12 April 2003

The Grocer

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  • Ahold to face probe in Holland

    17 Apr 2003

    Troubled global retailer Ahold could face scrutiny by Dutch prosecutors about financial declarations it made to auditors with regard to its Scandanavian joint venture with ICA.The Financial Times reported that documents filed by Ahold with...

  • Altria sales drop

    17 Apr 2003

    US conglomerate Altria said first quarter turnover fell almost 6% on the back of declining cigarette sales in the US and lost contribution from Miller Brewing sold to South African Breweries last July.Group sales dropped to to $19.4bn from...

  • Asda ups its Scottish carrots

    17 Apr 2003

    Asda is to do away with foreign imports of carrots at its stores by doubling the amount of the vegetable it sources from Scotland this year.Produce manager at Asda, John Shoesmith, said by working with growers in Scotland over the last three...

  • Cool sales hot up

    17 Apr 2003

    Great weather and public holidays upon us Coors Brewers reminded the convenience sector to the “huge occasion opportunities” for lucrative impulse beer sales brought on by the barbecue season.According to the Coors 22% of lager is bought on...

  • Coke’s volumes fall

    17 Apr 2003

    Soft drink giant Coca-Cola said first quarter turnover rose but the war in Iraq, a strike in Venezuela and the late timing of Easter had dampened sales worldwide.Group turnover rose 10% in the quarter to $4.5bn from $4.08bn last year. Coke's...

  • Cott eyes expansion

    17 Apr 2003

    Own label soft drinks maker Cott has hired more staff as first quarter sales growth in the US rose 21% and added it was looking for acquisitions to boost its presence in the market.Cott, which bottles Wal-Mart's Sam's Choice beverages among...

  • Novelty sweets warning

    17 Apr 2003

    Novelty liquid sweets imported from Spain and distributed to smaller shops across the UK can cause burns to the mouth, the Food Standards Agency has warned.Manufactured by King Real in Spain the sweets Roll on King, Spray King and Tuby Acid...

  • Price promotion overkill on yogurts

    17 Apr 2003

    The level of price promotions in the yogurts and pot desserts market is undermining its message of health and taste, according to two brand leaders. Both Nestlé Chilled Dairy’s head of marketing, Linda Evans, and Yoplait marketing director...

  • Somerfield bidders revealed

    17 Apr 2003

    Somerfield’s mystery bidders have come out into the open and as rumoured in the press comprise of retail executive John Lovering and former CEO of National Car Parks Bob Mackenzie.Lovering and McKenzie said they have assembled a management...

  • Press round-up ... Somerfield

    17 Apr 2003

    The Independent on Sunday said retail entrepreneurs John Lovering and Bob McKenzie are ready to make a fresh approach to the Somerfield board to start takeover discussions for the supermarket chain. A new bid in the region of 110p to 120p a share...

  • Press round-up ... Somerfield

    17 Apr 2003

    Potential bidders for the supermarket group Somerfield, John Lovering and Bob Mackenzie, could make an all cash offer of around 100p a share this week to value the UK’s sixth biggest supermarket chain at about £500m, according to The...

  • Press round-up ... Somerfield

    17 Apr 2003

    Somerfield is facing a 103p-per-share bid from a group led by retail executive John Lovering, Bob Mackenzie, former chief executive of National Car Parks and corporate finance house Bridgewell.The Financial Times said the offer would value the...

  • Cott eyes expansion

    17 Apr 2003

    Canadian-based soft drinks manufacturer, Cott – which bottles drinks for Wal-Mart in the US and for UK supermarket chain Sainsbury – has posted an 18% rise in the second quarter sales.Cott said sales rose to C$388.1m from C$329.5m last...

  • PepsiCo sales up

    17 Apr 2003

    US soft drinks and snacks maker PepsiCo said first quarter sales increased 5% due in part to the strength of its Frito-Lay snacks.PepsiCo, with other brands such as energy drink Gatorade and Doritos tortilla chips said turnover rose to...

  • ABF profits from acquisitions

    16 Apr 2003

    Associated British Foods, the maker of Kingsmill bread and Twinings tea, said profit at the group had been boosted by its acquisition of Mazola corn oil and malt drink Ovaltine. For the year to September 13, ABF posted a 9% rise in pre-tax...

  • BRC warns on beef label data

    16 Apr 2003

    The British Retail Consortium has called for further research into the sort of information consumers want on beef labelling.The move followed fears by the BRC that any extension of the EU beef labelling regulations could adversely affect...

  • ABF profits from acquisitions

    16 Apr 2003

    Associated British Foods said interim results had seen good performances from its Kingsmill bread, Ryvita crispbread and discount clothes store Primark and buoyed by new the businesses of Mazola oils and Ovaltine drinks.The group – which...

  • Co-op goes into top refit gear

    16 Apr 2003

    The Co-operative Group has signed off plans for an aggressive 160-store refit programme for Alldays this year after the first 10 refitted stores generated double-digit uplifts.This commits the society to four to five refits week, no mean...

  • WHS sales ‘disappointing’

    17 Apr 2003

    WH Smith has posted a fall in interim sales and profit with the group also hit by a £35 exceptional charge from its struggling travel business in the US.For the six months to February 28 the high street retailer and news wholesaler said...

  • Spar gets a rush of enquiries

    17 Apr 2003

    Spar has seen a rush of membership inquiries since Tesco’s purchase of T&S Stores and the Co-operative Group’s acquisition of Alldays.Spar chairman Peter Blakemore said the takeovers awoke independents and smaller groups to the need for...

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