The New Japanese Consumer

March 12, 2010

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 are entertaining at home. Workers are even packing their own lunches, sparking the nickname bento-danshi, or “box-lunch man.” This fundamental shift in the attitudes and behavior of Japanese consumers seems likely to persist, irrespective of any economic recovery. That’s because the change stems not just from the recent downturn but also from deep-seated factors ranging from the digital revolution to the emergence of a less materialistic younger generation.

To learn more about why and how the consumer behavior in Japan is changing you may read the recent article in McKinsey Quartely . To do this you may need to be a member which is free.

 

Turkey's Yildiz Holding Says May Hold IPO for Some Units

March 12, 2010
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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Product Localization: Kitkat strategy in Japan

March 10, 2010
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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Mars sponsors Scotland Football Association

March 10, 2010
Mars Inc has signed a four-year sponsorship deal with the Scottish Football Association in a bid to encourage more adults to play football in Scotland.

The move follows a deal with Mars and the English FA last year and will include media partnerships with The Sun in Scotland and its existing relationship with Talksport. As part of the deal, Mars will become an ‘official partner’ to Scotland until July 2014. The focus of the relationship will be to work with the Scottish FA to encourage foo...

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Easter brings new products: Hershey introduced new bunnies!

March 10, 2010

US chocolatier Hershey has launched new chocolate gifts for the Easter period.

The Hershey range includes three varieties of chocolate bunnies; a 5oz Hershey’s Solid Milk Chocolate Princess Bunny, Hershey’s Cookies ‘n’ Crème Bunnies and Hershey’s Bliss Milk Chocolate Bunnies with a Meltaway Centre.

A Cadbury range, for which Hershey holds the US licence, includes; Cadbury Clucking Bunny Plush Toy with a Cadbury Crème Egg, Cadbury Mini Eggs Candy and Cadbury Caramel Eggs.

In addition,...


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Belgian Icecream Group (BIG) is for sale

March 10, 2010
Belgian holding company NPM/CNP Compagnie Nationale à Portefeuille is reportedly planning to sell its wholly-owned company Belgian Icecream Group (BIG). BIG is Belgium's biggest ice cream producer and reported a turnover of 88 million euro in 2008. BIG employs about 500 people. Banca Leonardo, has been appointed to handle the transaction, according to the Belgian press.  The company has 3 production sites in Belgium (Tielen, Chênée and Kuurne) and 7 depots all over the country

Belgian da...


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Wîll Danone acquire Dean Foods?

March 8, 2010
If rumors are correct yes!

Shares of Dean Foods Co, the largest U.S. milk producer, jumped as much as 8.3 percent, fueled by talk that France's Danone could acquire the company. "There is a rumor circulating that Groupe Danone is interested in acquiring Dean Foods. That possibility has spurred call option buying today in the stock," said Jud Pyle, chief investment strategist at Options News Network, a division of option market making firm PEAK6 Investments.

A spokesman for Danone declined to co...
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Kraft handed over Europe to Cadbury's UK Managing Director

March 5, 2010
Mr.Trevor Bond, Cadbury’s UK managing director, has been handed a new role overseeing Kraft Foods’ European businesses.

Mr.Bond is promoted to president (markets) of Kraft Europe, giving him responsibility for the group’s individual national business units.Kraft’s UK and Ireland MD, Mr.Nick Bunker, takes over the combined UK business of Kraft and Cadbury. They will both report to Kraft European president Mr.Mike Clarke.

Mr.Clarke said retaining Bond reflected the “‘best of both...


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About This Blog:


getfoodnews In this blog I try to compile the news related with food industry. This includes food companies, retailers, ingredients, regulations, mergers&acqusitions and others. In each post I try to designate the source of the news and add a link to the original document. I hope you find it useful. For any comments please feel free to send me an email (turgut@getfoodnews.com). You can post your comments inside the boxes appearing at the end of each posting when clicked the headline.
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