Agri-food promotion is strictly linked to circumstances governing global trade in agri-food products. Some of these conditions are due to inherent characteristics of the agricultural market, while others stem from economic policies, for instance those reflected in interventionist practices. For many years, the assumption was that the minimization of agricultural production costs is the best... Read more »
Full of success, investment, change, innovation and new products, but challenges too – this was the year of 2017 in the Polish FMCG industry. Managers of the largest companies whose products are well-known and appreciated worldwide tell us about important events in the development of well-known and popular companies, the challenges they faced, and their predictions for the following year. Read more »
Polish foreign trade in 2017 saw a continuation of positive trends which had already been visible in the previous years. After ten months, the value of exports amounted to PLN 721.5 billion, which means an 8.9% increase in comparison with 2016. Simultaneously, imports rose by 9.9%, reaching PLN 712.2 billion. In constant prices, exports increased by 6% and imports by 6.6%. Although the dynamics... Read more »
Many consumers around the world lack trust in regulatory systems, manufacturers, and even their fellow humans. This compounds a pre-existing wariness about food and drink because of product recalls, scandals, and suspicion about large companies. The convergence of skepticism extends and enhances the existing consumer interest in the origins of food and drink that has been present (in some... Read more »
Swiss food group Nestle (NESN.S) has agreed to sell its U.S. confectionery business to Italy’s Ferrero for $2.8 billion, it said on Tuesday, marking CEO Mark Schneider’s first big sale and a small step on its path towards healthier products. Read more »
Dino Polska SA, one of the fastest growing retail grocery networks in Poland opened 147 new stores in 2017, compared to 123 in the previous year, signifying 20% growth year on year. In Q4 alone, Dino completed 57 new openings and as at 31 December 2017 it has 775 stores. Read more »
Asda Stores Ltd. left the EMD alliance by the end of the year 2017. Read more »
Kao USA Inc., a wholly owned subsidiary of Kao Corporation, a leading manufacturer and marketer of top beauty brands recognized around the world for innovation and quality, announced today it has signed an agreement to acquire Oribe Hair Care, LLC from its owners, including Luxury Brand Partners, LLC, an innovator in beauty known for its artist-driven brands and entrepreneurial culture. Daniel... Read more »
The World Star Awards 2018 have awarded five Mondi entries for their innovative character. The prestigious awards, organised annually by the World Packaging Organisation, take candidates from 33 national awards and five continents into consideration. Read more »
New Zealand’s Fonterra has been ordered to pay French company Danone 105 million euros ($125 million) in damages over the recall in 2013 of its whey protein concentrate due to a contamination scare, the two companies said. Read more »
Anglo-Dutch consumer goods giant Unilever (ULVR.L) (UNc.AS) is to buy U.S.-based company Sundial Brands, a maker of hair and skincare products, expanding deeper into the fast-growing personal care products market. Read more »
In January 2017, international packaging and paper producer Mondi announced the expansion of its heavy-duty corrugated capabilities at the Mondi Simet plant near Poznań, Poland. The technological upgrade included the installation of a state-of-the-art 2.8 metre corrugator with three single facers. The in-house production of double wall board is fully productive, and the production of... Read more »
Very strong nominal sales growth: +4.9% to 4,981 million euros, strong organic sales growth (OSG) +3.0%. EBIT margin* improvement to new high: +40 basis points to 18.0%. Significant growth in earnings per preferred share (EPS)*: +8.5% to 1.54 euros. Full year guidance: OSG of 2 to 4% and EBIT margin* increase to more than 17.0% confirmed, EPS* guidance raised to an increase of around 9% Read more »
The Dino Polska S.A. Group, one of the fastest growing retail grocery networks in Poland grew its revenues by 33.1% to PLN 1,220.2 million in Q3 2017 while posting LfL sales growth of 16.1% (compared to 10.8% one year ago). EBITDA* and net profit shot up by 37.3% (to PLN 108.9 million) and 22.3% (to PLN 63.5 million) yoy, respectively. Read more »
Dino Polska S.A., one of the fastest-growing retail grocery networks in Poland, is slated to join the MSCI Emerging Markets Index (MSCI EM). It will be incorporated in the MSCI EM Index following the session held on 30 November 2017. Read more »
In the third quarter of 2017, Eurocash Group’s consolidated sales reached nearly PLN 6.2 billion, denoting over 7% growth in comparison with the same period of 2016. Cumulatively for the first three quarters of this year, consolidated revenue came to almost PLN 17.5 billion, up by 10% from the preceding year. This growth largely resulted from the consolidation of companies acquired at the end... Read more »
Britain’s Marks & Spencer (MKS.L) said on Wednesday it would accelerate the pace of its turnaround plan as it reported a 5 percent fall in first-half profit, a second straight decline, hurt by sales falls and cost pressures. Read more »
Mars Food, part of Mars Inc, today said it has completed acquisition of Preferred Brands International, a Connecticut-based manufacturer and marketer of ready-to-heat Indian and Asian food products. Read more »
Mark Schneider, Nestlé CEO: “Our sales results for the nine-month period are in line with our expectations communicated in July. Read more »
Food from Poland Magazine is being distributed throughout ANUGA fairs. You can find our stand here: 02.1 D028b Read more »
Prologis, Inc., the global leader in logistics real estate, today announced that it has begun construction of a new 14,477 square metre speculative facility at Prologis Park Prague-Airport. The expected completion is for the first quarter of 2018. Read more »
A leading Central and Eastern-European shop fitting company with over 100m EUR annual income: the Modern-Expo Group. The father of its success is Mr. Bogdan Łukasik, an entrepreneur from Lublin, Poland, chairman of the supervisory board of Modern-Expo. Read more »
Prologis, Inc., the global leader in logistics real estate, today announced that it has begun construction of a new 23,710 square metre build-to-suit facility at Prologis Park Prague-Rudna for VAFO PRAHA, the Czech family-owned pet food producer. Read more »
China plans to delay a deadline for implementing new food import regulations by two years until October 2019, a senior EU official said on Tuesday, following a lobbying effort by Europe and the United States amid concerns about disruption to trade. Read more »
Aldi UK and Ireland reported a 17 percent fall in 2016 operating profit on Monday, a third straight year of decline, reflecting its strategy of maintaining a price gap over larger rivals as well as investment in infrastructure. Read more »
Arla Foods amba announces the retirement of its Vice CEO, Executive Board Member and Head of Supply Chain, Povl Krogsgaard after 30 years of exemplary service with the Company. Krogsgaard will retire on 31 December 2017 and be replaced by Sami Naffakh, who has been appointed Executive Vice President and Head of Supply Chain. Naffakh joins from The Estée Lauder Companies, where he is Senior... Read more »
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