Aldi Signs New Contracts Worth €26m With Four Irish Suppliers
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Aldi Ireland has announced that it has agreed four new deals with Irish-based suppliers worth more than €26 million. According to the discounter, the four suppliers, some of whom have been supplying Aldi for more than twenty years, produce fruit and vegetables, dairy products and coffee, and some of the contracts will see Aldi open up new international markets for their producers. Announcing the new contracts, Colin Breslin, managing director of Buying and Services, Aldi Ireland, said, “At Aldi, we are committed to supporting our Irish producers, meaning our customers can enjoy the very best products Ireland has to offer, and our suppliers can reach new markets with their produce."
Irish Craft Beer Consumption Rises By 13.5%, Since 2017
Irn-Bru maker A.G. Barr recently posted a rise in its first-half profit, helped by strong demand for its cocktail mixes, soft drinks and price hikes of its products. Beverage makers have raised prices to keep up with high costs of energy and raw materials, while a cost-of-living crisis has not limited customers from spending on cocktail mixers. Despite the wet summer months of July and August, the Cumbernauld-headquartered group maintained its annual profit expectations of marginally above the top end of analysts' forecast. Analysts on average expect A.G. Barr to report an annual profit of £47.12 million, according to a company-compiled consensus.
Danone And Nestlé Fight For Key French Market As Pressure To Cut Prices Grows
The world's biggest packaged food maker Nestlé and dairy giant Danone rely on France for revenue more than any other country in Western Europe, raising the stakes in price negotiations due to begin there next month. France has long outstripped Germany, Italy, Spain and others as the European Union's biggest market for groceries by supermarket revenue, according to research firm IBISWorld. But with a view to securing price cuts by mid-January, the French government is bringing forward annual price negotiations between retailers and their suppliers to start by mid-October."
Kellogg’s Provides Additional Leave For Victims Of Domestic Abuse
Kellogg’s Ireland has announced that it will provide an additional ten days’ paid leave for anyone among its staff members suffering from domestic abuse. Its new domestic abuse policy applies to all employees, regardless of their length of service. There is no application process, and leave taken under this policy will not be detailed in employees’ personal records. The food company, which employs more than 300 people in Ireland, is also offering to pay for an initial legal support meeting, as well as providing a one-off payment for expenses and costs incurred for setting up a new bank account or any other activity that provides employees suffering from domestic abuse with financial security. Kellogg’s noted that it is also offering free access to a 24-hour confidential counselling service and flexible working arrangements.
Many Britons Still Under Pressure From Food Inflation: Aldi UK Boss
UK grocery inflation is easing but many Britons are still suffering in a cost-of-living crisis now into its second year, the boss of discount supermarket chain Aldi UK recently said. UK food price inflation reached its highest since 1977 in March at over 19%. This official measure slowed to 13.6% in August and while industry data showed it at 12.2% in September, rising food prices remain a major strain on the finances of many households. "Whilst grocery inflation has started to ease, it's clear that people remain under real pressure from its impacts," Giles Hurley, CEO, Aldi told reporters.
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Tesco UK Locks Over 1,000 Product Prices
Tesco UK has announced that it will lock the price of more than a thousand everyday products until 2024. With consumers still facing a cost-of-living squeeze, the supermarket has unveiled a price lock on a range of popular products until the new year. It sits alongside recent price cuts to hundreds of products and Tesco price-matching Aldi on hundreds more. Among the 1,000-plus everyday items to have their price locked as part of the latest round of Low Everyday Prices are Typhoo One Cup teabags, Jacobs’ Cream Crackers and Aquafresh Freshmint Toothpaste, the retailer noted.
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