LONDON, Feb 12 (Reuters) – Imperial Tobacco Group
reported a 4 percent decline in underlying tobacco volumes for
its fiscal first quarter, in line with its broader markets, and
stood by its outlook for the year.
The maker of Davidoff and Gauloises cigarettes on Thursday
said underlying tobacco revenue fell 1 percent in the quarter,
ended on Dec 31. It blamed the timing of price increases,
reduced trading in Iraq and lower sales of mass-market cigars in
the United States ahead of a brand relaunch.
LONDON, Feb 4 (Reuters) – Imperial Tobacco Group Plc
is launching a new e-cigarette in France next week, giving the
big tobacco firm a lifestyle brand in addition to its existing
brand Puritane, marketed more as a healthcare product.
The new brand called Jai will be sold in tobacconist shops,
while Puritane is sold online and exclusively behind the counter
at Britain’s Boots pharmacy chain, which is owned by Walgreens
Boots Alliance Inc.
LONDON (Reuters) – Art rocker PJ Harvey hopes that recording inside a glassed room at Somerset House in central London will help draw on the likes of Elizabeth I, who lived on its grounds before she was queen, and Oliver Cromwell, who lay in state there.
A select group of visitors lucky enough to get tickets will watch Harvey, one of England’s most original pop artists, chipping away at the coal face of music creation.
BERLIN/LONDON, Jan 26 (Reuters) – An expensive fightback by
top consumer goods brands is likely to provide only temporary
relief as retailers improve the quality of their own products to
attract thrifty European shoppers.
Sales from supermarkets’ own label ranges have surged in
recent years. Cash-strapped shoppers seeking cheaper
alternatives to branded favourites have also flocked to discount
chains that keep prices low by stocking few top names.
LONDON (Reuters) – Imperial Tobacco Group, the world’s third largest cigarette maker, is moving into caffeine as more people kick the deadly smoking habit, launching a melt-in-your-mouth strip designed to give an energy boost in seconds.
The product, called Reon, comes in flavors such as “grapefruit & zing” and “black currant & fresh”. For now it is only sold in the English city of Manchester and online.
LONDON, Jan 21 (Reuters) – Dutch soft drinks bottler
Refresco Gerber has attracted bids from three private
equity funds valuing the business at around 1.5 billion euros
($1.74 billion), sources familiar with the process said.
PAI Partners, Pamplona Capital Management and Platinum
Equity have emerged as the only bidders left in the second round
of an auction, with a late February deadline, the sources said.
LONDON, Jan 20 (Reuters) – Consumer goods group Unilever
expects another sluggish year, after a
slowdown in emerging markets and flagging developed economies
curbed demand for everything from soup to soap in 2014.
The maker of Dove soap and Lipton tea posted
lower-than-expected growth in underlying sales for the final
quarter of 2014, the industry’s weakest year in recent memory.
Its Chinese business was particularly hard hit, with quarterly
sales down 20 percent as retailers cut inventories there.
LONDON (Reuters) – Tesco (TSCO.L: Quote, Profile, Research, Stock Buzz) is betting that a more consistent approach to pricing on hundreds of branded products will enable it to compete better with discount supermarkets, improve relationships with suppliers and direct more shoppers to higher-margin items.
As Britain’s No. 1 grocer fights to overcome the biggest crisis in its 95-year-history, it is testing a strategy closer to the everyday low prices offered by discounters such as Aldi who are stealing shoppers from the “big four” supermarket chains.
LONDON (Reuters) – Amazon.com’s launch of its own private label brand of consumer goods, starting with diapers and baby wipes, underscores the website’s maturity as a grocery retailer and the migration of grocery shopping online.
And if successful, the line’s sharp prices could pressure profit margins for other makers of consumer goods, such as Procter & Gamble and Kimberly-Clark.
LONDON (Reuters) – Unilever (ULVR.L: Quote, Profile, Research, Stock Buzz) (UNc.AS: Quote, Profile, Research, Stock Buzz) plans to form a standalone business unit for its North American and European spreads as it struggles to turn around a business hit by a fall in bread and margarine consumption, its chief financial officer said on Thursday.
The unit will be called Unilever Baking, Cooking and Spreading and will give the business more focus and more freedom to take necessary decisions, CFO Jean-Marc Huet said during an investor seminar that was simultaneously webcast.