Sainsbury’s has appointed a new chairman, with David Tyler – once FD at former Argos owner GUS – set to replace Sir Philip Hampton. The Daily Telegraph flagged that up over the weekend.
Meanwhile, the ripples continue to be felt from Kraft’s bid for Cadbury across Fleet Street and beyond. In a fit of patriotic fervour, the Daily Mail warns that Kraft could put the squeeze on UK suppliers if its bid is accepted, having just turned up the heat on its suppliers in the US.
The Mail also warns that a takeover of Cadbury could pave the way for ownership of more well-loved British brands going overseas. But are there actually any left we still own?
The Independent reports that Cadbury has decided attack is the best form of defence and has gone on the front foot in a bid thwart the Kraft approach. Yesterday’s Observer also noted the change in tack, while the Indy today profiles Kraft boss Ira Rosenfeld.
Advertising outlay might have fallen off a cliff in many sectors but there’s good news for ITV and other commercial broadcasters after the ban on product placement was lifted. The Guardian, the Telegraph, The Times and Daily Mirror all take a look at a move that is likely to see the end of soap characters ordering generic pints of lager for actual brands.
Over the weekend the Indy looked back at how the bubble burst (ho ho) for the champagne trade. while the Financial Times cast an eye over Tesco’s plans to expand its financial services business overseas – it’s looking for someone to fill the new role of international director.
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