Author: Xiaoshidai Integration
Today's takeaways
- The general manager of Moutai said that Malaysia Viet Nam has great potential
- Hollyland responds to employees who drive motorcycles without permission or are fired
- Nestlé will build its first factory in Saudi Arabia
- China and Denmark signed a memorandum of understanding on cooperation in organic products
- Survey: Lack of unity within the company
Suntory's CEO said it could be acquired for more than 70 billion yuan
The latest company news
The general manager of Moutai said that Malaysia and Viet Nam have great growth potential
After going to Indonesia, Thailand and Laos to carry out market research in May this year, Wang Li, deputy secretary of the party committee, vice chairman and general manager of Moutai Group, led a team to Southeast Asia again from September 8 to 14, and carried out market research in Malaysia and Viet Nam. Wang Li believes that Malaysia and Viet Nam are both markets with great growth potential, and the overall opportunities brought by the external environment outweigh the challenges. (Company Release)
Hollyland responds to employees who drive motorcycles without permission or are fired
A few days ago, a screenshot of a notice prohibiting employees from driving or riding motorcycles on any occasion circulated on social platforms, which showed that recently, an employee of Hollyland died in an accident while driving a motorcycle during the break, so Hollyland issued the notice, and said that if an employee still drives or rides a motorcycle without permission, the company has the right to terminate the labor contract with him. Yesterday, Hollyland's official customer service confirmed the authenticity of the notice to reporters, and the customer service said that the notice is aimed at internal employees, mainly to warn employees, and the company should deal with the feedback later, "subject to the company's arrangement." A lawyer told a reporter from Nandu Bay Finance Society that riding a motorcycle is a life activity, not an illegal activity, and the company has no right to interfere. (Southern Metropolis Daily)
The daughter of the former chairman of Coca-Cola Greece bottlers was introduced as a new shareholder
Today, Hong Kong-listed Lisi Group announced the placement of a total of 800 million shares of Manukura, wholly owned by Alexia David, equivalent to about 9.05% of the enlarged share capital, and is expected to raise a net of about HK $60.45 million. Alexia David is the daughter of the late Andrew A. David, founder and former chairman of the Coca-Cola Greece Bottling Company. The company is the world's third-largest bottler of Coca-Cola and is listed on the London Stock Exchange. Lisi Group is an investment holding company mainly engaged in the manufacture and sales of plastics and hardware household products. (Company Release)
Unilever Ice Cream is encouraged to list on Euronext
Yesterday, United Kingdom's Daily Mail reported that Netherlands Economic Affairs Minister Dirk Beljaarts met with Unilever's chief executive Hein Schumacher last month. The minister himself allegedly gave an introductory talk in a video conference on 19 August to encourage Unilever to spin off its £15 billion ice cream business and list it on Euronext. United Kingdom media are worried that this could mean London losing the battle for where Unilever's ice cream business is listed. In addition, the New York Stock Exchange is also said to have made formal contact with Unilever executives in an attempt to lobby the business for a listing in the United States. (United Kingdom Daily Mail)
Nestlé will build its first factory in Saudi Arabia
Yesterday, Nestlé signed an agreement to build its first factory in Saudi Arabia. The new plant, which will be located in Jeddah, is scheduled to open in 2025 with an initial investment of SAR 270 million (USD 72 million). The plant will focus on the production of children's food and will be equipped with an automated production line with an initial production target of 15,000 tons per year. (Saudi Press Agency)
Nestlé received a rare sell rating
As Morgan Stanley turned bearish, Nestlé received a rare sell rating. Nestlé shares fell as much as 1.2% on the Zurich Stock Exchange to their lowest since February 2019 after the bank's analyst Sarah Simon downgraded Nestlé's rating from "hold" to "underweight" and lowered her price target to the lowest among analysts tracked by Bloomberg. Sarah believes that if Nestlé increases advertising and promotion spending, the company's profit margin will fall by 170 basis points from 2026; Given the commodity pressures in 2025, it "will be a challenge" to improve gross margins to offset rising costs. (Bloomberg)
Suntory's CEO said it could be acquired for more than 70 billion yuan
A few days ago, Suntory Holdings CEO Tsuyoshi Sina said that the intention of Canada retailer Couche-Tard, the parent company of OK convenience stores, to acquire 7-Eleven operators for $39 billion shows that corporate governance in Japan has been improving, and has CEOs "worried" that their companies may be the next to be acquired. He pointed out that the rejection of 7-Eleven operators also shows that companies are no longer directly rejecting foreign offers, but are focusing on value. He added that Suntory has been looking for brands to enrich its portfolio, and although there are no suitable brands yet, Suntory has the ability to acquire them for around US$10 billion (70.9 billion yuan). (Reuters)
Saputo's new CEO reshuffles the executive team
