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<<31323334353637383940>> Total results:2960 References Per Page:

Unilever Plans To Raise Stake In Indian Subsidiary

April 30, 2013: 12:00 AM EST
Unilever PLC said it plans to increase its stake in Hindustan Unilever from 52.48 percent to 75 percent. Unilever has offered to acquire up to 487,004,772 shares at a price of 600 Indian rupees per share, which represent 22.52 percent of the total outstanding shares of HUL. With a potential total value of about INR 292.2 billion or €4.1 billion, the offer means a premium of approximately 29.5 percent over the floor price mandated under India's regulation and a premium of 26 percent to HUL's average trading price for the previous month. For the financial year ending March 31, 2013, HUL reported sales of more than INR 270 billion or €3.8 billion and net profit of INR 38 billion or €0.5 billion.
"Unilever PLC initiates offer to increase stake in Hindustan Unilever", Unilever, April 30, 2013, © Unilever
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FOOD COMPANIES
Unilever
Geographies
Worldwide
Asia-Pacific
India

Coca-Cola Launches Personalized Bottles And Cans As Part Of Marketing Campaign In Europe

April 29, 2013: 12:00 AM EST
Coca-Cola is putting people's names on bottles and cans of beverages it sells across Europe. As part of the company's Share a Coke marketing campaign, Coca-Cola will put 150 of the most popular names in the UK on individual 500ml and 375ml PET bottles. For consumers whose names are not included in the personalized bottles campaign, Coca-Cola launched a web site where they can create personalized, virtual Coca-Cola cans and share them with friends. Coca-Cola first launched a similar campaign in Australia in 2011.
Liz Gyekye , "Coca-Cola personalises bottles and cans", Packaging News, April 29, 2013, © Packaging News
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Coca-Cola Company
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Worldwide
EMEA
Europe

Natural Food Company Launches Sprouted Grain Pizzas

April 29, 2013: 12:00 AM EST
The growing interest among health enthusiasts in sprouted grains has not escaped the attention of natural food companies. Better For You Foods LLC, for example, has launched two varieties of all-natural sprouted grain pizzas: Better4U Bruschetta and Old World Veggie.  Both contain 39 grams of whole grains per serving. The pizzas are high in dietary fiber, vitamins and minerals, and lower in calories, fat, saturated fat and sodium than competing brands, according to the company. Better For You is also developing a sprouted grain pizza that will be a dairy-free vegetarian version, appropriate for people who eat vegan. 
"Better4U Foods Launches All Natural Sprouted Grain Pizzas ", News release, Better4U Foods, April 29, 2013, © Better4U Foods
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High-Tech Capitalists Invest In Food Start-Ups, Promote Sustainability In Food Market

April 28, 2013: 12:00 AM EST
Silicon Valley venture capitalists invested around $350 million in food companies in 2012, with investment deals in the food market increasing 37 percent from the previous year, according to a report by CB Insights. Although it is just a tiny portion of the $30 billion that venture capitalists invest, it helped finance a wide range of food startup companies. Seeking to transform the food industry, investors are focusing on improving the sustainability capabilities of food startups. Some of the leading venture capital firms in the valley, including Khosla, SV Angel, and Kleiner Perkins Caufield and Byers, are involved in food industry-focused projects.
JENNA WORTHAM and CLAIRE CAIN MILLER, "Venture Capitalists Are Making Bigger Bets on Food Start-Ups", The New York Times, April 28, 2013, © The New York Times Company
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FOOD COMPANIES
Other
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United States of America

Yakult, Danone End Strategic Collaboration, Remain Partners

April 26, 2013: 12:00 AM EST
Japan-based Yakult Honsha Co. ended its strategic collaboration partnership with its leading shareholder Danone SA. Although the companies agreed to maintain their joint operations in markets, such as India, their new working deal is now based on what the companies refer to as "cooperation framework". There were reports of strains in the companies' relationship, as Yakult executives time after time resisted efforts of Danone to increase its 20 percent stake in the Japanese company.
KANA INAGAKI And RUTH BENDER, "Danone, Yakult, End Strategic Tie-In", Wall Street Journal, April 26, 2013, © Dow Jones & Company, Inc
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France

