Top stories in the papers this week 12 – 18 June 2012
US owner of Pallas Foods snaps up NI firm Crossgar; Tesco Ireland sales up 0.4%; NCA took action against 130 firms in 2011
Print18 June 2012
1. US owner of Pallas Foods snaps up NI firm Crossgar
Pallas Foods, the Limerick-based food service company which is owned by US firm Sysco, has acquired Northern Ireland-based firm Crossgar for an undisclosed sum. The Irish Times reports the deal which is subject to Competition Authority approval, will see Crossgar Foodservice, one of the north’s largest food distributors, and Pallas, which is still run by the Geary family, continue to operate under separate brands.
2. Tesco Ireland sales up 0.4%
Tesco Ireland has recorded its first full-quarter positive sales growth since 2010, despite the continued uncertainty in the economy. The Irish Examiner reports that despite continued difficulties in the UK, the Tesco group’s overall sales for the 13 weeks ending May 26 increased 2.2% and were helped by improved performances in Poland, Slovakia and Ireland, where like-for-like sales grew by 0.4%.
3. NCA took action against 130 firms in 2011
The National Consumer Agency took legal actions against 130 firms last year for breaches of consumer law. The Irish Independent reports most of the breaches occurred in the grocery/convenience sector. The majority related to misleading pricing or a failure to display prices. As well as issuing 85 fines of €300, the NCA initiated prosecutions and secured convictions against several businesses including Tesco Ireland in September 2011.
4. Retail developments in pipeline get green light
A number of new retail developments are in the pipeline in the greater Dublin Area. The Irish Independent reports Bord Pleanala has given the green light for Tesco to develop a large new store at Vevay Road, Bray, Co Wicklow. Meanwhile Lidl has received Dublin City Council’s approval for a 2,264sqm discount food store with a bakery and off licence at the site of the former Sunday World building in Terenure Village in south Dublin.
5. Greencore desserts facility sold to Müller
Greencore is continuing to progress the integration of the Uniq food company it bought last year with the announcement that it has sold its loss-making desserts facility in Minsterley to Müller for £4.3 million. The Irish Times reports Muller will take over production of mousse and trifles, made under licence for Cadbury. Analysts believe the move should result in Greencore’s desserts business being profitable by the end of FY 2013.
Also:
Letterkenny bid to woo cross-border shoppers (Donegal News)
Singing in the aisles as Walmart ignores bribe scandal (Irish Times)
Eason opens flagship store in Belfast (UTV)
Carrefour sells stores in Greece ahead of election (Irish Times)
Lynch fuels reaction from county manager over Tesco petrol station comments (Donegal Democrat)
Sainsbury report slow sales in first quarter (Irish Times)
Walmart on defensive after PR officer found ‘spying’ on union workers (Guardian)
-Company denies having Stephanie Harnett pretend to be a reporter to interview workers on job conditions
Jubilee sales rise is crowning glory for Sainsbury’s (Belfast Telegraph)
Pressing issue for supermarket adverts (Irish Times)
Tesco stays upbeat over recovery as sales suffer fresh slump (Belfast Telegraph)
Irish Dairy Board sells Belgian cheese firm (Irish Times)
Tesco buys We7 online radio station (Guardian)
-Tesco spends £11m on the internet radio station co-founded by Peter Gabriel as it bolsters online entertainment offering
Sales growth at Tesco Ireland for first time since 2010 (Irish Times)
A raw deal when it comes to good food (Irish Times)
Bad Chinese figures fuel fears of slump (Irish Times)
The town fighting for a Waitrose store (Guardian)
Related Articles
Almost €100,000 raised at TWIG 2024 networking lunch →
Madrí Excepcional Hosts LVA delegation at La Sagra Brewery →
Grow with Aldi 2024 finalists revealed →
Fans 0
Followers