Harare / ZW. (wib) President Robert Mugabe´s Zimbabwe is officially a socialist republic, predictably complete with a Politburo and worthless money. Currency traders quote Zimbabwean Dollar (ZWD) only with a black market exchange-rate: 300.000 ZWD for one USD – a depreciation of 30 per cent in the past week alone. Zimbabwe is a morality play, made hypnotic by its tragic ending.
Vienna / AT. (lli) In the financial year 2006/2007 ending on September 30, Austrian Leipnik-Lundenburger Invest Beteiligungs AG (LLI) will register new record sales totalling 775 million Euro. About one sixth of the sales are generated in Austria and five sixths abroad.
Kecskemet / HU. (wib) Fornetti Frozen Bakers Products and Trading Ltd. opened its first exhibition bakery in Bulgaria last week and added four additional stores since then. The company also plans to complete the construction of a new plant in Ukraine in 18 months. According to «Portfolio.hu» (citing «Napi Gazdaság») the plant will have a monthly capacity of 600 tons. Works on Fornetti’s second Ukrainian production base already started, founder and owner Jozsef Palasti told the newspaper(s).
Utrecht / NL. (gem) Private equity firm Gilde has reached in principle agreement on the acquisition of caramel waffles and caramel biscuits bakery Van der Breggen BV in Tilurg, Netherlands. The intended acquisition will result in a joining of forces between Van der Breggen and Bakkersland Banket, a company recently acquired by Gilde.
London / UK. (rgf) The Real Good Food Company PLC, which owns Hayden´s Bakeries in Devizes (Wiltshire), has announced that it is confident that current market expectations for full year profits will be met. In a six month trading statement to June 30th, the company said that sales in its bakery ingredients division had been slow, albeit in a traditionally quiet trading period and were «slightly down» on the previous year.
Jilin / CN. (bw) China Organic Agriculture (COA) is among the largest producers of organic rice in People´s Republic of China commanding a 40 percent market share. COA controls all aspects of the process from seeds to planting and processing, R+D and sales. The proprietary processing factory is 20.000 square meters and has an annual production capacity of 30.000 tons.
New Delhi / IN. (wib) India´s economy is growing as fast as China´s and therefore not to be underestimated. In the news we often read about the People´s Republic of China and Southeast Asia – Reports about the economic growth of the sub continent are amazingly reserved against that.
Chicago / IL. (wib) Fast-casual restaurants featuring continue to hold strong consumer appeal and demonstrate solid average unit volumes. According to Technomic Information Services recently-released «Top 100 Fast Casual Chain Restaurant Report», the cluster experienced more than 14 percent annual growth in 2006, compared to roughly six percent for the U.S. chain-restaurant industry at large.
New York / NY. (acn) How big is the Private Label market globally? Why is Switzerland the largest market? Could the Private Label business become as big in the United States as it is in Switzerland? What´s happening in the developing markets?
New York / NY. (acn) This 2006 edition of «What´s Hot Around the World – Insights on Growth in Food + Beverage Products» looks at the fastest-growing categories and product areas across 66 key markets around the world, based on their value sales increases from mid-year 2005 to mid-year 2006.