Unilever Reports Slower Sales Growth In 1Q 2013 Compared With 2012

April 25, 2013: 12:00 AM EST
Unilever reported sales grew 4.9 percent in the first quarter of 2013, compared with the 8.4 percent growth in same period in 2012. Turnover rose 0.2 percent, while volume grew 2.2 percent, and price was up 2.6 percent. Currency weakness in markets, including Brazil, India, South Africa, Indonesia, and Argentina caused turnover rates to fall by 3.5 percent. Unilever said emerging markets now account for 57 percent of the company's total turnover. In personal care, the company said its growth outpaced the rest of the market, with underlying sales rising by 8.3 percent. All segments grew more than 5 percent, with deodorant leading the rest. Sales of the Rexona brand approached €2 billion, while Sunsilk joined the €1 billion brands in 2012.
"Unilever Management Discusses Q1 2013 Results - Earnings Call Transcript", Seeking Alpha, April 25, 2013, © Seeking Alpha
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Unilever
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Europe
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Netherlands

Unilever Ghana Reports Lower Operating Profit In 2012

April 24, 2013: 12:00 AM EST
Unilever Ghana reported its operating profit fell from GH 29 million to GH 24 million in 2012. Depreciation of the Cedi, energy crises in the country, and other macroeconomic factors pushed down profits, according to the company. Tax fell to GH 16.1 million in 2012 from GH 21.6 million in 2011, allowing the company to post a profit. Also, shareholders approved the board of directors' plan to pay a dividend of GH 0.0256 per share. Unilever Ghana invested a significant portion of GH 44 million in capital investments to help support expansion plans, the company added.
Lorrencia Nkrumah, "Unilever Ghana records decline in operating profit for 2012 financial year", CitiFM Online, April 24, 2013, © CitiFM Online
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FOOD COMPANIES
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EMEA
Middle East- Africa
Ghana

Nutrisystem Sells 5-Day Weight Loss Products Via Walmart

April 22, 2013: 12:00 AM EST
Nutrisystem, Inc. announced its 5-Day Nutrisystem Jumpstart Your Weight Loss Kit is now available exclusively at almost 2,000 Walmart stores in the United States. Available for $44.98, the weight loss kit includes 15 entrees plus desserts, a free meal planner, and program guide that offers access to free weight loss counseling. A weight loss kit designed for people with diabetes is also available at Walmart stores.
"Nutrisystem Expands to Select Walmart Stores", Business Wire, April 22, 2013, © Business Wire
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Other
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Frozen Food Makers Hope To Change The Public Image Of Their Products

April 19, 2013: 12:00 AM EST
Frozen food manufacturers worried about consumer perceptions of fresh foods versus frozen want to set the record straight about their products. So several big companies – General Mills, Heinz, ConAgra, etc. – have banded together into the Frozen Food Roundtable to get their message about the benefits of frozen foods out to the public “in a comprehensive fashion”. They have allocated $50 million to hire two ad agencies to change how consumers think about frozen foods “by promoting positive messaging”. Frozen vegetables don’t seem to be in that much trouble, sales-wise. Revenues last year were $5.7 billion, up about one percent. Frozen fruit sales totaled $422 million, up 8 percent. Frozen entrees haven’t fared as well, as consumers continue to worry about nutrition.
Nancy Shute, "Frozen Food Gets Ready For Its Image Upgrade", Report, NPR, April 19, 2013, © NPR
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FOOD COMPANIES
ConAgra
General Mills
Heinz
Kellogg
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Worldwide
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United States of America

Hershey Company To Switch To Front-Of-Pack Nutrition Labeling

April 17, 2013: 12:00 AM EST
The Hershey Company announced that it will introduce front-of-pack nutrition labeling on some products beginning in the second half of this year and will continue to change the labeling on products over the next several years. The company also plans to update its Web site to provide “consumer-friendly access” to product nutrition information. Hershey’s 80 confectionery brands include Hershey's, Reese's, Hershey's Kisses, Hershey's Bliss, Hershey's Special Dark, Kit Kat, Twizzlers, Jolly Rancher and Ice Breakers.
"The Hershey Company to Make Nutrition Information Simple", News release, Hershey Company, April 17, 2013, © The Hershey Company
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Unilever Lowers Carbon Dioxide Emissions By 1 Million Tonnes

