Retail, Food and Drink summit held at British Business Embassy saw investments flow from leading British firms in UK and abroad. Strategies to make small and medium size companies to access global markets were discussed.
Government of UK is focused on employing plans to strengthen the retail, food and retail sector to empower the country’s economy. As per latest reports, retailers employ around 3 million people while the food and drink industry is one of the largest manufacturing sectors.
Top leaders and delegates discussed the new unexplored international markets and ways to deliver an accessible market programme. Multichannel offers from the retail sectors of UK and the possible impact on the world market were also analyzed.
Some of the overseas and domestic investments and expansion plan announced were:
- Nestle will combine its Nestle Health Science operation in UK and will invest approx. 500 million pounds in the next 3 years.
- British company, Boots is planning to spread its operation in Thailand and to increase the number of stores.
- King of Shaves will enter the growing Turkish market and will start supply to the country in September.
- William Santus & Co Ltd to expand to the Japanese market and sell its sweets in the local market of Japan and other Asian countries. Company will expand its UK manufacturing facilities and will hire more staff to meet these increasing demands.
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