Cargill Texturizing Solutions brings its technical and applications expertise to Chinese food manufacturers with the April launch of its new website. At www.cargilltexturing.cn, users will find a fully searchable site on Cargill’s products and solutions across the food industry: beverages, dairy, frozen desserts, confectionery and chocolate, bakery goods, ready-to-eat foods, processed fruits and vegetables, and meat. It also includes an additional section for the pharmaceutical and personal care industries. A contact function in each page underscores the importance Cargill places on being there for and knowing what its customers in China want. "By being on the ground with our customers and speaking the same language, we make sure that we develop and deliver products which precisely fit their requirements," says Dr Fan Weiyu, commercial director for Cargill Texturizing Solutions, Asia Pacific.
Analysts at JP Morgan stated that that the economic downturn in the US is expected to have a negative impact on Ahold’s US operations, and has downgraded the company from "overweight" to "neutral," while also reducing their estimates for the company. The target price has been reduced from €10 to €9.
Internet coupons are of increasing interest to US consumers, according to a recent analysis by consumer and media measurement firm Scarborough Research. 11% of households currently obtain coupons via the Internet, an 83% increase since 2005.
The Co-operative Group has agreed to purchase UK grocery retailer Somerfield for £1.565bn (€ 1.97 bn) ending months of speculation about who would buy Britain's seventh largest grocery chain.
The Belgium-based Delhaize Group has now projected its net income for 2008 will increase by 15 to 20%, down from a previous forecast of 25 to 30%. Annual sales growth is predicted to be between 3 and 4.5%, less than its previous forecast of 4 to 5.5%.The retailer cites...
Woolworths, and fellow retailer Foodstuffs Ltd, are currently awaiting the outcome of a New Zealand court appeal process to determine if either company will be allowed to make an offer for The Warehouse.
The German retail giant, Rewe, struck a deal in March to buy the 146 Tengelmann's Plus stores in the Czech Republic to merge the chain with its own discount business, Penny; but the acquisition will now face a domestic anti-trust investigation as the European Commission has agreed to allow the Czech Competition Authority to rule on the takeover.