A few days ago, Carl Colizza, the new CEO of Canada dairy giant Saputo, made changes to his executive team. Among them, Frank Guido was promoted to Chief Operating Officer, having previously served as President and Chief Operating Officer of the United States business. The company also created a new position of Chief Commercial Officer, to be held by Leanne Cutts, who previously served as Division President and Chief Operating Officer, responsible for Europe and international operations. （justfood）
Calobi introduces refrigeration equipment in the potato storage warehouse
Recently, Calbee Potato began operating the largest potato storage warehouse in Hokkaido, Japan, with a maximum storage capacity of 10,000 tons. The warehouse has 10 container storage rooms with a maximum storage capacity of 1 thousand tons per room. Five of the storage rooms are equipped with refrigeration equipment to cope with the negative effects of global warming on potato storage. (Food News)
Domino's United Kingdom plans to hire 5,000 people ahead of peak season
Domino's Pizza United Kingdom said today it plans to hire 5,000 people in the United Kingdom and Ireland to meet the expected increase in demand during the upcoming holiday season. The holiday season is a critical time for F&B transactions, which prompts them to increase staff to ensure smooth service. Currently, the company has more than 1,300 stores and more than 35,000 employees in the United Kingdom and Ireland. (Reuters)
Odyssey received $6 million in investment
Odyssey, an United States functional drink brand, recently closed a $6 million equity funding round, bringing the brand's total funding to $14 million within two years of launch. The funds will be dedicated to improving sales, marketing and inventory, facilitating Odyssey's expansion strategy and improving product accessibility in the United States. （foodbev）
R&D, innovation and marketing
Danone Group's R&D LIMS was officially launched
A few days ago, according to the official WeChat news of the software company Jin Hyundai, it recently joined hands with Danone (China) Food and Beverage Co., Ltd. to deliver the R&D and production traceability management system - R&D Laboratory Management System (LIMS), which focuses on the formula pilot production process. The system has been shared and applied across borders, and has now covered the Danone Dairy R&D Center in Shanghai (covering beverages such as pulse), the Nutricia plant in Wuxi (focusing on special medical food products) and the laboratory in the Hayashi plant in Japan (in the field of milk powder powder). (Company Release)
Wang Laoji's "Mid-Autumn Festival Custom Can" festival is new
A few days ago, Wanglaoji's official Weibo announced that Wanglaoji's "Mid-Autumn Festival Custom Can" festival is new, and you can buy it by going to the official applet to customize. (Company Release)
Hormel's German-style baked sausages are new
A few days ago, Hormel's professional catering official Weibo released a new Hormel German-style baked sausage. It is said that the product has a smoky flavor and is not easy to burst when baked, while helping to increase the gross profit margin by about 2-3%. (Company Release).
Yen Ching Restaurant Beer received 1 new brewing patent
A few days ago, Yen Ching Restaurant's "a sour wheat beer and its brewing method" was successfully officially authorized by the State Intellectual Property Office, achieving a breakthrough in "sour beer brewing technology". Based on the invention patent of "a sour wheat beer and its brewing method", Yen Ching Restaurant has launched two innovative new products with obvious sour taste and refreshing taste. (Company Release)
Starbucks Japan launches Frappuccino for kids
Starbucks Japan announced that it has renovated and upgraded one of its stores in AEON Lake Town and opened on September 14. The store has been refurbished to be more family-friendly, with benches for family dinners, widened aisles for strollers and wheelchairs to easily access, and more playful wall paintings. In addition, the store also launched the "Children's Frappuccino" (priced at 440 yen, equivalent to 22.16 yuan). This product was launched for the first time in Japan and comes in 3 flavors: vanilla cream, mango and chocolate. Children who purchase this Frappuccino can also customize their favorite flavor by adding sauces or syrups. (Nikkei)
Nestlé Japan launches coffee in large bottles
Nestlé Japan's bottled coffee grew faster than the market as rising local temperatures boosted sales of bulk bottled coffee. According to the company's recent statement, the growth rate of large bottled coffee between January and June 2024 increased by 6% year-on-year. (Food News)
Industries at a glance
Hairy crab farmers talk about typhoons passing through Yangcheng Lake
At around 1 p.m. today, the center of Typhoon "Bebinca" passed through Yangcheng Lake in Suzhou, and there was a level 12 gale in Yangcheng Lake. Netizens have left messages of concern: Are hairy crabs okay? Will there be an increase in prices after a typhoon? On the afternoon of the 16th, a local farmer told Jiupai News that the typhoon began to blow at 11 o'clock in the morning, and the wind was strongest at 12 o'clock, and it has not stopped. He said that because of the typhoon, the community was not allowed to go to the lake, and many of the houses where farmers were staying at night were blown down. The typhoon will have a certain impact on the aquaculture industry, but the specific situation needs to wait until the scene to see, and it is not yet clear. In addition, another media quoted Mr. Su, a hairy crab farmer, as saying in a video that the typhoon passed through Yangcheng Lake, causing heavy losses to farmers, and "almost every farmer had a purse seine blown down." (Jiupai News, Elephant News)