April 15, 2013: 12:00 AM EST
Unilever announced that, since 2008, it has reduced its carbon dioxide emission by more than 1 million tonnes from its manufacturing and logistics operations. What makes the achievement even more remarkable is that the company grew its sales by 26 percent from €40.5 billion in 2008 to €51.3 billion in 2012. Part of the company's Unilever Sustainable Living Plan, reduction in carbon dioxide emissions was helped significantly by Unilever's use of renewable energy from biomass boilers and installation of combined heat and power plants.
"Unilever factories and logistics reduce CO2 by 1 million tonnes", Unilever, April 15, 2013, © Unilever
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Unilever
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Worldwide

UK Supermarkets Tricking 20 Percent Of Shoppers Into Buying Own-Label Products, Survey Shows

April 12, 2013: 12:00 AM EST
Supermarkets in the United Kingdom are misleading too many shoppers into buying private-label products by copying the packaging of leading brands, according to Which?, a consumer protection group. Results of a survey by Which? revealed 20 percent of respondents said they had accidentally bought a supermarket version of a favorite brand at least once. Survey results, however, also showed 18 percent of respondents willingly purchased an own-brand product because it looked like the branded equivalent. Also, 60 percent said they bought the store's own-brand version because it was cheaper.
Tara Evans, "Supermarkets accused of tricking shoppers into buying own-brand products by copying household names - but would you buy an alternative if it was cheaper?", This is Money, April 12, 2013, © Associated Newspapers Limited
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Kellogg
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Lower Growth In Discretionary Spending Prompts FMCG Companies To Offer Discounts To Push High-End Products In India

April 10, 2013: 12:00 AM EST
India's leading fast moving consumer goods companies, including Cadbury, Hindustan Unilever, ITC, Procter & Gamble, and Heinz, lowered prices of their high-end products between 10 percent and 70 percent to drive demand. For example, Cadbury India is selling the 400-gram pack of its Toblerone chocolate at a heavy discount, while Heinz is offering 20 percent off on its Complan brand of milk. For its part, Hindustan Unilever is offering discounts on its Pears, Dove, and Sunsilk brands. Discretionary spending growth in India slowed down to 17 percent during the first nine months of 2012-13 from 31 percent in the previous year, according to Credit Suisse.
Ratna Bhushan and Sagar Malviya, "FMCG biggies such as Cadbury, HUL, ITC, P&G offer big discounts to push premium products on slowing demand", Economic Times, April 10, 2013, © Bennett, Coleman & Co. Ltd.
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Cadbury-Schweppes
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India

Stunted Mideast TV Ad Market Could Get A Boost If Audiences Could Be Accurately Measured

April 7, 2013: 12:00 AM EST
Data on audience size is so unreliable in Mideast countries that big TV ad-spenders – General Motors, Unilever, Ford, etc. – cannot tell if the dollars they spend will get their message to the desired audiences. That means potential advertisers are backing away from TV ad spending, leaving the ad market underdeveloped. To remedy the problem, broadcasters, telecom operators and advertisers are working together to develop “people meters” that measure audiences in real-time and accurately value TV ad slots. Use of such meters could boost ad spending in the UAE and Saudi Arabia by 50 percent.
Rory Jones, "Mideast Firms Aim to Boost Region's TV Ad Spending", The Wall Street Journal, April 07, 2013, © Dow Jones & Company, Inc
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FOOD COMPANIES
Unilever
Geographies
Worldwide
EMEA
Middle East- Africa
United Arab Emirates

Procter & Gamble, Other FMCG Companies Claim Surpassing Sustainability Targets

April 5, 2013: 12:00 AM EST
Procter & Gamble, United Biscuits, and British American Tobacco announced they were years ahead in achieving their respective sustainability targets. Aside from claiming success in cutting carbon emissions, the companies also said they have made progress in reducing water usage, waste to landfill, and other outputs. For its part, Procter & Gamble said 45 of its global production sites produce zero waste. United Biscuits announced it has gone beyond its sustainability targets for 2012, which include reducing water use by 52 percent from 2007 levels, way ahead its target of a 45 percent reduction by 2020. Also, British American Tobacco claimed it was ahead of schedule in its program seeking to eliminate the use of natural forest by 2015.
Ian Quinn, "Procter & Gamble, United Biscuits and British American Tobacco 'way ahead' on green targets", The Grocer, April 05, 2013, © William Reed Business Media
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Unilever Proceeding Rapidly Toward Sustainability Goals

