Ireland: ALDI's food waste partnerships have avoided over 1mln kg of food from going to waste
ALDI has announced that it has avoided 1.2mln kgs of food from going to waste in Ireland through its partnerships to date with both FoodCloud and Too Good To Go. Since commencing its partnership with Too Good To Go in January 2023, ALDI has already provided 50,000 Surprise Bags. These bags, which retail for just €3.99, contain quality food worth at least €12, including fruit, veg, dairy products, meats, snacks and more that would otherwise go to waste.
Source: retailnews.ie
Ahold Delhaize CEO Frans Muller appointed as new Co-Chair of The Consumer Goods Forum
At The Consumer Goods Forum (CGF) yearly Global Summit, it was announced that Frans Muller, CEO of Ahold Delhaize, and Dirk Van de Put, Chairman and CEO of Mondelēz International, have been appointed as the CGF's new Co-Chairs.
Source: aholddelhaize.com
UK: Sainsbury's chief executive total pay rises to £5mln
Sainsbury's boss was paid nearly £5mln in cash and shares last year despite a drop in profits at the supermarket. Simon Roberts' annual pay package is 229 times more than the average worker at the retail chain. The bulk of Mr Robert's package is made up of a £1.7mln bonus and £2.2mln in share awards. Shoppers are facing the highest rate of food price rises in more than four decades, leaving many households struggling with the cost of living.
Source: bbc.com
Philippine startup, others have lesson for Big Tech: Serve society
Now Bam Mejia, the co-founder of Sarisuki, says "modernizing" his country's food infrastructure is his 2-year-old startup's mission. With Sarisuki's smartphone app, anyone can open an online grocery store and become what the company calls a "community leader". Sarisuki is increasing its purchases of vegetables and other produce grown in fields near Manila, and has also started to produce it by partnering with local farms. By streamlining the process from producing and purchasing to sales, Sarisuki will be able to offer a "better price for farmers and sell to consumers at lower prices", Mejia says.
Source: asia.nikkei.com
Barriers to retail in EU remain extremely high, Commission indicator confirms
Retail is one of the most restrictively regulated business sectors in the EU, according to the updated Retail Restrictiveness Indicator (RRI) by the European Commission.
Source: esmmagazine.com
India: WestBridge Capital buys majority stake in Tamil Nadu-based Kovai Pazhamudhir Nilayam
Private equity firm WestBridge Capital has picked up a majority stake in Tamil Nadu-based fruits and vegetable retail chain KPN Farm Fresh, sources said, as it seeks to double down on its bets in the India consumption and retail theme. KPN, which stands for Kovai Pazhamudhir Nilayam, is one of Tamil Nadu’s most ubiquitous fruit and vegetable retail chains.
Source: moneycontrol.com
MAXIMA GRUPĖ companies has a new management team
MAXIMA GRUPĖ, UAB announces appointment of new general managers for MAXIMA GRUPĖ, UAB and MAXIMA LT, UAB. Manfredas Dargužis becomes the new CEO of MAXIMA GRUPĖ, and Jolanta Bivainytė assumes the role of CEO for MAXIMA LT.
Source: globenewswire.com
Covirán opens seven new stores in Spain in May
Spanish retail cooperative Covirán opened seven new supermarkets in its home market in May of this year, increasing its sales area by 1,049 square metres. Two of the openings were in Andalusia, two in Cantabria, one each in Galicia, Catalonia and Aragon.
Source: esmmagazine.com
Ozon lifts forecast for turnover on its e-commerce platform
E-commerce firm Ozon raised its growth forecast for goods turnover on its platform to more than 70% this year, sending its depositary receipts higher to sharply outperform the wider Moscow market.
Source: reuters.com
US: Sprouts Farmers Market preps 4 stores for grand openings
As Sprouts Farmers Market pursues its ambitious plan for 10% unit growth, the company is embarking on a hiring spree for a spate of new stores. On track to open more than two dozen outposts this year, Sprouts is readying its latest sites in Delray Beach, Florida; Boca Raton, Florida; Orlando, Florida; and Colorado Springs, Colorado.
Source: progressivegrocer.com
US: Village Super Market upholds sales pace in Q3
Independent grocer Village Super Market Inc. kept up its fiscal 2023 sales growth momentum in the third quarter atop strong prior-year results. For the quarter ended April 29, net sales climbed 5.4% to $529.3mln from nearly $502mln a year earlier, the Springfield, New Jersey-based ShopRite operator reported. That bested increases of 5.2% and 4.9% in the first and second quarters, respectively, as well as a 4.3% uptick in the fiscal 2022 third quarter.
Source: winsightgrocerybusiness.com
US: AWG opens massive, all-in-one distribution hub
Distributor Associated Wholesale Grocers (AWG) cut the ribbon on its massive, state-of-the-art distribution hub in Hernando, Mississippi. The hub occupies 124 acres, almost one million square feet of floor space and is over 80 feet tall throughout, Kansas City-based AWG said.
Source: winsightgrocerybusiness.com
US: GrubMarket partners with CCOF to support socially disadvantaged farmers in obtaining organic certification
GrubMarket announced a multi-year partnership with California Certified Organic Farmers (CCOF), a nonprofit organization that advances organic agriculture through organic certification, education, advocacy, and promotion. This partnership, part of GrubMarket's Sustainable California initiative, aims to support socially disadvantaged farmers in California by sponsoring cohorts of farmers from underserved communities to obtain organic certification, empowering them to adopt more organic farming practices and move towards long-term sustainability.
Source: prnewswire.com
From fintech to alt protein, Latam’s next generation of agrifood startups is building a farmer-first food system
Aravita is focused on developing an AI-powered solution for supermarkets. The technology considers various factors such as climate, seasonality, consumer behavior, and economic conditions to optimize the purchasing of fresh food, particularly fruits and vegetables. Frubana is an online wholesale marketplace that enables restaurants and food retailers to buy food directly from farmers. The company runs a “vertically integrated” supply chain for produce, with the goal of minimizing the complex chain of middlemen normally involved in procurement.
Source: agfundernews.com
US: Deli remains a strong segment for grocers
“As we all continue to battle inflation, people are going out to restaurants less in order to save money”, said Tony Dang, executive chef of Southern California grocer Gelson’s Markets. “Customers are looking for high-quality prepared meals to eat at home instead of going out. People are also preparing more meals from scratch at home, so deli-prepared vegetables or salads are popular items that help save time.”
Source: supermarketnews.com
US: Sprouts reports 21% growth in plant-based alternatives2022 brought in $6.4bln in net sales for Sprouts. $3.2bln in sales of products with a social or environmental attribute. 26% of products sold were organic and plant-based alternatives sales grew 21%.
Source: supermarketnews.com