Hugh McGuire To Succeed Siobhán Talbot As New Managing Director Of Glanbia

The Glanbia plc board has announced that Siobhán Talbot has notified it of her intention to retire from Glanbia plc following ten successful years as group managing director of the company. Talbot will step down from her position and from the Glanbia Board on 31 December 2023 and will retire from the group in January 2024, the company stated. Hugh McGuire, currently chief executive officer of Glanbia Performance Nutrition will be appointed CEO of Glanbia plc and join the Glanbia Board as an Executive Director effective 1 January 2024.

ALDI has announced that it has entered into a definitive agreement to acquire approximately 400 Winn-Dixie and Harveys Supermarkets across Alabama, Florida, Georgia, Louisiana and Mississippi. Speaking about the announcement, Jason Hart, CEO, ALDI, said, “Like ALDI, Winn-Dixie and Harveys Supermarket have long histories and many loyal customers in the Southeast and we look forward to serving them in the years to come."The time was right to build on our growth momentum and help residents in the Southeast save on their grocery bills. The transaction supports our long-term growth strategy across the United States, including plans to add 120 new stores nationwide this year to reach a total of more than 2,400 stores by year-end.”

Carlsberg?was 'shocked' by Russia's seizure of its business in the country last month and the brewer is no closer to knowing what might happen next, its CEO said on Wednesday. Russia took control of the Danish group's eight breweries and 8,400 employees in the country last month, shortly after?Carlsberg?had agreed to sell the unit to an undisclosed buyer. "We have known from the beginning, since announcing the intention to leave Russia in March of last year, that there was huge interest in the business from people inside Russia. But still, this is an unprecedented development,"Cees 't Hart, CEO?said on a media call.

US meat and processed food maker Tyson Foods plans to sell its China poultry business , three people with knowledge of the matter said, in the latest case of a multinational firm looking to divest from the country in recent years. The company has hired Goldman Sachs?to advise on the sale and sent preliminary information to potential buyers including a number of private equity firms, said two of the people, adding the sale process was at an early stage. While it was not immediately clear what valuation Tyson Foods is seeking for the China poultry business, it has annual sales of about $1.1 billion, one of the people said.

Walmart Inc on Wednesday promoted Kathryn McLay , CEO of its Sam's Club unit, to head its $100 billion international business at a time when high inflation is squeezing spending in many global markets and China's economy is slowing. McLay, a 49-year-old Australian considered a star within the US company's ranks, will take over the division on Sept. 11, succeeding Judith McKenna, who is retiring after 27 years with the company. McLay, who joined Walmart in 2015, will run an international business that spans 19 countries, including China, where slowing economic growth has raised global concerns and sales in the hypermarket sector are falling as purchases shift online.

Marks & Spencer?has recently raised its profit outlook .The British retailer stated that demand in its stores had helped it to win new customers for its clothing, home and food businesses. The 139-year old group, whose shares have risen by 66% so far this year, said it now expects profit growth in its full 2023-2024 year, having previously forecast a small decline. Its shares jumped by 8% in London trading today. Like other major British retailers, M&S has benefited from robust consumer spending. This is despite a cost-of-living crisis that has entered its second year, and which is being driven by 14 consecutive interest rate rises that are designed to tackle high inflation.

Chicago soybeans climbed during Asian trading on Thursday , extending gains from the previous session, as uncertainty about the size of the upcoming U.S. harvest and concerns over tight domestic supplies supported prices. Corn and wheat were slightly lower ahead of the US weekly export sales report to be released later in the day. The most-active soybean contract on the Chicago Board Of Trade (CBOT)?Sv1was up 0.5% at $13.29-3/4 a bushel, as of 0350 GMT. Expected dry weather conditions early in the growing season would mean smaller soybean harvests this fall, according to the US government. "From the data point of view, the supply of US soybeans in the new season has returned to a tense situation," Huatai Futures analysts in China said in a note.

More than four in five Irish people are concerned about the level of food waste in their household, and 94% of homes are throwing food out, according to new research commissioned by?SuperValu. The research was commissioned as part of SuperValu’s 'Take Local Action, Make Global Impact'?campaign, which aims to showcase the small actions we can all take in our homes, stores and towns to make a collective global impact. SuperValu says it believes that 'how we live and work together in local communities is crucial to create a more sustainable future for everyone.' Ireland generated a massive 753,000 tonnes of food waste in 2021, according to the?Environmental Protection Agency (EPA),?of which 29% is from households, amounting to a whopping 44kg of food waste per person on an annual basis.

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