April 2, 2013: 12:00 AM EST
In a time of climate change, water scarcity, and rising populations, sustainable agriculture is increasingly important not only for managing business risk, but also for boosting brand marketability, according to Unilever. For example, last year Knorr was able to claim that a new soup launched in France included tomatoes sustainably grown in accordance with the Unilever Sustainable Agriculture Code. The company procures half of its raw materials from the farming and forestry industries, so sustainability is hugely important. Unilever says it is now sourcing 36 percent of its agricultural raw materials sustainably. Significant progress has been made in raw materials such as palm oil, vanilla, sugar and sunflower oil.
"Unilever Sources Over 1/3 of Agricultural Raw Materials Sustainably While Growing Business", News release, Unilever, April 02, 2013, © Unilever
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Unilever
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Hindustan Unilever Plans To Launch Magnum Ice-Cream Bar In India

March 29, 2013: 12:00 AM EST
Hindustan Unilever said it plans to launch the Magnum premium brand of ice-cream bars in India. Although priced higher than the market's current crop of ice-cream candies and cones, Magnum ice-cream bars are expected to become bestsellers by Unilever. HUL general manager for ice cream Sapan Sharma said India's fast-growing ranks of affluent consumers are ready for Magnum and similar premium products. Launched in the United Kingdom in 1987, Magnum accounts for almost 2 percent of Unilever's total revenue. HUL plans to import Magnum ice-cream bars from Unilever's factory in Thailand.
Sagar Malviya, "Hindustan Unilever to roll out Magnum ice cream in India", The Economic Times, March 29, 2013, © Bennett, Coleman & Co. Ltd
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Unilever
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Worldwide
Asia-Pacific
India

P&G Pet Food Unit Recalls Products Because Of Presence Of Salmonella

March 29, 2013: 12:00 AM EST
Procter & Gamble company Natura Pet Products has expanded its voluntary recall of dry pet food because of potential contamination with Salmonella. Both the Michigan and Georgia departments  of agriculture confirmed through product sampling that Salmonella was present in additional dry cat food and a cat pet treats. Natura is also recalling dry pet food products made in the surrounding timeframe. P&G said no canned wet food is affected by the recall, and no Salmonella -related illnesses have been confirmed to date. The affected products are sold through veterinary clinics and select pet specialty retailers in the U.S., Canada, and in other countries, as well as online.
"Natura Pet Expands Voluntary Recall of Dry Pet Foods Due to Possible Health Risk", News release, Procter & Gamble, March 29, 2013, © Procter & Gamble
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Unilever
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Canada
Other

Bumble Bee Foods Unveils Wellness-Promoting Ebook

March 27, 2013: 12:00 AM EST
Bumble Bee Foods released the "BeeWell for Life: A Living Guide" ebook that contains inspiring and motivational content aimed at encouraging readers to achieve their wellness goals. Each quarterly installment of the ebook to be published online will include wellness advice, tips, and recipes developed in partnership with the company's lifestyle experts. The ebook's first episode focuses on the new year and spring.
"Bumble Bee Foods Unveils New eBook BeeWell for Life® - A Living Guide", Bumble Bee Foods, March 27, 2013, © Bumble Bee Foods, LLC
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Other
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Nestlé’s Innovation Efforts Combined Under One Roof In Switzerland

March 25, 2013: 12:00 AM EST
Nestlé has consolidated its industrial design and other high-tech development staff and initiatives in a single System Technology Center in Switzerland. The research facilities will house 125 experts in machine technology, engineering, microelectronics and robotics gathered from 25 countries. The staff will design and develop systems, services and integrated products, such as the capsules and machines used in its Nespresso and Nescafé Dolce Gusto beverage systems. At the opening ceremony, the company unveiled its latest offering, the Nescafé Milano Lounge system, which offers a range of hot and cold beverages, including cappuccino, latte and gourmet hot chocolate.
"Nestlé centralises expertise in system technology", News release, Nestlé , March 25, 2013, © Nestle
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Nestle
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Worldwide
EMEA
Europe
Switzerland

PepsiCo Says There Are No Plans To Divest Its Drinks Business

March 23, 2013: 12:00 AM EST
Following a report in the press suggesting that the company might be forced by investors to jettison its underperforming beverage business, PepsiCo issued a statement saying that it has no current plans for such a move. The company needs to spend some time figuring out how to “unlock value that might be better unlocked while PepsiCo still owns the business,”  said CFO Hugh Johnston. A report in the Telegraph of London said activist investor Norman Peltz might  pressure PepsiCo to seek a merger with former Kraft Foods snack unit Mondelez International. Peltz has been building his stake in PepsiCo over recent weeks. He is known for buying heavily into companies, then forcing corporate changes.
"PepsiCo says it's not hungry for a big snack deal", The Economic Times, March 23, 2013, © Bennett, Coleman & Co. Ltd
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PepsiCo
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North America
United States of America

