stores.
Carrefour will close 16 unprofitable stores, including nine hypermarkets and seven supermarkets, by the end of 2010. Five of the supermarkets will be re-opened under the Carrefour Market banner as a franchise.
Read more [http://uk.reuters.com/article/idUKLDE6611SU20100702]
FoodBizIntel®
Carrefour SA
Address: 26 Quai Michelet Levallois-Perret, 92695 France
Telephone: +33-1-55633900
Fax: +33-1-55633901
Website: http://www.carrefour.com
Email : n/a
About Carrefour SA
Carrefour SA is a French company that is primarily engaged in retail distribution. The Company operates a network of...
posted @ Monday, July 05, 2010 10:35 AM |
FoodClips
Source: Reuters
Swiss consumption picks up, Europeans stay away
ZURICH, July 5 (Reuters) - Swiss retail sales posted a strong rise in May, reflecting a healthy recovery in private consumption but European tourists spent fewer nights in Swiss hotels as the strong franc priced some out of the market.
Retail sales rose 3.8 percent in May in real terms versus the year-earlier month and were 1.3 percent higher compared to the previous month when adjusted for seasonal effects, the Federal Statistics Office said on Monday.
Read more [http://in.reuters.com/assets/print?aid=INLDE6640DP20100705]
posted @ Monday, July 05, 2010 10:31 AM |
FoodClips
Source: Reuters
Carrefour starts $1 bln sale of Asia units-sources
SINGAPORE, July 5 (Reuters) - Carrefour has launched the sale of units in Malaysia, Singapore and Thailand,
sources with direct knowledge of the matter told Reuters, in a deal that could raise around $1 billion for the French retailer.
Carrefour is working with investment banks Goldman Sachs and UBS on the auction, which is expected to generate interest from both corporate buyers and private equity firms, the sources said on Monday.
Read more [http://www.reuters.com/article/idUSTOE66407H20100705]
FoodBizIntel®
Carrefour SA
Address: 26 Quai Michelet Levallois-Perret, 92695 France
Telephone: +33-1-55633900
Fax: +33-1-55633901
Website: http://www.carrefour.com
Email : n/a
About Carrefour SA
Carrefour SA is a French company that...
posted @ Monday, July 05, 2010 10:26 AM |
FoodClips
Source: RTTNews
Hong Kong Retail Sales Rise For Ninth Month In May
July 02 2010 - Retail volume in Hong Kong increased for the ninth consecutive month in May on the back of a sharp rebound in inbound tourism.
Retail sales increased 16.2% year-on-year in May in terms of volume from 12.4% in April, the Census and Statistics Department said Friday. Economists were looking for a 13.8% rise. Sales have been increasing since August 2009.The value of sales increased 19.7% annually, while economists were expecting a 17.3% increase. The sales value for April had been revised down slightly to 15.5% from 15.6%.
Read...
posted @ Friday, July 02, 2010 2:03 PM |
FoodClips
Source: The Wall Street Journal
Wal-Mart Merchandising Chief to Resign
Wal-Mart Stores Inc. said Chief Merchandising Officer John Fleming would resign from the company on Aug. 1, leaving the retail giant after 10 years of service and becoming the latest executive change.
Mr. Fleming, who has served in the merchandising chief role since early 2007, joined the company in 2000
Source [http://online.wsj.com/article/SB10001424052748704293604575342861644470030.html]
FoodBizIntel®
Wal-Mart Stores, Inc.
Address: 702 Southwest 8th Street Bentonville, AR 72716
Telephone: +1-479-2734000
Fax: +1-479-2771830
Website:http://www.walmartstores.com
Email : n/a
About Wal-Mart Stores, Inc.
Wal-Mart Stores, Inc. (Wal-Mart) operates retail stores in various formats worldwide. The Company provides an assortment of merchandise and services. Wal-Mart operates in three...
posted @ Friday, July 02, 2010 1:56 PM |
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