UK: Unilever announces sale of spreads business
Unilever, the Anglo-Dutch FMCG giant, has announced that it is looking to sell its margarine and spreads division, confirming recent speculation that such a move might be on the cards. The unit, which includes brands such as Flora, Bertolli and Stork, could fetch as much as $6 billion in a sale, according to analysts. The […]
UK: Nush launches cashew milk yoghurts
UK-based dairy free yoghurt maker Nush has launched what is said to be the first cashew milk yoghurt range in Europe. Described as being produced using up to 20% of pure cashew and vegan probiotic cultures, Nush Cashew Milk Yoghurt is also said to be rich in plant protein and follows the firm’s launch of […]
UK: Reckitt Benckiser plans to sell food business
British consumer goods multinational, Reckitt Benckiser is considering the sale of its food division to help pay for the $16.6 billion acquisition of baby food maker Mead Johnson Nutrition, according to a report in Bloomberg. The food business, which includes French’s mustard and ketchup, had sales of £411 million ($515 million) last year, and could […]
Ireland: Virginia Health Foods launches Squbes seed cubes
Irish food firm Virginia Health Foods has launched a new range of what it describes as “savoury snackable seed cubes” under the Squbes brand name. Promoted as “no mess, nutritious, savoury snack, full of flavour and with no refined sugar”, Squbes Seed Cubes are said to be made with 100% natural ingredients and no wheat, […]
Portugal: Auchan launches My Auchan convenience store concept
Retail giant Auchan has launched a new convenience store brand in Lisbon called My Auchan, according to a report in HiperSuper. The move is the result of a €6 million ($6.4 million) investment, and six of the stores are expected to open by the end of the year, Among the characteristics of the new “ultra local” […]
Germany: Aldi invites customers to design their own dessert topping
German discount retail giant Aldi Sud has launched a promotional campaign called Mein Fan-Pudding, asking customers to design their ultimate dessert topping to be rolled out later this year in their stores. Shoppers can upload their designs through the Aldi Sud Facebook page from now until 5th April. The one with most votes will then […]
Austria: Brandt acquires Feldbacher brand
Brandt, the German crispbread firm, is to acquire the Austrian brand Feldbacher as it bids to expand its presence in Europe, the Westfalen Post reports. Feldbacher is the number one Austrian brand of crispbread and was first produced in 1922. It is currently owned by Bahlsen, the leading German manufacturer of biscuits, snacks and other […]
Russia: Magnit reports 13% increase in revenue for 2016
Leading Russian food retailer has posted a 13.07% increase in annual revenue to 1.07 trillion RUB ($19.0 billion), according to recently published full year results . The retailer’s gross profit increased to 295.76 billion RUB ($5.25 billion), with its margin standing at 27.52%, according to a report in European Supermarket Magazine. The retailer is said to have added a […]
Italy: Granarolo to strengthen presence in Brazil with Allfood stake
Italian dairy company Granarolo has acquired a 60% stake in Allfood, one of the leading importers and distributors of European food in Brazil. The deal represents the second deal concluded by the Italian group in Brazil in the last two years, following its acquisition of a 60% stake in the cheese producer Yema in 2015. […]
Italy: Aldi shows interest in acquiring Tuodi
German retailer Aldi Sud has shown an interest in acquiring Italian discounter Tuodi, which has reportedly been suffering financial problems since 2013 and is now up for sale, according to a report in Milano Finanza. Tuodi is said to have announced itsdecision to sell the business after failing to recover from losses of €33.7 million ($36.4 […]