Unilever Encourages Partner Suppliers To Invest In Indonesia

March 20, 2013: 12:00 AM EST
Unilever called on its strategic foreign-based suppliers to invest in setting up manufacturing facilities in Indonesia to help ease the supply-chain bottleneck affecting the consumer goods company. Speaking at the company's Partner to Win event, Unilever chief procurement officer Marc Engel said the company has invited 32 key suppliers to review investment possibilities in the country. Market research firm McKinsey Indonesia forecast that 90 million people will have joined the country's consumer class, which represents business opportunities worth $1.8 trillion, in 2030.
Mariel Grazella, "Unilever calls on international suppliers to invest in Indonesia", The Jakarta Post, March 20, 2013, © PT. Bina Media Tenggara
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Unilever
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Worldwide
Asia-Pacific
Indonesia

After The BRIC Countries, Sub-Saharan Africa Offers Huge Sales Potential For Unilever

March 19, 2013: 12:00 AM EST
The BRIC countries (Brazil, Russia, India, China) remain at the top of Unilever’s list of big potential FMCG markets. Rural India with its 700 million people presents one of the biggest opportunities. But, according to a Unilever official in India, the company sees excellent market potential in the sub-Saharan African countries, calling the region “the next frontier of growth”. Sub-Saharan Africa has 800 million people; the region’s GDP grows annually at five to six percent. Any countries with a population of more than 100 million have a “huge market potential,” according to Unilever COO Harish Manwani.
"Unilever sees Africa as major FMCG market", The Hindu Business Line, March 19, 2013, © The Hindu Business Line
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Unilever
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Worldwide
EMEA
Asia-Pacific
Latin America
Europe
Middle East- Africa
China
India
Brazil
Russia

Coke Exec Says Company Sees No Short-Term Sales Impact From Social Media “Buzz”

March 18, 2013: 12:00 AM EST
Coca-Cola company research shows that social media “buzz” has not led to direct short-term sales, a marketing strategy exec reported at an advertising conference. "We didn't see any statistically significant relationship between our buzz and our short-term sales," the exec reported. But he pointed out that the findings do not mean that social media presence has no impact. The research covered only buzz, not sharing, video views or other factors associated with social media marketing. Coca-Cola’s flagship brand has 61.5 million fans on Facebook, the largest of any brand. A Coca-Cola marketing executive later acknowledged that the findings about buzz are true "in isolation", but that social media play a "crucial role”.
Jack Neff, "Buzzkill: Coca-Cola Finds No Sales Lift from Online Chatter", Advertising Age, March 18, 2013, © Crain Communications
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Coca-Cola Company
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North America
United States of America

Big Food Companies Serve The Breakfast-On-The-Go Market With “Healthier” Beverages

March 14, 2013: 12:00 AM EST
Kellogg and General Mills recently introduced breakfast beverages (Breakfast to Go and BFAST shakes, respectively) for the eat-on-the-run crowd, but perhaps more interesting was the news from PepsiCo. Last month the company introduced a caffeine-packed breakfast drink – Mountain Dew Kickstart –  that got a lot of people wondering whether it was a soft drink, an energy drink, or a replacement for orange juice or coffee. It contains some fruit juice (five percent), 92 mg of caffeine and high fructose corn syrup. Unlike the Kellogg and General Mills offerings, Kickstart contains no fiber or protein, but does include vitamin C, niacin and vitamin B6. The beverage is targeted at young buyers of soda and energy drinks.
Joanna Cosgrove, "The New Breed of Drinkable Breakfasts", Nutraceuticals World, March 14, 2013, © Rodman Media
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FOOD COMPANIES
General Mills
Kellogg
Other
PepsiCo
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Worldwide
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United States of America

Hain Celestial Expands Lineup Of Natural, Organic Products

March 14, 2013: 12:00 AM EST
The Hain Celestial Group, Inc. launched over 100 natural and organic food, beverage, and personal care products at the Natural Products Expo West 2013 trade show. Aside from personal care items, products announced by the company include beverages, protein, snacks, vegetarian products, gluten-free products, and baby and toddler food. These products were developed reflecting the company's health and wellness mantra, which covers improving nutrition profiles and using non-genetically modified organism ingredients.
"Hain Celestial Announces New Product Innovation", Hain Celestial, March 14, 2013, © The Hain Celestial Group, Inc.
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Nestlé’s Investment In European Facilities Continues To Expand

