Retailers And Consumer Goods Firms Pledge Support For Türkiye And Syria

Retailers and consumer goods firms have stepped up their efforts to support?aid?organisations in the wake of the humanitarian crisis in?Türkiye?and?Syria, following the devastating?earthquake?that hit the region on 6 February. Scroll to the bottom of this newsletter to learn how you can help with humanitarian aid in the affected areas.

Nestlé?has reported weaker than expected?full year net profit, despite the world's biggest?food?group passing on higher raw material costs by hiking?prices?for customers. The maker of the KitKat?chocolate?bar and Nescafé instant coffee said its net profit attributable to shareholders fell to CHF 9.3 billion (€9.42 billion), missing forecasts for CHF 11.6 billion (€11.75 billion) in a company gathered consensus of analysts.

Ahold Delhaize?has?reported?a "solid end to the year", according to chief executive?Frans Muller, with net sales in the group's European operations rising 6.2% at constant exchange rates to €8.6 billion in Q4. In Europe, comparable sales excluding gasoline increased by 5.7%, with sales positively impacted by approximately 0.1 percentage points as a result of calendar shifts.

Dublin-based same-day delivery company Buymie has been acquired by Irish retailer Dunnes Stores, according to media reports. The Sunday Business Post reported that Dunnes Stores sees an opportunity to grow the Buymie business overseas, particularly in the UK. According to the paper, Buymie will continue to operate as an independent entity, with CEO Devan Hughes remaining in his role.

New legislation in?France?that changes the rules of annual negotiations between French?suppliers?and?retailers?is likely to be credit negative for the grocery sector,?Moody's?has?said, although it could be positive for smaller packaged food manufacturers. France's Commission of Economic Affairs assessed the new trade negotiation law (loi Descrozaille?or?Egalim 3) on 8 February. It now goes on to be examined by the French Senate on 15 February 2023 and, if approved, will become effective for 2023 trade negotiations.

Mercadona has?announced?that it plans to invest approximately €60 million in the installation of?solar panels?on its roofs in the coming year. The Spanish supermarket chain claims the solar panels will significantly increase the reduction of emissions due to electricity consumption. Mercadona?says the commitment to obtain energy in a?sustainable way?commenced at the end of 2020 in selected stores.

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In the?January/February 2023 edition,?ESM's annual?Sustainability Report?explores the efforts being made to embed there ESG agenda into firms' day-to-day operations. Elsewhere, we discover a new twist on the hard discount format in Denmark?from?Salling Group, we bring you an update on the current situation for retailers in?Ukraine, we reveal the finalists in this year's?European Private Label Awards?and a lot more besides.

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