Hello, dear reader!
Food makers are under pressure in the US as authorities want them to reduce salt in their recipes. Coca Cola is making a foray into soy in Latin America. Dairy company Müller reveals its Scotland strategy. In Australia, Aldi is at tipping point to win the battle of the supermarkets and continues to grow in Britain. Enjoy your Thursday brief and feel free to share.
asia & australia
Lulu enters Indonesia The Dubai-based retail major has opened the first hypermarket in the capital city of Jakarta. The group has already announced plans to set up 10 hypermarkets in the next three years in the country at an initial investment of US$ 300 million.
Dairy decisions in Scotland Müller Milk & Ingredients has confirmed that it will close its smaller dairies in East Kilbride and Aberdeen, which will affect 225 jobs. But the company will also invest GBP 15 million in its dairy site in Bellshill to create a "fresh milk and ingredients centre of excellence".
Dutch announcements Amsterdam-based Spar International has elected Graham O’Connor as its new president +++ Retail giant Ahold has reported a double-digit profit growth for its first quarter, helped by strong growth in online sales in the United States and the Netherlands.
Acquisitions and expansions San Francisco-based cloud computing company Salesforce takes a big step into e-commerce by investing US$ 2.8 billion to buy Demandware, a provider of e-commerce services, and drugstore chain Rite Aid has invested US$ 90 million in its new distribution centre in South Carolina, which will serve more than 1,000 stores.
Salty message for food makers The US Food and Drug Administration is determined to cut average salt consumption by a third and has issued draft guidelines for major food manufacturers to reduce salt in hundreds of products. The food industry is likely to challenge the FDA's targets.
Coca Cola diversifies with soy drinks The Atlanta-based softdrink giant and its Mexican bottler Femsa have agreed to acquire beverage producer Ades from Unilever for US$ 575 million. Ades is said to be the second-largest global maker of soy-based beverages.