March 14, 2013: 12:00 AM EST
Nestlé has opened a £35 million water bottling factory in Buxton, U.K., that will bottle natural mineral water and Nestlé Pure Life spring water. The new factory is another in the company’s strategic investments in European production facilities. Last year, Nestlé spent £200 million to refurbish its Product Technology Centre for confectionery in York, U.K., and £38 million to enlarge a Purina factory in Hungary. The company also built a Nespresso factory in Switzerland and a Nescafé Dolce Gusto factory in Germany. Last year, Nestlé announced a £ 310 million investment in its coffee manufacturing business in Tutbury, Derbyshire, creating 425 new jobs.
"Nestlé boosts investment in Europe with new factory in the UK", News release, Nestlé, March 14, 2013, © Nestlé
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Nestle
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Wrigley’s Enters Energy-Boost Market With Caffeinated Chewing Gum

March 8, 2013: 12:00 AM EST
With demand for chewing gum on the decline, and interest in energy-boosting foods and drinks on the rise, Wrigley’s, maker of the Juice Fruit and Doublemint gum brands, is introducing a new product packed with caffeine. Alert Energy Caffeine Gum will begin hitting shelves in convenience stores, supermarkets and mass retailers in April, even as concern grows among consumer groups and regulators about the safety of energy products, especially among teenagers. Wrigley says its target market for the caffeinated gum is consumers aged 25 and older, and its marketing plan will avoid associating it with other brands in its product line better known among kids and teens.
Julie Jargon, "Wrigley's New Chewing Gum Packs a Dose of Caffeine", Wall Street Journal, March 08, 2013, © Dow Jones & Company, Inc
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U.S. District Court Orders False Advertising Claims Against Coca-Cola To Proceed

March 7, 2013: 12:00 AM EST
United States District Judge Fernando J. Gaitan Jr. ruled that Coca-Cola Company must defend itself from charges of falsely advertising its orange juice products as natural. The case covers the Simply Orange Juice, Minute Maid Pure Squeezed, and Minute Maid Premium brands. Seeking to dismiss the complaint, Coca-Cola said in court the plaintiffs’ claims were preempted by the Federal Food Drug and Cosmetic Act. Coca-Cola also said the lawsuit has no merits, because the complainants did not claim they saw the advertisements and they did not suffer “injury in fact.”
Josh Long , "Coca-Cola, Minute Maid Must Defend False Advertising Lawsuit", Food Product Design, March 07, 2013, © Virgo Publishing, LLC
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Coca-Cola Company
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United States of America

Not Exactly “Toaster Ready”, But Faux Pop-Tarts Are Gaining In Popularity

March 7, 2013: 12:00 AM EST
A British bakery launched by a native Californian nostalgic for childhood favorite Pop-Tarts has re-created the pastry in a purportedly healthier format. “Our customers went wild for them,” says Arianna Halshaw, who is selling her version of the toaster pastry nationwide. It comes in only one flavor – strawberry – and has one drawback: you can’t put them in a toaster. The current tart trend seems to have begun in the U.S., where chic restaurants and cafés offer hand-crafted versions of the pastry introduced by Kellogg in the 1960s and still going strong, albeit with some new flavors like red velvet (190 cal.) and s’mores (200 cal.).
"Foodie fad: Pop-tarts are back and they've been given a healthy makeover", Daily Mail , March 07, 2013, © Associated Newspapers Ltd
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General Mills Employees Help Fight Poverty In Africa

March 6, 2013: 12:00 AM EST
Partners in Food Solutions, a nonprofit group established by employees of food company General Mills, works to help poor people in Africa through technology and knowledge transfer. The group's efforts include sharing with Africa-based partners and beneficiaries General Mills' knowledge and technical expertise as a food company. Among FPS' partners in Africa are Nyirefami, a flour-milling company in Tanzania, and COMACO, a nonprofit that markets food to consumers while working to save wild animals and ecosystems.
Ken Powell, "How General Mills Uses Food Technology to Make an Impact in Africa", Harvard Business Review, March 06, 2013, © Harvard Business School Publishing
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General Mills
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United States of America
Middle East- Africa
Tanzania
Zambia

