Weekly Round Up... 5 November, 2019
Published on Nov 5 2019 10:00 AM
Croatian ice cream Lino Lada has been named the best ice cream in the world by the International Ice Cream Consortium (IICC), media reports suggest. The competition was held in Sweden, with judges praising the unique shape of the Lino Lada ice cream and the innovative soft dressing. Lino Lada duo ice cream is a combination of hazelnut cream and milk cream wrapped in nougat, with a milk chocolate topping. The ice cream, developed by leading Croatian ice cream manufacturer Ledo in cooperation with local food company Podravka, was launched in April of this year.
Marks & Spencer has announced plans to introduce an installment payment option in the UK from mid-November. The facility will allow customers to pay for their purchases in interest-free installments over a period of six weeks, reports ESMMagazine.ie. It can be availed by all UK M&S.com customers for purchases worth £30 and above on clothing and home products. Kirsty Ward, director of M&S Bank and Services, said, "We’re committed to providing our customers with seamless, easy and convenient ways to pay, and that’s why we’ve introduced this fully integrated and interest-free option to help spread the cost of shopping on M&S.com."
Coca-Cola Femsa SAB de CV and Heineken NV have announced the end of an arbitration on contracts of beer distribution in Brazil favourable to Femsa. Both companies said beverages produced by Cervejaria Kaiser, acquired by Heineken in 2010, will continue to be distributed by Coca Cola bottlers in Brazil through 2022, report Reuters. With the arbitration decision, Heineken will have to keep two separate distribution networks for its beers in Brazil, the Kaiser system and one it purchased from Kirin Holdings Co in 2017. The Dutch company initiated an arbitration two years ago seeking to end the contracts sooner to unify its distribution.
Milano introduces its new Romana “At Home” range to Irish consumers: two brand new pizzas topped on an extra thin base. The pizzeria, is introducing two new Romana style pizzas to its ‘At Home’ range, inviting its customers to try the new selection over the festive season with family and friends. Already widely enjoyed in Milano restaurants across Ireland, the Romana range takes its inspiration from the thinner, larger base, popular in Italy’s food capital of Rome. Both new pizzas are ideal for sharing with the Romana’s extra thin base allowing for improved flavor delivery of the ingredients. The Milano Romana ‘At Home’ range will showcase two specialties: The Margherita Speciale and The Pollo American.
The surprise exit of McDonald's Corp chief executive officer, Steve Easterbrook, over the weekend has Wall Street wondering whether the burger chain's multi-billion dollar strategy to boost sales could change under the new head. Chris Kempczinski, who was in charge of McDonald's operations in the United States, took over from Easterbrook on Sunday, following his dismissal over a recent consensual relationship with an employee, which McDonald's board determined violated company policy, reports Reuters. Piper Jaffray & Co on Monday downgraded the stock to "neutral" from "buy", citing the likely disruption from a sudden change of this magnitude."Our experience leads us to take a more cautionary view noting the potential lack of momentum and time involved in formalizing a new team," analyst Miller Regan said. McDonald's has spent billions to modernize stores, add digital kiosks and automate parts of the ordering process as part of its turnaround plan under Easterbrook, who took over as the CEO in 2015.
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