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Krupskaya, a Russian confectionery company part of Orkla of Norway since 2006, has announced that it will acquire 100% of OOO Peterhof, a producer of chocolate spreads and cookies based in St. Petersburg. Peterhof employs 450 people. The parties have agreed not to reveal the financial details of the transaction.The deal is subject to approval by the Federal Antimonopoly Service. Orkla enjoys market leadership in chocolate paste spreads in Norway under our 'Nugatti' brand. Krupskaya General Di...
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Lindt & Sprüngli revealed that its 2009 fiscal year  profits dropped by 35.4% as the economic downturn hit demand for its premium chocolate products. Lindt says that the global economic crisis caused the chocolate market have decline in sales for the first time in ten years. Price conscious consumers also increasingly looked to private label products, Lindt also mentions that the currency fluctuations and higher cocoa prices reduced their profitability.

Looking to the coming year, Lindt fore...
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The gum, mints and breath fresheners market has seen sales increase over 10% since 2007 in the US, despite the recession, according to a research from Mintel. Mintel expects this growth rate to continue through 2014. According to this reaseach, the main reason behind this recession proof  characteriscis of gum and mint is their low price point and consumers' wish to have  a reward for himself or herself without spending so much.

Mintel also concludes that  innovative packaging and unique flavo...

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Nowadays, many analysts are trying to define the consumer attitude during  post-recovery period after the economic downturn. Most of these studies suggest that the consumers have changed  their shopping behaviour like preferring private label products during the crisis period and now even after the economy hints an upward trend, they will keep these attitutes.

In this blog apart from sharing with you the most important or interesting (according to me) daily news in the food industry, I am  al...
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After decades of behaving differently, Japanese consumers suddenly look a lot like their counterparts in Europe and the United States. Celebrated for their willingness to pay for quality and convenience and usually uninterested in cheaper products, Japanese consumers are now flocking to discount and online retailers. Sales of relatively affordable private-label foods have increased dramatically, and many consumers, despite small living spaces, are buying in bulk. Instead of eating out, people...

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Turkish group Yildiz Holding, owner of food company Ulker and chocolatier Godiva, may hold IPOs for some of its units, the head of the company's investment and business development department said on Thursday. Each unit of Yildiz Holding has an IPO strategy and it would not be a surprise if some of them start an IPO process in coming days, Zeki Ziya Sozen told a news conference.

A statement released before the company's annual performance assessment meeting said food activities created 8.8 b...

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Western companies have succesful trials for product localizations for entering to markets like Japan. Pepsi with cucumber flavored soft drink or McDonalds with Filet-O-Shrimp burgers are good examples.

Another good example for product localization is being executed for KitKat by Nestle again in Japan. Being a well known brand as a chocolate, Kitkat now has  19 local flavors  originating from different parts of Japan, from miso to soybean these tastes serve to the regional palate.

Read the detai...
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