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The Bel - visit site - Bel Group

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<strong>Bel</strong> Foodservice<br />

<strong>Bel</strong> Foodservice operates two<br />

businesses in Europe, including<br />

a catering activity aimed at the<br />

institutional and commercial<br />

catering segments, and the P.A.I.<br />

(intermediary food products)<br />

business, which sells <strong>Bel</strong> cheese<br />

brands to Europe’s food industry<br />

and fast food chains.<br />

In 2011, nutritional initiatives<br />

were furthered in the catering<br />

sector, with the launch of a new<br />

<strong>The</strong> Laughing Cow ® recipe with 19.5%<br />

less fat content, the introduction of<br />

vitamin D-enriched versions of the<br />

Cantadou ® and Cantafrais ® brands,<br />

and even the launch of a newsletter<br />

aimed at dieticians in France.<br />

As for new products, three new<br />

references were added to the<br />

Boursin ® ingredient range.<br />

P.A.I.’s partners continued to show<br />

their interest in <strong>Bel</strong>’s brands as a<br />

way to set themselves apart from<br />

the competition and to create value.<br />

This was illustrated by the year’s<br />

product launches, which included<br />

ready-meal maker Fleury Michon ® ’s<br />

Boursin ® and <strong>The</strong> Laughing Cow ®<br />

lunchboxes, fast-food chain Quick ® ’s<br />

Cheesy au Boursin ® and McDonald’s ®<br />

burger with Maredsous ® cheese.<br />

After several tough<br />

years in Eastern<br />

Europe, efforts to<br />

streamline production and<br />

adapt product ranges to<br />

national markets began to bear<br />

fruit, with the region reporting<br />

double-digit sales volume<br />

growth in 2011. Well anchored<br />

national brands such as Shotska ®<br />

in Ukraine and Karicka ® in<br />

Slovakia performed very well,<br />

but the growth of <strong>Bel</strong>’s core<br />

brands — a priority for <strong>Bel</strong> in<br />

Eastern European markets —<br />

was even more spectacular.<br />

<strong>The</strong> event of the year in<br />

the region was the launch of<br />

<strong>The</strong> Laughing Cow ® in Ukraine,<br />

with strong market penetration.<br />

<strong>The</strong> <strong>Group</strong> also began<br />

successfully marketing Kiri ® and<br />

<strong>The</strong> Laughing Cow ® in Rumania<br />

with very encouraging results.<br />

But because weak purchasing<br />

power in these markets often<br />

makes it impossible to fully<br />

pass on higher cost prices to<br />

consumers, great care must<br />

be taken to ensure tight cost<br />

controls, while maintaining<br />

product quality.<br />

EASTERN EUROPE<br />

”<strong>The</strong> core brands<br />

remain the priority,<br />

in particular<br />

<strong>The</strong> Laughing Cow ® .”<br />

Bruno Schoch,<br />

Deputy General Manager<br />

In 2011, national brands, which<br />

benefit from a recognition base<br />

that can be further developed,<br />

were strengthened, notably the<br />

Gervais range of fresh cheeses<br />

in the Czech Republic.<br />

However, the priority remains<br />

the <strong>Group</strong>’s core brands,<br />

particularly <strong>The</strong> Laughing Cow ®<br />

in Ukraine to build on its<br />

successful launch, and<br />

Leerdammer ® in the Czech<br />

Republic and Slovakia, where<br />

the brand matches up well<br />

with consumer tastes and<br />

is growing. This strategy will<br />

be continued in 2012.<br />

€103<br />

million in sales<br />

in 2011<br />

<strong>Bel</strong> <strong>Group</strong> 2011 • 9

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