FOOD INDUSTRY OPINION

For our ongoing commentary and opinion of food industry developments, please visit the Just-Food forum: http://www.just-food.com/forums and view the comments made by TheFoodAnalyst.com.

COMPANY STUDIES

In alphabetical and reverse chronological order [scroll down for Sector Studies and Chronology]

BARRY CALLEBAUT www.barry-callebaut.com

December 2007: Study - 2007/08 vintage year will soon become the norm

July 2007: Study - Wake up and smell the chocolate!

February 2007: Study - And now, here come the big fish

KUONI www.kuoni.com

February 2001:Study - Kuoni - The world's leading tour operator

LINDT & SPRÜNGLI www.lindt.com

August 2007: Study - Ahead of the interims, growth remains dynamic

June 2007: Study - 'Mass Luxury'... From niche to mainstream

May 2006: Study - Ongoing double-digit growth at Lindt Germany

May 2006: Study - Gold bunnies breeding like rabbits in the USA

March 2006: Study - Not a disappointment... a 'go-faster' strategy

February 2006: Study - High-growth, non-cyclical, luxury goods stock

January 2005: Study - Outstanding sales... with corresponding profit leverage

January 2004: Study - 2003 sales beat consensus and organic growth guidance

August 2003: Study - H1 2003 results - Confidence in our investment case confirmed

RICHEMONT www.richemont.com

November 2003: Study - Short-term Sell or long-term Buy?

SECTOR STUDIES

In alphabetical and reverse chronological order [scroll down for Chronology]

FOOD & BEVERAGES

March 2003: Study - New economies of scale

LUXURY GOODS

November 2003: Study - The watch industry... What makes it tick?

RETAIL

May 2006: Study - European retail sales and consumer trends: Switzerland & Germany

SWISS EQUITIES

February 2001: Monthly Flagship - Swiss Panorama *

January 2001: New Market Monthly - Swiss Incubator **

*(James Amoroso created and edited this publication and was a contributor)

**(James Amoroso was not the author but was overall responsible as Head of Research)

CHRONOLOGY

In reverse chronological order

To be continued...

─ STILL UNDER CONSTRUCTION ─