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Dated: 13 August 2007
The sports nutrition market in Europe will grow beyond €4 billion (US$5.4 billion) in 2010 and at a rate faster than the North American market, according to a recently released report by 3A Business Consulting.
The Sports Nutrition and Ingredients 2007-2010 report, which covers European sport nutrition market trends, product innovations and ingredients, also noted that large food and beverage players have taken the lead in the sports nutrition business.
Approximately 75 percent of the sport nutrition market value is comprised of ready-to-drink sport drinks and sport nutrition bars, and the big players are Coca-Cola, Smith Kline Beecham, Nestle, and PepsiCo, the report said.
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Unilever's top executives had to baracade themselves in a private dining room at the Taj Mahal hotel in Mumbai last week to prevent themselves from being shot at by terrorists. They then had to smash a window and make a dramatic escape, according to a report in The Times.
A year after unveiling its e-commerce site, Meijer will now begin offering grocery and dry good items bought in bulk from www.meijer.com. Unlike existing online grocery services that charge a delivery fee, Meijer will offer free shipping for orders of US$150 and more.
Tesco's like-for-like sales, excluding petrol, rose by just two per cent rise in the UK for the third quarter, the lowest rise in growth since 1993. However, total group sales rose 11.7 per cent
thanks to strong international performance.
Carrefour will be opening two new stores in Romania. The French retailer entered the supermarket segment in the country by acquiring the 21-store Artima chain last year for €55 million. By the end of this year, 20 Artima stores will be rebranded as Carrefour Express.
Ten Russian food retail companies have asked state banks for a total of €1.4 billion in loans to help survive the global financial crisis. The companies include X5 Retail Group, Magnit, Dixy and Seventh Continent, as well as smaller rivals Lenta, Kopeika, O'key, Holiday, Mosmart and Victoria.
The Rewe Group has been given the go-ahead to takeover 328 Plus stores from Tengelmann in Germany. The German anti-trust body, Bundeskartellamt, has unconditionally approved the acquisition by the country's second-largest food retailer.
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