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eu commission clears proposed acquisition of french retailer picard by lion capital
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one of lion capital's portfolio companies, findus, is active in the supply of frozen food to the retail sector. after examining the operation, the commission concluded that the transaction would not significantly impede effective competition in the european economic area (eea) or any substantial part of it. picard is a retailer of frozen food through a network of specialised shops ("freezer centres") under the picard brand mostly in france. lion capital is a private equity investor. it controls among others findus, a uk based company that supplies frozen food to retailers under the findus brand. findus produces a wide range of frozen fish and seafood products, ready meals and frozen vegetables across the eea. the two companies are active at different levels of the supply chain and, therefore, the proposed transaction does not result in any horizontal overlaps. however, a vertical link does exist as findus is a potential supplier to picard. as their respective market share on the upstream and downstream market is modest, the commission also found no indications that findus and picard would have the ability or incentive to shut out competitors on the retail or manufacturing sectors. moreover, there remain sufficient alternative suppliers of frozen food. the commission therefore concluded that the proposed transaction would not raise any competition concerns. the commission received the complete notification of the proposed transaction on 27 august 2010.
Source :flex-news-food.com
Date :
1
October
2010
Category :
food industries Economic
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people in australia are becoming hooked on sustainable seafood, says the marine stewardship council (msc), with more fisheries, suppliers and retailers seeking msc certification to meet growing consumer demand for sustainably-sourced seafood products. “a growing number of fisheries in australia, and worldwide, want to show their commitment to sustainable fishing by getting certified to the msc environmental standard for sustainable fisheries.
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barring another financial crash, the uk sandwich market should continue to see solid growth this year as shoppers tire of making their own packed lunches and look to retailers and caterers to provide an affordable alternative, according to one leading supplier. var media_image=\"/var/plain_site/storage/images/publications/food-beverage-nutrition/foodmanufacture.co.uk/business-news/greencore-sandwich-market-has-solid-potential/2121623-1-eng-gb/greencore-sandwich-market-has-solid-potential.
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operating overview strong performance in bakery with sales and margin progression frozen re-focused on core product strengths chilled sales growth driven by sandwiches & salads; change programme in ready meals to strengthen operating position investing for growth: brands: goodfella’s pizza re-launch during h1 2010/11 future cost efficiencies: major biscuits investment (project golden) on track with the majority of spend during h1 2010/11 new customers: commenced 10 year british airways supply contract; secured new costa coffee business stefan barden, chief executive, said: \" northern foods has traded solidly in challenging market condtions.
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the notion of going green, buying organic, and sourcing free trade products is gathering momentum in australia and around the world, but research released in australia suggests the added expense remains a significant deterrent. business information analysts ibisworld decided to test the theory that sustainable grocery shopping was too expensive, revealing that, while the ‘organic’ food shopping basket was 70% more expensive, there are a host of cost-effective ‘green’ options.
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marks & spencer's commitment to remove all hydrogenated fats from its entire food range by mid 2006 suggests that awareness of trans fats has now fully hit europe. the firm is the first major retailer in the uk to place a blanket ban on hydrogenated fats, and could set in place a trend that snowballs, with consumer choice increasingly informed by health and nutritional knowledge.
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two months before it goes to trial, the fda has told california attorney general bill lockyer that his lawsuit against the canned tuna industry over mercury warnings could cause consumers to eat less fish and miss out on the health benefits. lockyer filed a suit against three californian tuna producers - tri-union seafoods, del monte and bumble bee seafoods - in june 2004, for failing to label their albacore and light tuna products with warnings over potential mercury content.
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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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Chika
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