China and Denmark signed a memorandum of understanding on cooperation in organic products
On September 4, Pu Chun, Deputy Director of the State Administration for Market Regulation and Director of the Certification and Accreditation Administration of the People's Republic of China, and Jacob · Jensen, Minister of Food, Agriculture and Fisheries of Denmark, signed a memorandum of understanding on organic products cooperation between the two countries in Copenhagen. After the signing of the above-mentioned cooperation documents, China and Denmark have further clarified the cooperation goals and action plans for the period from 2024 to 2028 in the field of organic certification, and will continue to carry out practical cooperation in organic agriculture pilot projects to jointly promote the healthy development of food and agricultural trade between China and Denmark. (CNCA official WeChat)
Opinion: Guide dairy enterprises to develop cheese, whey and other products processing
A few days ago, the General Office of the State Council issued opinions on practicing the concept of big food and building a diversified food supply system. It is pointed out that dairy enterprises will be guided to develop cheese, whey and other products processing. Encourage food processing enterprises to develop low-fat food, and use processing by-products to develop rice oil, germ oil and protein feed and other products. Implement the construction project of cold chain logistics facilities for the storage and preservation of agricultural products, strengthen the construction of storage and preservation facilities in the production area, and improve the layout and service network of important nodes of cold chain logistics in the production area. Transform and upgrade the market of agricultural products, and build cold chain collection and distribution centers and staple food processing bases around large and medium-sized cities. Develop business models such as "fresh e-commerce + cold chain home delivery" and "central kitchen + cold chain distribution of ingredients". (Chinese government website)
Survey: Lack of unity within the company
Edelman's 2024 Workplace Trust Survey revealed a worrying trend: the gap in economic optimism between internal management and ordinary employees is widening. "Top executives are 2.5 times more likely than the average employee to trust the CEO to report truthfully about the company," the report states. "This asymmetry of trust reflects deep-seated problems within the organization. The survey also found that 23% of employees felt that the company's top management did not trust them. In response, 25% of employees distrust company leaders, 31% do not trust HR executives, and a whopping 43% do not trust their direct supervisors. （BFMTV）
Internet+
The "Hong Kong moon cakes" sold out in Xiao Yang's live broadcast room, and the regulator has intervened in the investigation
On the eve of the Mid-Autumn Festival, Brother Xiao Yang sold Meicheng mooncakes in the live broadcast room, and said in the video: "This (moon cake) we have sold 1 million orders, this is a high-end moon cake, it is a brand in Hong Kong, China, the daily price is 238 yuan, today two boxes of Meicheng black truffles and a box of Meicheng Liuxin Sixi moon cakes, the price is 169 yuan." Netizens found that the so-called Meicheng factory site of Hong Kong moon cakes is at No. 7, Gegang Road, Shiling Town, Huadu District, Guangzhou City. The Guangzhou Huadu District Market Supervision and Administration Bureau has intervened in the investigation, and the reporter called the Guangzhou Huadu District Market Supervision and Administration Bureau, but as of press time, it has not been connected. The customer service of the Douyin platform responded to the outside world that the platform will verify the Meicheng mooncakes in Brother Xiaoyang's live broadcast room, and if there is indeed false publicity, etc., it will suspend business for rectification, clear the goods, remove the goods from the shelves, close the store, etc. Douyin has not officially issued a response. (CBN)
Meicheng moon cake Guangzhou company ran away overnight to change the signboard?
Yesterday, some netizens posted a comparison chart showing that Guangzhou Meicheng Food Technology Co., Ltd., the manufacturer of Hong Kong Meicheng mooncakes, no longer has the company's name on the signboard where it is located, questioning Guangzhou Meicheng Food Technology Co., Ltd. running away overnight to sell down jackets. According to the on-site visit of the Daily Economic News, the name of Guangzhou Meicheng Food Technology Company is still on the signboard of the park, and the signboard released by netizens is an old photo. (Xiaoxiang Morning News, every classic)
Meicheng mooncake customer service said that someone maliciously placed an order and refunded it
Recently, the topic of "Hong Kong Meicheng mooncakes" brought by many head anchors has been questioned for false propaganda and continues to ferment. Today, the reporter saw in the Meicheng moon cake Tmall flagship store that all moon cake products in the store have been taken off the shelves, and only a few dim sum gift boxes can be purchased; There are only two snowy mooncakes on sale in JD.com's flagship store, and other mooncakes have also been removed from the shelves. The reporter further asked as a buyer whether it was really sold out or because the recent news was not sold, and a customer service said that they all placed orders maliciously, and then applied for a refund, so they were not sold. (Sina Finance)