Unilever Sees Better ROI From In-Store Promotions, Plans To Reduce Social Media Campaigns

March 6, 2013: 12:00 AM EST
Unilever discovered in-store promotions can offer as much as 50 percent higher return on investment than campaigns run on Facebook and Twitter, according to unidentified sources. Although Unilever has made significant investments in social media to promote brands, including Marmite, Sure, and Lynx, the company’s marketing departments are having second thoughts about the merits of shifting budgets to social media. The same sources said Unilever is expected to re-focus marketing efforts to in-store promotions, except for brands considered that have performed better online.
John Reynolds, "Unilever reappraises approach as in-store promotions beat social-media ROI", Marketing magazine, March 06, 2013, © Haymarket Media Ltd
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Unilever
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United Kingdom

Ajinomoto Buys California-Based CDMO Althea Technologies

March 6, 2013: 12:00 AM EST
Ajinomoto Co., Inc., said it has agreed to acquire Althea Technologies, Inc., a biopharmaceutical contract development and manufacturing organization. Ajinomoto said the acquisition is part of its efforts to expand into the biopharmaceutical industry. Expected to close in April 2013, the deal will make Althea, a fully integrated CDMO that provides fill and finish, biologics manufacturing, analytical development, and stability testing services for biopharmaceutical companies, into a fully consolidated subsidiary Ajinomoto.
"Ajinomoto Co., Inc. agrees to acquire Althea Technologies, Inc., a U.S.-based biopharmaceutical CDMO*1 for approx. USD 175 million", Ajinomoto, March 06, 2013, © Ajinomoto Co.
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Other
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United States of America
Japan

Unilever Foresees Harsh Business Climate In Nigeria In 2013

March 4, 2013: 12:00 AM EST
Unilever Nigeria PLC managing director Thabo Mabe forecast business will be more difficult in 2013. Speaking at the company’s 2012 Customers Forum event in Lagos, Mabe said global warming is expected to have adverse impact on the business environment in Nigeria, as well as worldwide. Mabe, however, promised his company will push its products harder despite the forecast hardships. Unilever’s reorganization of its business in the country’s northern region helped made the region the company’s highest sales point in its 2010 financial year, Mabe said.
Princewill Ekwujuru, "Business-Nigeria: Business will be tough this year - Unilever MD", afriquejet.com, March 04, 2013, © Actualité Economie Finances Sports
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Unilever
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EMEA
Middle East- Africa
Nigeria

Fortune Survey Ranks Nestlé No. 1 Consumer Foods Company

March 1, 2013: 12:00 AM EST
A Fortune magazine survey asking 3,800 executives, directors, and analysts to rate companies in their industry on nine criteria ranked Nestlé the number one consumer food products company. Categories included innovation, people management, social responsibility, quality of management, quality of products and services, and global competitiveness. Nestlé received the top ranking in each of these categories among consumer food companies. The company was ranked 32nd among companies in all industries.
"Nestlé ranked number one in consumer food products by Fortune", News release, Nestlé , March 01, 2013, © Nestlé
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Snack Bar For Pregnant Women Contains Ganeden Probiotic

February 28, 2013: 12:00 AM EST
Probiotics manufacturer Ganeden Biotech announced that CredibleCravings, a provider of healthy, natural food products for pregnant women and babies, has included the probiotic GanedenBC30 ingredient in its perinatal snack bar. The organic bar was formulated to support the nutritional needs of pregnant and breastfeeding women and their developing children. CredibleCravings bars are made from natural ingredients including organic fruits and veggies, and sprouted seeds. They contain no artificial preservatives, artificial sweeteners, chemicals or gluten. GanedenBC30 is a gram positive, spore-forming, lactic acid producing strain of Bacillus coagulans.
"New company raises the bar for pregnant and breastfeeding women", Ganeden Biotech, February 28, 2013, © Ganeden Biotech, Inc.
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Unilever Posts Slower Growth In Fiscal Year 2012

February 27, 2013: 12:00 AM EST
Unilever Pakistan reported net revenue increased 15 percent to Rs59.7 billion for fiscal year ending December 31, 2012. Profits rose 34 percent to Rs5.5 billion, driven by higher gross margins and lower growth in operating costs. Growth in revenue, which would be impressive when measured against developed market standards, suffered due to a slowdown in sales volume growth in tea, soap, and detergent categories. Unilever plans to delist from the Karachi Stock Exchange and expand its ice cream, butter, and shampoo businesses in the country, which would put it in more direct competition with Procter & Gamble.
Farooq Tirmizi, "Corporate results: Growth slows to a crawl at Unilever Pakistan", Tribune, February 27, 2013, © The Express Tribune News Network
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Payroll Tax-Burdened Consumers Cut Back On Spending

