Volume 2 Issue 5 201 5
Nomad Acquires
Findus Sverige
Judy Robinett: VC, Investor and author of The 5+50+150 Rule speaks on networking your way to success, pg 24
Nomad Foods has completed its acquisition of Findus Sverige AB and its subsidiaries from LionGem for approximately £500 million. The acquisition includes Findus Group's continental European businesses in Sweden, Norway, Finland, Denmark, Malcolm Durham: WealthBeing France, Spain, and Belgium, as well as Wealth & Health, pg 1 2 the intellectual property and commercialisation rights to the Findus, Lutosa, and La Cocinera brands in the respective markets. The acquired operations include approximately 1 ,500 employees and 6 geographies, strengthening overall presence across the European manufacturing facilities. continent. Including the acquired Through this transaction, Nomad Findus businesses, Nomad employs extends its position as the largest over 4,300 people in 1 5 countries, with frozen food company in Western Europe, with leading market share in 9 1 0 factories, and a broad portfolio of product offerings. This scale and reach countries (UK, France, Sweden, will help Nomad execute on its Germany, Italy, Austria, Belgium, Andy Thompson: MD innovation strategies while using Portugal, and Spain). Anytime Fitness, pg 1 6 consumer insights to tailor its offering The acquisition reunites Nomad's for local markets. existing Findus-branded business in Italy with the brand in other key
Chinese Retail Market Boost for UK
UK Trade and Chinese market. London as part of the Investment (UKTI), the Chinese State Visit. Dr Catherine Raines, government Chief Executive of department that UK Trade and supports UKInvestment, said: “In based exporters, China, ehas signed marketplaces agreements with account for 90% of 5 top Chinese eall e-commerce marketplaces, transactions, and estimated to be Chinese consumers worth £1 billion Dr Catherine Raines: Chief Executive UKTI spent £367 billion to UK online in the first companies over the next Organised as part of quarter of this year UKTI’s e-exporting 3 years. alone. The agreements programme, the event The signings took place UKTI has signed provide connected UK at ‘China: The Retail a clear route to help UK companies with real Opportunity’, a one-day companies.” opportunities in the conference held in
Tanya Burr: Online Business, pg 32
Daniel Green on Flendr pg 36