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Two of the private-equity firms that reportedly tabled bids for frozen food giant Iglo Group are said to have not progressed to the second round of the auction.

Dairy giant Arla Foods grabbed the headlines this week with the admission 250 jobs could go at the company, with the possibility of more to come, as it looks to drive efficiency. Elsewhere, Kellogg announced a brand "refresh", although industry watchers argued the company might have to do more to drive sales. The takeover battle for frozen food giant Iglo Group gathered pace, with Thai food company CP Foods linked to the Birds Eye owner. Meanwhile, Wal-Mart Stores reported its first-quarter results and won praise from analysts.

Ann Inc has reported an increase in first quarter net income as the company said it reduced promotional activity in its Ann Taylor brand and recorded strong Loft sales.

The high quality of cars manufactured in Gliwice and the commitment of the factory's staff helped it win the nod as one of two GM Europe plants to build the next Astra from 2015, General Motors Manufacturing Poland's Andrzej Korpak was quoted as saying by Polish News Bulletin.

Toyota Motor plans to expand power generation capacity at its plants in Aichi Prefecture, central Japan, in a bid to cope with possible electricity shortages this summer, company sources have said.

BMW's UK managing director says he believes Greece will stay in the Euro currency as the the South East Europe country's woes continue to create huge bow waves of economic uncertainty for automakers.

More to follow....

Toyota will boost the output of V6 engines at its US plant in Alabama by 2.5 times.

Cash rich van maker GAZ Group is planning a 16bn rouble spend on investment projects over the next 18 months.

Subaru maker Fuji Heavy Industries said it would increase production capacity at its Lafayette, Indiana, plant by 15% due to growing demand for the Outback crossover vehicle and Legacy car.

Mexican bakery giant Grupo Bimbo is set to build a US$75m factory in Texas.

Constellation Brands has taken a step further in its bid to simplify its distribution network by signing "multi-year" agreements with four companies.

BMW UK says the flexibility of its British workforce in a challenging economic climate led it to sink GBP500m (US$791m) into future Mini investment.

Slovenian retailer Mercator has appointed Toni Balazic as CEO, replacing Ziga Debeljak, who resigned in March amid disagreement with the owners of the company.

The Dacia Dokker and Dokker Van have had their global debuts at the Casablanca motor show. Each will be built alongside the related Lodgy minivan at Renault's new Tangiers plant.

Randa Accessories Leather Goods has completed its acquisition of Swank, a designer and marketer of men's and women's belts, and men's leather accessories, jewelery and suspenders.

Societe Europeenne de Participations Industrielles is moving the distribution of Charles Heidsieck Champagne in the UK to Liberty Wines Ltd from 1 June.

Cato has reported a 4% increase in first quarter net income as the company said it sold more higher margin merchandise.

The top ten stories published on just-drinks last week:

Arla Foods revealed 250 jobs could be cut as it drives efficiency and tries to keep pace with its international competitors - and admitted more could be made. The race to buy frozen food giant Iglo Group also continued to make the headlines and this week Thai food manufacturer CP Foods was linked to the business. Meanwhile, in the US, Kellogg "refreshed" its 106-year-old namesake brand, although industry watchers suggested the cereal maker might have to do more to drive sales.