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Retail & FMCG update

Retail & FMCG update

Brewing chief appointed to lead Murray Goulburn

  • New CEO; Ari Mervis has been appointed and will commence the role in mid-February.
  • Mervis has served as SABMiller's MD of Asia Pacific and CEO of Carlton & United Breweries in Melbourne since 2011 and has been with the world’s second largest brewer for 27 years.
  • The move follows the recently concluded global AB InBev/SAB Miller merger, with AB InBev executives moving into leadership positions.
  • Mervis sees this move as an “enormous privilege to lead such an iconic business”.

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Economists hopeful of profitable Xmas for retailers

  • Spending across the economy has grown at its fastest rate in seven years in the lead-up to Christmas, with economists hopeful the surge signals a profitable festive season for retailers.
  • The Commonwealth Bank’s Business Sales Indicator rose 1.2 per cent in trend terms in November, while the previous month’s result was also revised upwards from 0.4 per cent to 1.1 per cent.
  • “The Australian economy is in good shape, consumers are confident, and the outlook for 2017 remains bright,” CommSec senior economist Sevanth Sebastian said

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PepsiCo named employer of choice

  • PepsiCo Australia has been recognised for its commitment to gender equality, alongside 99 other Australian businesses.
  • Each year, the Workplace Gender Equality Agency’s names 100 ‘Employers of Choice’, organisations that meet the criteria for best practice in promoting gender equality.
  • Earlier this year Rietbroek (the CEO) became a Pay Equity Ambassador to signify his personal commitment to ensuring that PepsiCo people processes are free of bias to achieve equity and pro-actively manage pay equity.

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Typo is now a United Kingdom citizen

  • Cotton on Group’s stationery retail outlet Typo opened its first physical store in UK this week, with 100 additional stores planned to roll out in over the next five years.
  • Typo was strategically chosen for the UK however, as with other merchandise like sports apparel, lingerie and kids wear, the stationery retailer’s products are trans-seasonal, meaning year-round sales.
  • The Group has a strong online retail presence and social media following across its brands, operates over 1,300 stores in 17 countries and employs over 19,000 staff.

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Campbell Soup Company results improve

  • Campbell Soup Company has reported better than expected results in an update as of the 30th October 2016.
  • Profit of US$292 million, a profit which is 50% higher than what it achieved for the same quarter last year.
  • Sales within its global biscuits and snacks division increased by 3% to US$671 million for the quarter.

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For further industry insights, get in touch with Macey Carino on 02 8024 7111.