Jordan Buckner’s Post

I see Chris Quin from Foodstuffs North Island Limited its at it again - trying to convince us that a bigger and more powerful supermarket monopoly is somehow in our best interests. In The Post last week, Mr Quin regaled us with a full 10-point list of all the fabulous benefits the further consolidation of our oligopolic supermarket sector would bring the country. Obviously, it's a bunch of disingenuous self-serving spin - and the reason why is easy to see. Nowhere in his exhaustive list does Mr Quin suggest that the hugely inflated prices Kiwi families are paying at the checkout will decrease. And the source of those inflated prices is easy to find - it's the excessive profits of Foodstuffs North Island Limited and Woolworths Supermarkets ... which, clearly, Mr Quin isn't interested in reducing. So before lecturing us further with his self-serving opinion pieces, perhaps Mr Quin can explain why a kilo of pure NZ lamb mince is £9.50 in the UK - that's about NZ$19.75 to you and me - despite having travelled halfway around the world, while the same kilo of mince is a full $32.99 in my local New World supermarket, just down the road from the farm the lambs were raised on. And more importantly, what he intends doing about that. If the answer is more of his hand-waving about "stronger cooperatives", then the path for the Commerce Commission is obvious - decline the Foodstuffs merger, forcibly break up the supermarket oligopoly, and prosecute both companies for abuse of market power under the Commerce Act. It's time for a lot less lobbying and a lot more legal action. https://lnkd.in/gFY9wWds Tex Edwards Ernie Newman GAG (Grocery Action Group Inc) Pierre van Heerden

Big news in the snacks industry! 🥳 Second Nature Brands is acquiring JM Smucker's Voortman cookies business in an all-cash deal valued at $305 million. This includes the Voortman Bakery brand, its Burlington, Ontario manufacturing site, and about 300 employees. This marks the second acquisition from JM Smucker, following last year's Sahale Snacks purchase. The Voortman brand, known for zero-sugar and wafer cookies, generated $65 million in net sales in the fiscal year ending April 2024. Second Nature anticipates boosting its annual sales beyond $500 million, enhancing its presence in the US and Canada. CEO Victor Mehren calls it a transformative addition, driving scale and capabilities. JM Smucker will use the proceeds to reduce debt, focusing on core growth brands like the recently acquired Hostess. While some, like TD Cowen's Robert Moskow, express concerns over the price being lower than Hostess's, it's clear Smucker's strategy prioritizes their largest growth opportunities. #BusinessAcquisitions #SnacksIndustry #VoortmanCookies

🤝 As the snacking industry contends with rising costs and rapidly evolving consumer preferences, merger and #acquisition activity remains robust. 📊 Drawing on data from Houlihan Lokey's Q3 2024 Snacking Market Update, FoodBev’s Sian Yates examines the resilience of the sector, key drivers behind recent M&A transactions, and the challenges ahead for #food and #beverage manufacturers. Read more: https://lnkd.in/emVDDiie #snacks #snacking

The Jollibee Group, one of the largest and fastest-growing food service companies in the world, continues to achieve sustainable sales and profit growth in Q12024 after delivering strong results in 2023. #retail #bonds #stockmarket #stocks #realestate #finance #Business #Corporate #Corporation #Entrepreneur #Philippines #Financial #Invest #Investment #investingtips

The food and beverage industry is seeing a resurgence in M&A activity in 2024, indicating positive growth and investor confidence. Notable deals include acquisitions in the plant-based sector and functional foods, which are driving innovation and expanding market reach. This trend highlights the industry's adaptability and the increasing demand for diverse, health-oriented products. See more here: https://bit.ly/4bnQ4ZH #FoodIndustry #MergersAndAcquisitions #Innovation #HealthFood

The food and beverage industry is seeing a resurgence in M&A activity in 2024, indicating positive growth and investor confidence. Notable deals include acquisitions in the plant-based sector and functional foods, which are driving innovation and expanding market reach. This trend highlights the industry's adaptability and the increasing demand for diverse, health-oriented products. See more here: https://bit.ly/4bnQ4ZH #FoodIndustry #MergersAndAcquisitions #Innovation #HealthFood

I can't believe that the commerce commission is concerned about Food Stuffs North Island and South Island actually going legitimate. They have already suggested that they effectively work together to avoid price competition ( which surely should be what should be investigated!) Surely the concern should be that there is actually only 2 supermarket chains splitting up the NZ market between them and ensuring the prices stay high. https://lnkd.in/gEsAkMfu

Alimentation Couche-Tard Inc. is persistently yet amicably pursuing the acquisition of 7-Eleven from Japan's Seven & i Holdings Co. Ltd., despite facing several obstacles. CEO Alex Miller expressed confidence in their approach and the company’s ability to finance and finalize the deal. Despite an initial rejection and a rival buyout proposal from Junro Ito, a key figure in Seven & i, Miller believes Couche-Tard's bid remains the most compelling for all stakeholders. Couche-Tard reported second-quarter earnings of US$708.8 million, down from US$819.2 million the previous year, with revenues increasing by six percent to US$17.4 billion. However, the company faced challenges, including lower fuel margins in the U.S., softer consumer demand, and impacts from hurricanes. Yet, positive developments such as legislative changes in Ontario boosted their market leadership in beer sales. Miller's remarks highlight Couche-Tard's resilience and strategic vision in navigating these challenges while seeking growth opportunities. Micah Casinader https://lnkd.in/gXrdvSaw Source: Financial Post

R.L. Hulett has published its Q3 M&A Update on the Food & Consumer Industry. Report highlights included: ‣ The median EV/EBITDA multiple for reported private equity deals increased to 5.93x in 2024 from 4.07x in 2023, and increased for strategic deals to 13.58x from 6.51x in the prior year. Please visit our website to discover the full insights and detailed analysis. #Food #Consumer #MergersAndAcquisitions #MiddleMarket

Australian fast-food chain Guzman Y Gomez plans to list on the Australian Securities Exchange on 20 June, with a valuation of AUD 2.2 billion. The company will offer 11.1 million shares at AUD22 each, aiming to raise AUD242.5 million in its IPO. Of this, AUD 200 million will fund the expansion of its corporate restaurant network with 30 new stores in Australia. Guzman Y Gomez aims to reach over 1,000 restaurants nationwide in the next 20 years. Last financial year, its global sales rose to AUD759 million. The company decided to proceed to IPO after receiving strong support from investors during its pre-IPO round in April, when it raised AUD135 million. What is the secret for SMEs to tap into IPO to fast-track their business growth? What are the procedures involved? Find out more in our IPO3 event happening on: 11 June 2024 9am to 1pm You will find out how to: 1.Maximise your business valuation. 2.Generate today's cash flow from tomorrow's profit 3.Continue to increase your share price post-IPO. Register to secure your seat via this link: https://lnkd.in/g9_T76Cu Whatsapp to 82227413 for further enquiries.