Global
WHO
introduces global strategy on nutrition
To
combat the major global health risk factors that include cardiovascular
diseases, type 2 diabetes, cancers and obesity-related conditions, the
World Health Organisation (WHO) has endorsed the Global Strategy on
Diet, Physical Activity and Health. The WHO will emphasise the need
to reduce the consumption of saturated fats and trans fatty acids, salt
and sugars, and to increase consumption of fruit and vegetables and
higher levels of physical activity.
The strategy recommends a prevention-oriented approach that emphasises
the need for countries to develop coherent, multi-sectoral national
strategies with a long-term, sustainable perspective, to make the healthy
choices the preferred alternatives at both the individual and community
level.
Asean
improves food standards
Starbucks
Corp has announced its plans to open 1,300 new stores this year, with
a future target of operating at least 25,000 stores worldwide. The Seattle-based
company, which opens about 3.5 stores a day, currently operates more
than 7,500 stores in 34 countries.
In addition to its retail expansion, the company expects to grow its
wholesale coffee division and generate additional revenue from its bottled
beverage sales, which could eventually grow into a $1 billion business.
Starbucks plans to introduce bottled beverages in the international
market within the next 12 months. Starbucks generated revenue of $4.1
billion during financial year 2003 and expects that number to increase
by 25 per cent during the current fiscal year. It forsees earnings of
86 cents to 87 cents a share for the year, which ends in September 2004.
SABMiller
bids for Harbin Brewery, China
London-based
SABMiller, the world’s second largest brewer, has offered a takeover
bid to buy China’s fourth-largest brewery, Harbin Brewery Group
for $550 million.
The offer for Harbin Brewery Group was posted on the website of the
Hong Kong Stock Exchange, where Harbin Brewery’s shares are traded.
The offer is higher than the price paid by US-based
Anheuser-Busch, the world’s biggest brewer and maker of Budweiser,
for a 29 per cent stake in Harbin Brewery, recently.
SABMiller already owns 29.6 per cent of Harbin Brewery, a 100-year-old
company that is one of China’s oldest beer producers.
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