New CEO for PepsiCo
- PepsiCo Australia and New Zealand has announced the appointment of Robbert Rietbroek as Chief Executive Officer (CEO) of the company.
- Rietbroek joins the company from personal care enterprise, Kimberly-Clark Australia, where he was managing director and CEO Australia, New Zealand, and the Pacific Islands.
- His leadership at Kimberly-Clark included a focus on customer service, retailer partnerships, sustainability and delivering growth. Prior to Kimberly-Clark, he spent 16 years at Procter & Gamble.
- Rietbroek is set to have overall responsibility for PepsiCo ANZ’s snacks, beverages, and oats businesses, in conjunction with its portfolio of brands including Smith’s and Bluebird Potato Chips, Pepsi Max, and Gatorade.
Source: Inside FMCG
a2 profits soar
- Huge demand for infant formula in China is helping sales surge for Australasian dairy company a2 Milk.
- Sales growth for a2 Platinum infant formula is exceeding expectations, with revenues quadrupling to $38Min the 4 months to the end of October.
- The strong growth in formula sales has prompted a2 to upgrade its full year revenue forecast to $285M, up from previous guidance of $267M.
Source: Inside FMCG
Lindt & Sprungli
- Lindt & Sprungli is expanding its ‘Lindt’ chocolate stores into South Australia with an Adelaide shop to open in December 2015.
- Lindt says its new stores will offer a wider selection of chocolates than what is sold in supermarkets and other retail outlets plus stock hampers for the holiday season.
- Prior to this announcement, Lindt operated 8 chocolate cafes in Australia plus another 5 Lindt chocolate shops spread between Sydney, Melbourne and Brisbane.
- Lindt is also in competition with Belgian chocolate group Guylian which recently announced its plan to open 30 stores across Australia over four years with at least one shop in each state and territory.
Source: Australian Food News
- Arnott's Biscuits has paid $51,000 in penalties for using a "false comparator" to claim on the packaging of certain Shapes products that the contents had 75% less saturated fat.
- The Australian Competition and Consumer Commission found Arnott's Shapes Light & Crispy products - slapped with the health claim they had 75% less saturated fat - had in fact only 60% less than its popular Shapes biscuits.
- But ACCC chairman Rod Sims said the biggest problem was that Arnott's was actually comparing its Shapes Light & Crispy products to potato chips cooked in 100% palm oil.
- Despite this comparison being declared in the fine print at the bottom of the packs, Mr Sims said it was inappropriate because only 20% of potato chips sold in Australia was cooked in palm oil.