Brands
Kraft Foods chief executive Irene Rosenfeld has not ruled out further Cadbury plant closures beyond the two years the firm is already committed to. She made the comments following a visit to Cadbury’s Bournville factory in Birmingham.
Molson Coors is to take over distribution of Corona Extra in the UK. Wells & Young’s had held the contract for 15 years with Corona owner Grupo Modelo.
Thontons-branded chocolates have been boosted by a rise in sales despite a decline at the confectioner’s high street stores. Sales were up 9% but own-store sales dipped by 4% for the 14 weeks to 2 October.
Retailers
Iceland chief executive Malcolm Walker has made a £1bn bid for the retailer. The offer was originally rejected by the retailer’s Icelandic shareholders Landsbanki and Glitnir. However, the bid remains on the table and Walker denied speculation that there were rival bidders.
Asda’s final salary pension scheme has been closed affecting 3,800 managerial staff. It’s reported that the scheme’s deficit has almost doubled in nine months, from £210m to £400m. Existing members will be switched to Asda’s defined contribution scheme and offered a one-off payment worth around a quarter of their annual salary.
The X Factor has come under fire for giving too much prominence to Tesco, which employs a contestant on the show. Criticism has come from rival retailers over the number of references given to Tesco during segments featuring Mary Byrne, who works at the Ballyfermot store in Ireland.
Topshop owner Sir Philip Green has said that the government is failing to make full use of its buying power when dealing with supplier. In his review into how Whitehall departments spend their money, Green concluded that virtually every department has not been efficient.
Click here for today’s headlines from across the packaging industry
Loading ...
Comments are closed.