BiaVest Acquires German Food Company Riesa Nudeln
Checkout Magazine
Ireland's Industry Magazine For The Grocery Retail And FMCG Sectors.
Checkout Magazine
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September 27, 2023
BiaVest has announced that it has acquired an 80% stake in leading German-based pasta company Riesa Nudeln. The Irish-based specialist food investment group, with annual revenues exceeding €40 million, employs 150 people and operates a well-invested manufacturing facility from its base, in the town of?Riesa,?in?Saxony,?Germany. The company noted that it has an annual production capacity of 25,000 tonnes of pasta, with the current investment programme set to double its output, to 50,000 tonnes, using durum wheat sourced locally, through strong local partnerships with farmers and mills. The Riesa brand has a strong retail presence across key German retailers, including Aldi, Lidl, Edeka, REWE, Kaufland, Penny and Netto.
NIQ Appoints David Berry As New Country Manager For Ireland
NIQ (formerly known as NielsenIQ) has recently appointed David Berry as its new country manager for Ireland. In his new role, Berry will oversee business in the Irish market and work closely with manufacturers and retailers, to ‘develop and implement tailored solutions’. According to NIQ, he will also be leading the Irish-market roll-out of NIQ Discover, a platform that allows retailers and manufacturers to effectively use the power of data to successfully compete in today’s challenging business environment and, at the same time, make their business more efficient. “I am pleased to announce David’s appointment,” said Rachel White, managing director, UK and Ireland, at NIQ. “His expertise of the Irish retail landscape and track record of success make him the ideal leader to drive our business forward. David has worked with leading brands, retailers, and government agencies across the Irish grocery market, and I am confident that his passion for delivering meaningful insights and impactful solutions will benefit our clients.”
Aryzta Reports 20.9% Revenue Increase In 2022/23
Aryzta has reported a 20.9% revenue increase (to €2,123.2 million) in its 2022/23 financial year. According to the Cuisine de France owner, organic growth went up from 17.9% to 21.6% in the period, mainly driven by strong pricing of 18.2% and resilient volume growth of 3.5%, supported by an increased demand for its bake-off products. The group’s EBITDA (earnings before interest, taxes, depreciation and amortisation) increased by 57.8%, to €271.3 million (from €171.9 million). Urs Jordi, chairman and interim CEO, Aryzta AG, commented, “Our strong organic growth performance of 21.6% underpinned the delivery of a much-improved profit of €112 million. This was achieved in a period of challenging trading, with persistent inflation, cost-of-living increases, [and] supply chain and energy costs concerns."
BP's US Boss To Leave Company Weeks After CEO Looney
BP's top executive in the United States, Dave Lawler, is leaving the company , the energy company said on Friday in a memo to employees, less than three weeks after the company's chief executive, Bernard Looney, resigned. Lawler's departure piles pressure on BP's chairman, Helge Lund, and its board as they seek to project stability in the wake of Looney's abrupt resignation after less than four years in the top job for failing to fully disclose details of past personal relationships with colleagues. The United States is the largest single country for BP's operations. It includes oil and gas production in the Gulf of Mexico and onshore shale basins, and several refineries, as well as large investments in offshore wind, biogas and retail. Lawler, 55, joined BP in 2014 and has led its shale business, known as BPX Energy, since.
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UK's Greggs Shows Resilience With Quarterly Sales Rise
British baker and fast food chain Greggs?kept its full-year outlook as underlying sales rose in the third quarter and it won market share, showing the resilience of its value offer in a cost of living crisis now into a second year. Greggs also recently said that the rate of cost inflation had eased as it annualised the significant commodity-led increases it saw in 2022. The group's sausage rolls, steak bakes, vegan snacks and sweet treats have chimed with Britons whose income has been dented by high inflation. Its shares are up 45% over the last year. Greggs' like-for-like sales in company-managed shops rose 14.2% year-on-year over the 13 weeks to 30 September, its fiscal third quarter, having been up 16.0% in the first half.
Cully & Sully-Supported Big Beach Clean Removes 46 Tonnes Of Litter
Supported by Cully & Sully, a?recent beach clean-up saw 7,700 Clean Coasts volunteers roll up their sleeves and remove over 46 tonnes of litter all across the country, as part of the Big Beach Clean. The Big Beach Clean is part of the International Coastal Cleanup (ICC), organised by the Ocean Conservancy, and it entails an annual call-to-action for individuals, families and communities to join forces to carry out a clean-up at the end of the bathing season and join a worldwide citizen science project. The Big Beach Clean flagship event, organised in conjunction with Cully & Sully, took place yesterday (Thursday 28 September), from 10.30am to 12.30pm, on Youghal’s Redbarn Beach, in Cork, to wrap up the initiative. Cully & Sully provided kit and warm soup for the supporters who attended.
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