The subdued macro-economic climate experienced in the year ended February 2013 did not prevent the Famous Brands group from delivering a strong performance. Robust results were reported across its franchising, manufacturing and logistics businesses; key acquisitions were made and joint venture partnerships established to bolster supply chain capability; and a comprehensive business model transformation project was implemented to position the group for continued growth.
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The Famous Brands group recently acquired a 51 per cent controlling stake in bakery and delicatessen brand, The Bread Basket. This forms part of the group’s goal to build its manufacturing capability.
In the most recent survey by RepTrak Pulse, conducted in 2013, Woolworths is named as South Africa’s most reputable brand.
The study was compiled by the Reputation Institute of South Africa. This year’s RepTrak Pulse Survey looks at the top 20 companies on the JSE by revenue, and despite not being among these companies, Woolworths was surveyed.
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Pick n Pay made history on 25 April with the opening of its 1000th store, located in Chatsworth, KwaZulu-Natal, which will cater to the specific needs of the Chatsworth community.
Chairman Gareth Ackerman comments: ‘This is a personal dream come true for the group’s founder [Raymond Ackerman] who fought so long for this particular store to become a reality. We’re delighted the day has come and we can open our doors to a one-of-a-kind store, created especially for this unique community.’
Read more...According to the recently released interim management statement by the Mondi Group, price increases in the packaging paper grades are providing support to the company and enable progress in acquisitions, but the effects of expected capacity increases in recycled containerboard and uncoated fine paper, alongside prevailing demand softness across the European businesses, could have a less than desirable impact.
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