Food and health supplements company, Cerebos, has announced plans to expand its research and development facilities in Singapore to as large as four times its current size over three years.
Supported by a grant from Singapore’s Economic Development Board, the expansion of its Science Park facility will enhance R&D with two technologies that are still in their infancy in the country.
They are non-invasive brain EEG measurement which determines the effect of a health food or supplement on brain function, and sensory science and senso-metrics technology which uses objective scientific criteria to assess consumer preferences.
Cerebos’ expansion will establish Singapore as the regional research hub for all of the company’s health supplements products, including its best known product, BRAND’S Essence of Chicken.
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Price promotions and the decision to only partially pass on food price inflation to customers have led to a downturn in second quarter margins for Ahold. Net sales for second quarter 2008 were EUR 5.8 billion, down 0.8% from the same period last year. At constant exchange rates, net sales increased by 7.3%.
Despite the credit crunch, drinks giant, Diageo reports another year of strong organic growth with net sales up 7% and operating profit up 9%. Sales rose to £8.09bn up from £7.48bn last year while sales volumes increased by about 3%.
Stop & Shop and Giant Landover supermarkets in the USA are getting a new-look and new logos. The stores are being revitalised as part of a series of new initiatives designed to enhance the customer store experience.
Tesco has raised £605 million (€ 758 million) from four sale & leaseback of properties in the latest phase of its ongoing programme of releasing value from its UK property portfolio.
The deal includes 13 Tesco stores, which account for about 2.4% of its UK store square footage, and a distribution centre.
After a 30% drop in its third-quarter net income, a down economy, and a ground beef recall because of possible E. coli contamination, Whole Foods will be laying off 49 workers, 13% of the people at it's corporate headquarters, after also closing its Austin (Texas) bakery only a few months ago.
Store brands account for 75% of Fresh & Easy sales. The Tesco-owned Fresh & Easy Neighborhood Market has now produced its 3 millionth product - a 17-ounce package of store brand mashed potatoes - and plans to add over 250 new Fresh & Easy brand products to its stores over the next several months.
