Weekly Round-Up… 6 November, 2018
Published on Nov 6 2018 10:30 AM
Dairy giant Arla Foods has announced changes its corporate group functions that will render around 140 positions in the company redundant. The departments affected include marketing, supply chain, finance, international and HR. The move is a part of Arla’s ongoing transformation programme - dubbed 'Calcium' - which is aimed at streamlining the company’s corporate operations and support functions.
China's Alibaba Group Holding Ltd lowered its full-year sales forecast on Friday due to concerns about the economic impact of a US-China trade spat, which the company expects will dent revenue ahead of its top sale season. Asia's most valuable public company said it will cut its full-year revenue forecast to between €47.6 billion- €48.7 billion, a 4% - 6% drop, while sales growth in its core commerce business for the September quarter slowed to its lowest rate since 2016.
UK food manufacturer 2 Sisters Food Group has announced that it has reached an agreement to sell its Manton Wood based, sandwich business to Samworth Brothers. The finalisation of the transaction is subject to customary closing conditions and regulatory clearances, which are expected to be completed in the coming months. The Manton Wood unit in Nottinghamshire produces a range of chilled sandwiches, wraps, and rolls that are supplied to retailers.
Kerry County Council has granted planning permission to Aldi to build a new shop in Killarney. The larger Project Fresh store will replace Aldi’s existing Killarney outlet which is open over 12 years; it’ll be located in Ardshanavooly, next to the current store. The new 1,200m² Aldi store will be almost 50% larger than the existing premises, and is expected to be complete by 2020.
Nestlé has announced the launch of Xingshan, the first product developed by its new incubator team in China, in association with the company’s brand Totole. It is a range of ready-to-consume herbal drinks, and soups made with traditional Chinese ingredients. The product went from initiation to launch in just eight months, and will be first sold on e-commerce platforms.
Following a seven-figure investment, a new visitor centre in the East End of Glasgow is set to make Tennent’s Lager’s Wellpark Brewery the leading beer destination in the UK when it opens to the public on 22 November. ‘The Tennent’s Story’ experience is the biggest single investment the company has made in the brewery’s visitor experience, which now boasts an impressive 3-floor development at the Duke Street site.
© 2018 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click subscribe to sign up for the Checkout print edition.