Top quotes from the Reuters Food Summit
CHICAGO (Reuters) - Here are some of the top quotes from speakers attending the Reuters Food Summit in Chicago:
NIGEL TRAVIS, CEO, PAPA JOHN'S INTERNATIONAL INC (PZZA.O: Quote, Profile, Research)
"We have no intention of going into France, Germany, Belgium, Holland because Pizza Hut (YUM.N: Quote, Profile, Research) and Domino's (DPZ.N: Quote, Profile, Research) are very strong there. We are going to be much better off going into Russia, where we are doing very nicely, Poland, and then I'll see us move into places like Ukraine, Latvia, Lithuania, Hungary, etc. There is a real opportunity there ... We've got zero desire to be a pioneer. Consistent with what I said about sophisticated areas like Japan and Western Europe, why would we want to go and tackle Nigeria, Mali, Kenya? We wouldn't do it. There is common sense to be followed by following major competitors. People have to know pizza."
"We try very hard to make our food great quality but very safe. If all else fails, the backstop is putting something through that oven, for the amount of time it takes to go through that oven, kills just about anything. We don't rely on that, and we shouldn't rely on that, but it's true."
RICK SEARER, PRESIDENT, NORTH AMERICA, KRAFT FOODS INC (KFT.N: Quote, Profile, Research)
"The most intriguing question that the food industry, both at home and away from home, faces over the course of the next year is how is this going to shake out? The commodity cost increases are real ... the pricing to offset the commodity cost increases across the industry is real ... Where consumers shop and eat is the open question for the course of this year."
DAVID ABRAMSON, PRESIDENT, MARTEK BIOSCIENCES CORP (MATK.O: Quote, Profile, Research),
ON POTENTIAL ACQUISITIONS
"We're not going to get something that is the next low-carb, where two years down the road you're on to something else. That's why the science has to drive it." Continued...






