Unilever plans to invest more in Pakistan, according to Jeannette Seppen, The Netherlands' ambassador to the country. During a meeting with Pakistan's Finance Minister Ishaq Dar, Seppen also thanked the government for creating a business environment that is friendly for multinational companies.
"Unilever planning further investments in Pakistan", Daily Pakistan, September 18, 2016
Unilever is cutting its workforce in Switzerland by 100 jobs, due to its move to relocate logistics operations to Rotterdam. Scheduled to take effect in summer of 2017, the layoffs will affect a third of employees at the company's location in the country's northern canton of Schaffhausen.
"Unilever cuts 100 additional jobs in Switzerland", swissinfo.ch, September 17, 2016
Swiss chocolate and cocoa products maker Barry Callebaut said it will buy the Mondelēz International chocolate factory in Halle, Belgium. Mondelēz will then supply Barry Callebaut with 30,000 tons of liquid chocolate. Barry Callebaut will in turn manufacture certain consumer products for Mondelēz that are already produced at the Belgian chocolate plant. The deal is expected to close by December; no financial details were disclosed.
"Barry Callebaut to Extend Strategic Supply Partnership with Mondelēz International in Belgium", News release, Barry Callebaut, September 15, 2016
Whole Foods Market opened its third 365 by Whole Foods Market store in Bellevue, Washington. Smaller than the retailer's regular stores, the 30,000 sq ft store has lower operating costs and offers products at lower prices than its bigger counterparts. Through the retailer's Friends of 365 program, the store works with external suppliers to offer more foodservice options.
"Third 365 by Whole Foods Market Opens", Retail Analysis, September 14, 2016
Target Corp. does not want to become a full-service grocery store, according to company CEO Brian Cornell. Since 2014, when Cornell became the retailer's chief executive, the company has focused on several important categories, such as style, baby, children, and wellness, to help drive sales growth. Grocery is one of Target's important categories, accounting for 20 percent percent of its $74 billion annual revenue.
"Target CEO Says Retailer Won’t Become Full-Service Grocer", The Wall Street Journal, September 14, 2016
General Mills U.K. says it has been helping a nonprofit organization distribute food to hungry people while helping to reduce food waste. The company donated 31 tons of surplus food – Nature Valley bars, Old El Paso meal kits, Green Giant vegetables, Betty Crocker baking mixes, and Yoplait yogurt – to the U.K.-based organization FareShare. Its partnering with FareShare is in line with the strategic focus of the General Mills Foundation: promoting food secure communities and sustainable agriculture. General Mills UK has worked with FareShare for nearly ten years.
"Tons of Surplus Food Reduce UK Hunger", Blog entry, Taste of General Mills, September 07, 2016
In an effort to jump start sluggish food sales, retailer Target is focusing on strengthening the grocery staff. The chain is building dedicated 10- to 60-person grocery teams – they will no longer work in other store departments – who are being trained in handling backroom inventory and interacting with customers. The changes have already been implemented in 450 stores and will be expanded to another 150 next month. The company is also hiring regional grocery directors who will each oversee 60 stores and report directly to headquarters. The new setup is a step in the right direction, according to analysts, but is unlikely to convince consumers that Target is the place to go grocery shopping.
"Target Revamps Staffing for Grocery Business", The Wall Street Journal, September 07, 2016
Whole Foods Market’s aggressive expansion plan has led to the building of stores in neighborhoods and malls that don’t quite fit with the grocer’s upscale product line and image, or its market demographic. The company is steadily losing the natural-and-organic crowd to lower-priced competitors like Walmart, Trader Joe’s and Kroger. So it seems like a mistake to put new stores next to Dress Barns, Kmarts and Shoe Carnivals. Wall Street analysts say the grocer should be building stores where wealthy shoppers can afford expensive cuts of meat and exotic facial oils. With the grocer’s stock already down by 50 percent since 2013 and same-store sales slipping, expansion into lower-income neighborhoods “will trip them up” further, a... More
"Wall Street Wants Whole Foods to Stick to the Quinoa Crowd", Bloomberg, September 07, 2016