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carrefour\'s board of directors has backed a plan to merge its operations in brazil with the country\'s largest retailer cbd. the world\'s second-largest retailer said today (4 july) that the proposal - put forward last week by gama, a fund managed by brazilian investment bank btg pactual - would \"significantly increase its exposure to growth markets\". under the plan, carrefour will own 50% of the enlarged business but, by 2013, when the retailer expects to fully consolidate the combined entity, 40% of the french firm\'s sales will come from \"growth markets\".
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casino today (4 july) insisted that a proposal to merge brazil\'s largest retailer cbd with carrefour\'s local operations needed its support to go through. the french retailer, one of cbd\'s two controlling shareholders, has publicly opposed the plan since it was announced last tuesday. earlier today, carrefour said its board of directors had backed the plan, which was put forward last week by brazilian investment fund gama and is supported by abilio diniz, the head of the other key shareholder in cbd.
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nestle is in talks with chinese confectioner hsu fu chichinese confectioner hsu fu chi today (4 june) confirmed that it has held talks with nestle over a potential takeover. in a notice to the singapore stock exchange, hsu fu chi said that the \"preliminary discussions\" are in relation to a \"possible transaction\" that \"may or may not lead to an offer being made for the shares in the company\".
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swiss food giant nestlé is in talks to buy leading chinese confectionery firm hsu fu chiin, a deal that would cost about $2.6bn. nestlé confirmed to confectionerynews.com this morning that it \"is engaged in preliminary confidential discussions with hsu fu chi.\" the swiss group added that it \"has no further comments to make at this stage.\" “strategically, we would view the deal positively since it would give nestlé access to china’s fast-growth $6bn confectionery market and allow the group a number of international cross-selling opportunities,” claims mf global analysts.
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pepsico uk admits it has not hit all its self-imposed targets to make products healthier, but says the economy and technical challenges are partly to blame. president richard evans said the company was “delivering on our promise to reformulate our core products and reshape our portfolio”. in a company report he highlighted salt levels in walkers crisps (which have fallen by an average of 11.
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singapore-based olam international has failed in its bid to secure 100% of dairy group nz farming systems uruguay. the company said yesterday (30 june) that it had acquired some 85.93% of the dairy group\'s shares. the shareholding fell short of the 90% stake olam need to acquire to trigger a compulsory acquisition of the remaining shares. olam\'s attempt to acquire nzsfu has been a protracted one, starting in july last year.
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swedish vegetable oil producer aak has acquired us fats and oils maker golden foods/golden brands. aak president and ceo arne frank said today (1 july) that the deal was an \"integral part\" of the swedish company\'s acceleration plan. frank said the acquisition of the golden foods/golden brands \"significantly strengthens our ability to supply existing and new customers with a broader portfolio of speciality oils and fats solutions\".
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james mccann has joined aholdahold has appointed james mccann in a newly-created development role just a month after he left surprisingly left rival retailer carrefour. mccann was previously executive director for carrefour\'s domestic unit in france. however, he only spent 14 months in the role and left carrefour in may shortly before the retailer forecast a 35% fall in half-year profits from its french division.
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Coca.Cola
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PEPSI
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Mcdonald
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Nestle
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Mars
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Baskin & Robins
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Nutrika
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Mumika
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Chika
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