Posted by Turgut Ziyal on Saturday, December 24, 2011,
In :
confectionery
An interesting and short presentation compiled by confectionery.com: click here Continue reading ...
Posted by Turgut Ziyal on Sunday, March 13, 2011,
In :
confectionery
UK Fairtrade sales jumped 40 per cent to an estimated retail value of £1.17bn in 2010 from £836m in 2009.
Sales of Fairtrade chocolate confectionery have more than quadrupled in 2010 to an estimated retail value of £342m, making chocolate the leading Fairtrade product by value in the UK, according to the Foundation. Sales of Fairtrade drinking chocolate have nearly trebled to an estimated retail value of £34m, it added.
Eileen Maybin, a spokesperson for the Fairtrade Foundation told t... Continue reading ...
Posted by Turgut Ziyal on Sunday, March 13, 2011,
In :
Marketing
Several of the multinational confectionery brands are launching new ad campaigns to highlight existing brands. Kraft introduced the new £4 million tv campaign for Toblerone on 1 March. It features a woman going to extraordinary lengths to enjoy her Toblerone, such as using a hairpin and the lid of a grand piano to break a piece off. “Our TV and online campaigns are only the start. We’re looking forward to growing its loyal customer base,” says brand manager Stephanie Rasche.Meanwhile... Continue reading ...
Posted by Turgut Ziyal on Friday, January 7, 2011,
In :
confectionery
According to news in Turkish press Ferrero will start production in Turkey. Ferrero has recently bought a 140 k m2 land in Manisa (an industrial city at the west coast of Turkey near to Izmir). Ferrero will invest 30 million Euros for building the manufacturing plant. Currently Ferrero imports several products to Turkey but their prime product is Kinder Surprise. Recently Nestlé Turkey has also entered into surprise egg market by acquiring 51% of Balaban and Dogan who are manufacturing "toto... Continue reading ...
Posted by Turgut Ziyal on Wednesday, July 28, 2010,
In :
Marketing
Nestlé is the leading multinational company when it comes to developing marketing strategies for Muslim consumers, according to Miles Young, worldwide CEO of Ogilvy & Mather. Speaking to Warc at the Oxford Global Islamic Branding and Marketing Forum at the Saïd Business School, Young said Nestlé had most quickly identified Muslim shoppers as an important demographic."Nestlé is probably the role model for doing this properly. It has done it out of conviction – there's a commitment in ever... Continue reading ...
Hershey and Nestle are among the final bidders for Wedel, the Polish business Kraft Foods acquired from Cadbury takeover, which is going to be sold to win the EU clearance for the acquisition of Cadbury.
It is reported that Kraft has shortlisted potential buyers to six, including two buyout firms and four strategic players. Final bids are due by the third week of June.Private-equity firms include Bridgepoint and Advent International, along with Nestle and Hershey.
Wedel is said to be valued... Continue reading ...
Posted by Turgut Ziyal on Friday, June 11, 2010,
In :
confectionery
Hrshey's Indian joint venture Godrej Hershey is reported to be introducing chocolate products into Indian confectionery market. The JV was established in 2007, and it was focused on mainly food and sugar confectionery products in India.Hershey holds 51% of the joint venture. The JV has already introduced a chocolate syrup into the Indian market from Hershey's portfolio.
According to Euromonitor reports that the growing Asian economies and rising consumer affluence have resulted in consumer... Continue reading ...
Posted by Turgut Ziyal on Friday, June 4, 2010,
In :
food news
According to Forbes magazine, Reputation Institute, a global private consulting firm based in New York, uncovered 28 companies that have established international merit. Earlier this year it conducted a survey to assess the strength of the world's 600 largest companies (by revenue) in their home countries. Then consumers in 24 countries, from Brazil and the U.S. to Spain and South Korea, judged the 54 highest-rated companies, giving them more than 181,000 reputation ratings--from 0 to 100--on... Continue reading ...
Posted by Turgut Ziyal on Tuesday, May 25, 2010,
In :
food news
Dairy group Danone is at the top of the list for category dominance in the European food sector, followed by Unilever and Nestle, according to a new report by Sanford C. Bernstein Research Company of USA. The researcher identifies a sustainable top line growth based on categories, markets, category dominance and execution. Holding the top position in a category is considered a major business advantage, not only because of higher sales volumes but also because it allows for improved negotiatio... Continue reading ...
Anglo-Dutch consumer goods giant Unilever has appointed former Nestle executive Eugenio Minvielle to oversee the company's North American businesses. Mr. Minvielle who served as president and CEO of Nestle's businesses in France, Mexico and Venezuela, will join Unilever as executive vice president, North America. Mr.Minvielle will be responsible for Unilever’s US$10bn operations in the US, Canada and the Caribbean. He will report to Dave Lewis who was recently appointed to replace Michael P... Continue reading ...
