Consumer Goods & Retail
Mike White, Vice Chairman of PepsiCo and CEO of PepsiCo International, says that the world is experiencing something far more significant than a mere cyclical downturn. He believes that the implications for consumer product companies, retailers, and consumers will be far-reaching.
Ian Starkey, Head of the Consumer Markets Sector for KPMG Europe, looks more broadly at the consumer sector and at some practical responses that you can take to weather the storm.
Helen Dickinson, Partner, Retail, KPMG LLP, explains the different situations in the food and non-food sectors, and the varied responses of the clients. She also looks at the role of the suppliers, and the effect of these issues on the market.
As the retail sector faces direct pressures from what effects consumers; rising unemployment, falling house prices leading to very little equity withdrawal and a squeeze on credit on a micro level, each have put downward pressures on disposable income and therefore retail spending.
The second half of 2009 is likely to see a surge in small and medium sized distressed merger and acquisition (M&A) deals across some sectors of the leisure industry.
Contact
Ian Starkey
KPMG LLP
8 Salisbury Square
London, EC4Y 8BB
United Kingdom
T +44 20 73118203 | ian.starkey@kpmg.co.uk
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