Daily food news
Mercator has reported a steep drop in net profit for the first quarter as declining consumption, rising unemployment and a sluggish economic outlook took their toll.
Japanese supermarket operator Valor has posted an increase in full-year profits.
US retailer Publix Super Markets has promoted Gino DiGrazia to the position of vice president of finance.
The UK food industry has rejected fresh calls for the imposition of a tax on unhealthy foods.
Kraft Foods has appointed the former chief marketing officer for Kerry Foods to head its Central and Eastern Europe chocolate division.
French retailer Systeme U has confirmed that it plans to invest EUR400m (US$509.8m) in the expansion of its store network and opening three distribution warehouses by the summer of next year.
US retailer Target Corp. has raised its full-year earnings guidance after booking an increase in first-quarter profits, boosted by "better-than-expected" sales.
Japan's largest frozen foods manufacturer Nichirei Foods has acquired the outstanding shares of US frozen food producer InnovAsian Cuisine Enterprises.
Brazilian meat group JBS has revealed a drop in first-quarter profits, as the bottom line was hit by higher tax charges and a fall in income from its US beef business.
Cheese, lassi and yoghurt producer Lifeway Foods has announced a deal almost tripling the distribution of its kefir dairy line in Target stores across the US.
