Weekly Round Up, 01 November 2017
Published on Oct 31 2017 5:36 PM
Coca-Cola has said that it may be forced to ‘review’ its Irish operations, should border tariffs be introduced following Brexit, according to a report by The Sunday Times in the UK. The paper recently published part of a July letter, signed by Petre Sandru, Coca-Cola Ireland country manager and Matthie Seguin, general manager, which said that possible Brexit-imposed tariffs could threaten the group’s Irish business. The letter read, “The uncertainty of Brexit compounds the enormous pressure the [sugar] tax will ave on our business and threatens our ability to continue to invest in our operations here, and to maintain and grow our direct and indirect levels of investment.”
HB Hazelbrook Farm has launched a new campaign fronted by television presenter and mum-of-two, Karen Koster, encouraging families to “share a little magic” in their daily lives, by taking time to enjoy the simple things in life. As part of the campaign, it has conducted a survey which reveals 83% of adults believe they had a simpler childhood than children today, and that a third of parents feel that playing with their children makes them feel like a kid again (33%).
Tetra Pak has launched the Tetra Fino Aseptic 100 Ultra MiM, which it describes as a new package that offers an opportunity for customers to produce liquid dairy and juice drinks using their existing production processes, and market them as ice creams and frozen products. The new package allows dairy and juice drinks to be produced and distributed in small carton pouches at room temperatures, and turned into frozen products in shops or in a consumer’s home.
Bawnbua Foods has reported its business in the food ingredients sector grow by 50% following an investment of half a million pounds in its production facilities in Northern Ireland and Greater Manchester. The company, which is a supplier of chilled and frozen meats to international supermarket chains and specialist food retailers, claims to now be one of the few businesses in the UK with the capacity to offer both chilled and frozen pre-cooked meat proteins to the wider food manufacturing industry.
Marks & Spencer's head of clothing, Jo Jenkins has resigned just a number of weeks after taking on the role, reports Sky News. Jenkins, who was director of clothing and beauty at the UK retail giant, is now reported to be joining clothing chain, White Stuff. Jenkins' departure has been described as a blow for CEO Steve Rowe business, as the company prepares for the upcoming Christmas season.
Amazon has reported that its net sales increased by 34% to $43.7 billion (around €37.5 billion) in the third quarter of the year. This figure includes $1.3 billion in sales from US organic grocery chain Whole Foods Market, which was acquired by Amazon in August in a $13.7 billion deal. Operating income decreased by 40% to $347 million in the third quarter, however, net income rose to $256 million.
The challenge posed by Brexit to the dairy industry was highlighted at International Dairy Federation's (IDF) World Dairy Summit this week. Speaking at the IDF Summit in Belfast, Tomas Pietrangeli, UK managing director of Arla Foods, said the industry was facing 'the biggest seismic change in the political and financial landscape in our lifetime'. He commented, “The end of free trade is a major risk. In order to protect the health of the dairy industry in the UK we need to have tariff-free and barrier free trading conditions. We are a business and an industry that make a significant contribution to the dairy industry and the wider UK economy.”
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