Posted by Turgut Ziyal on Monday, March 29, 2010,
In :
labelling
French food group Danone waits a European ruling on the health benefit claims it makes on two of its best-selling yoghurts Activia and Actimel. The decision expected from the European Food Safety Authority (EFSA) is important for Danone mainly because its strategy focuses on differentiating dairy brands with a "good for you" proposition. If a negative decision appears, this could ultimately force Danone to redesign its growth model in dairy business, which made up almost 60 percent of the gr... Continue reading ...
Posted by Turgut Ziyal on Monday, March 22, 2010,
In :
general
In USA, Nestle USA, Inc. and Mars, Inc. have joined top beverage companies, health groups and the National Parent Teacher Association to support legislation that would update nutrition standards for all foods sold in the nation’s schools.
Jointly signing a letter from the American Beverage Association (ABA), along with Coca-Cola Co. and PepsiCo. Inc., the confectionery companies are in favor of expanding the U.S. Department of Agriculture’s (USDA) updating of standards for school meals a... Continue reading ...
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... Continue reading ...
Kraft Foods has this morning (5 January) revealed plans to offer more cash to the shareholders of Cadbury. This happends after Kraft agreed to sell its North American frozen pizza business to Nestle. In this new offer Cadbury investors will have the chance to receive a "partial cash alternative". Meanwhile, in the wake of the pizza sale, Nestle, which had been also shown as a possible bidder for Cadbury, issued a statement to announce that "does not intend to make, or participate in, a for... Continue reading ...
This news supports my comments few weeks ago that in Cadbury deal we should keep an eye on Hershey-Nestlé coalition....I still beleive there are good reasons and mutual benefits for them in such a joint take-over action. Most probably Cadbury will support any non-Kraft offer which is somehow higher than original Kraft bid.
US chocolate giant Hershey has been in contact with Nestle over a possible joint bid for Cadbury, according to reports.
An offer between the two could challenge the hos... Continue reading ...
LONDON/CHICAGO (Reuters) - Kraft Foods made its formal $16.1 billion offer to Cadbury shareholders, triggering a two-month takeover fight for the chocolate maker and a frosty response from Britain.
UK business secretary Peter Mandelson warned the U.S. food giant it would face a backlash if it tried to buy Cadbury on the cheap. "If you think that you can come here and make a fast buck you will find that you face huge opposition from the local population ... and from the British government,... Continue reading ...
Kraft Foods remains the favourite to buy Cadbury, a leading industry analyst claimed even if US chocolate maker Hershey tables a bid for the Dairy Milk maker.
Andrew Wood, senior research analyst covering European food companies at Sanford Bernstein, said Kraft was still the front-runner to buy Cadbury. Wood suggested, however, that a "likely" bid from Hershey - either on its own or alongside Ferrero or Nestle - would mean an acquisition of Cadbury would not be the "steal" that Kraft had ho... Continue reading ...
Hershey's controlling Trust has belatedly accepted that, without doing a deal, the chocolate company faces slow decline. That removes one obstacle to Hershey challenging Kraft in the battle for Cadbury.
Hershey will struggle to acquire a company twice its size. Given limited geographical overlap, moreover, synergies would probably be less than Kraft’s targeted $625m a year. A mooted $17bn offer, including $10bn cash, would leave combined Hershey- Cadbury with debt of five times earnings be... Continue reading ...
In last couple of days news about Cadbury- Kraft deal comes one after the other. So when we start a new week we have practically three options analysts talking about:
- Kraft
- Hershey and Ferero coalition
- Nestlé may bid as well
But when all the rumors and analysis read carefully, what I see as the most interesting option would be a Hershey bid backed by Nestlé. Nestlé definetely will not like to see a "Kraftbury" threat to its chocolate market, but it cannot make a direct bid to Cadb...
Continue reading ...
Posted by Turgut Ziyal on Thursday, October 29, 2009,
In :
food news
Todd Stitzer, chief executive of Cadbury, will this week face pressure from shareholders to prove that Britain's favourite chocolate manufacturer can deliver strong growth as an independent company, as a renewed takeover bid from US food giant Kraft looms.
Danone said it was prepared to spend a total of GBP 915m on acquisitions as the world’s largest yoghurt maker reported better than expected third-quarter sales and confirmed full-year guidance. Nestle, said it is even "leaner, fitter and ... Continue reading ...
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About This Blog:
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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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