n.28

Mix Markt conquers Italy without ‘Made in Italy’ with over 70 shops


It is for these people and for lovers of products from Romania, Moldova, Lithuania, Latvia, Poland, Ukraine, Georgia, Bulgaria, Belarus, Macedonia, Slovakia, the Czech Republic, former Yugoslavia and Albania that Mix Markt was born in 2008, a brand that now has more than 70 shops, spread throughout Italy, served by three logistics centres (Verona, Tivoli and Naples). The Mix Markt brand in Italy is managed by Monolith Italia Nord Srl (Roverchiara-VR), a company specialised in the import and distribution of Eastern European food products. Below: ethnic products offered by Conad

Conad
 

n.27

Starbucks: like-for-like sales – 7%


Starbucks☕ reported more detailed numbers on its fourth quarter revenue for the quarter was -3% on a like-for-like basis -7% compared to -4% expected Starbucks China🇨🇳 closed at -14% like-for-like revenues composed of -6% decline in shop traffic -8% decline in average receipt Source : Inglobando

Starbucks
 

n.25

Mondelez grows despite consumer crisis


Mondelez is a large American corporation based in Chicago its business is particularly focused on snacks owns and operates a number of brands globally such as Toblerone🍫 Halls💨 Tuc🍞 It is listed on the Nasdaq and has a capitalisation of $92bn. Yesterday the company reported its quarterly saw like-for-like revenues (i.e. excluding acquisitions) up 5.4% compared to the same quarter in 2023 there was an increase in prices, but also in sales volumes (it would be interesting to know the volume or sales growth figures net of inflation) On 2024 the company confirms its indication of sales growth in the 3-5% range. The share price has gained about 25% this year. On consumption read here

Inflation
 

n.24

Consumers’ main concern remains rising food prices


both globally (for 33% of people) and nationally (for 29% of Italians)... 60% of respondents said they would buy fewer snacks and confectionery products if prices continue to rise or stay high for the next three months. Cocoa ( 128 per cent), coffee ( 43 per cent) and milk ( 44 per cent) are 'hot commodities' according to Trading Economics measures, and price increases will have a significant impact on sales volumes of related categories or products.

Inflation
 

n.23

COP 16: Pharma and agritech groups against biodiversity tax at UN summit


Negotiators are discussing an agreement at the ongoing COP16 UN biodiversity summit in Colombia on payment for the use of data known as digital sequence information (DSI), which is heavily used by manufacturers of drugs and agricultural products. Companies ranging from AstraZeneca and GSK to Bayer access the information mostly for free, but nations agreed at the last COP15 summit to set up a multilateral fund for 'benefit sharing' from its use. The most controversial option, put forward by a group of African nations, would impose a levy of 1% of the retail value of all products made with ISD. The German pharmaceutical and agricultural conglomerate Bayer has argued that the additional cost to companies could translate into higher prices for food and other products

AgricultureInflation
 

n.19

7-Eleven will build 500 ‘food-forward’ shops between 2025 and 2027, giving up the sale of non-food products (including petrol)


These shops will expand the 'hot food assortment that our customers are looking for, with take-away cases, specialty beverages, self-service roller grills, and in-store cooking offerings'. 7-Eleven operates, franchises or licenses more than 83,000 convenience stores in 19 countries and regions, including approximately 13,229 locations in the United States and Canada. Already today, 7-Eleven shops look like convenience stores, even in Japan.

Non-food