Specialisation is what makes private label suppliers stand out, at least financially. Relative scale is key to generating above-industry-average returns. In more mature product categories, these specialists have consolidated into truly pan-European, even global, private label suppliers. Other categories, such as confectionery, biscuits, coffee pods, canned fruit & vegetables, and potentially also cooking & pasta sauces, are on the brink of similar consolidation processes. This provides corporates and private equity players with ample opportunities to successfully roll out a buy & build strategy in private label.Read more
As we discussed in our first Rabobank to Go for 2018 – Global Overview: What to...