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dutch retailer royal ahold said on monday that it would bid about $50 million for the shares of chilean supermarket firm santa isabel that it did not already own. ahold, the world's third biggest food retail and foodservice group in sales terms, already owns 69.7 per cent of santa isabel through its latin american unit disco. spokesman nick gale said ahold is required under chilean law to make a bid for the remaining shares in santa isabel, which has 117 supermarkets in chile, peru and paraguay with 2001 sales of around €771 million.

evidence about the health benefits of moderate drinking is mounting, with new research showing that beer is just as good for you as red wine. a university of new england (une) study has revealed that beer has the same positive effect as red wine in reducing cholesterol and preventing cell death in the body. professor ken watson, of the une's school of biological, biomedical and molecular sciences, observed the effect of drinking on antioxidant levels in the blood.

in the latest annual survey of britain's top 50 brands, published by research firm ac nielsen and marketing magazine some unexpected names are growing at the quickest rate, as britons shift to healthy, organic and gourmet products. hipp and baby organix baby foods are both represented in the top 10 fastest growing brands which are: nothing comes closer to sugar, charmin, lowther's cakes, baby organix, danone bio activ, banrock station, supasweet, hipp, homepride pasta sauces, blossom hill.

large-scale chinese food companies will set the direction for the development of china's food industry in the next few years, an international exhibition in beijing shows, according to a report from the xinhua news agency. fruit juice and drinks comprised the biggest group of exhibits at the china international exhibition of extensive processing of agricultural produce and food industry that opened in beijing on saturday.

food conglomerate nestle has emerged as the favourite to win a multi-billion auction for american chocolate icon hershey foods although investors took a cautious approach to reports a firm offer was already on the table. analysts and bankers expect nestle, the world food and drinks leader, to bid aggressively for the famed maker of hershey's kisses in order to cure its weak position in the us confectionery market.

japan's nippon meat packers is considering spinning off its meat operations, after a devastating beef mislabelling scandal sent consumer confidence plunging, the nihon keizai shimbun said. the company will likely shift to a holding company structure that would place its operations in ham, sausage, beef and processed products under its umbrella, according to the paper's online tuesday edition.

research has yet to find evidence soy and garlic supplements have any health benefits at all, in spite of their current, and increasing, popularity, experts in the us agreed last week. garlic and soy as food may have beneficial effects on the heart, but it is not entirely clear which constituents are doing the work, experts agreed after a two-day conference on the subject. "i have to say that in most of the areas we still have too many questions," dr curt furberg of wake forest university in north carolina told the conference.