February 21, 2013: 12:00 AM EST
Leading United States retailers, including Wal-Mart, said they are feeling the impact of the restored payroll tax on sales. Burger King Worldwide Inc., Kraft Foods Group Inc., and other companies are revising downward their sales forecasts, taking into account consumers' reluctance to spend due to smaller paychecks. Consumers' take-home pay fell 2 percent, with a household with $65,000 annual income, for example, losing $1,300 to tax payments. Wal-Mart said it is stocking its shelves with lower-priced products and smaller-size packages, while Kraft and Tyson Foods Inc. are introducing cheaper products. Smaller take-home pay is prompting 45.7 percent of consumers to reduce spending, according to a survey by the National Retail Federation.
SHELLY BANJO, ANNIE GASPARRO and JULIE JARGON, "Payroll Tax Whacks Spending", Wall Street Journal, February 21, 2013, © Dow Jones & Company, Inc.
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General Mills and Häagen-Dazs Launch Initiative To Help Madagascar Smallholder Farmers Increase Vanilla Output

February 20, 2013: 12:00 AM EST
General Mills and Häagen-Dazs launched an initiative seeking to enhance the economic conditions of smallholder vanilla farmers in Madagascar and ensure supply of high-quality vanilla in the future. In line with General Mills’ efforts to promote sustainable agriculture worldwide, the initiative will leverage the company’s supply-chain and agronomic knowledge base, Virginia Dare’s understanding of the vanilla market, and nonprofit group CARE’s expertise in fighting global poverty. As part of the initiative, Häagen-Dazs will invest $125,000 over two years to help villages in Madagascar’s Sava region.
"Häagen-Dazs and General Mills to help smallholder farmers increase yields and improve sustainability practices in Madagascar", General Mills, February 20, 2013, © General Mills Inc
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MOM Brands Unveils New Ready-To-Eat Wheat Cereal In Innovative Packaging

February 20, 2013: 12:00 AM EST
Family-owned cereal company MOM Brands has added a ready-to-eat variety to its product family. “Spooners” cereal is packaged in stand-up gusseted (i.e., expandable accordion-like) bags that sit on the shelf like a box. The bags contain 75 percent less packaging waste than comparable bag-in-box ready-to-eat cereals. A bag contains biscuits with flavored morsels baked into the middle. The format is based on the MOM Brands 12-layer biscuit made with whole grain wheat. The biscuits contain triticale, a cross between rye and wheat, with higher levels of essential amino acids. Spooners contain no artificial flavors, preservatives, hydrogenated oils or high fructose corn syrup.
"MOM Brands Announces Line of Spooners Ready-to-Eat Cereal", News release, MOM Brands , February 20, 2013, © MOM Brands
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Cereal Makers Target On-The-Go Breakfast Trend With New Drink Products

February 20, 2013: 12:00 AM EST
Kellogg and General Mills, known for their diverse lines of hot and cold breakfast cereals, are now targeting consumers who don’t have time to sit down to eat a bowl of cornflakes in the morning. They are jumping on the breakfast on-the-run bandwagon with breakfast drinks. Kellogg is rolling out “Breakfast To Go,” a milk-based drink. General Mills is testing a dairy-based breakfast shake – BFast – containing whole grains, fiber, protein, and vitamins. Meanwhile, the trend toward mobile breakfasts and snacks is not lost on Quaker Oats parent company PepsiCo, which offers a Quaker cereal powder drink in China and last summer began testing a similar drink in Brazil.
Candice Choi , "Don't have time to eat breakfast? Drink it", Yahoo! News, February 20, 2013, via Associated Press , © The Associated Press
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PepsiCo Launches New Tropicana Juice Variants In India

February 20, 2013: 12:00 AM EST
PepsiCo expanded its Tropicana range of fruit juices in India. Tropicana Fruit Powders' new variants are orange, lemon, and mixed fruit, which are initially available in some selected markets in the country. PepsiCo hopes the new variants, which are to be launched in the country in phases, will help it expand the market for its packaged juice products in India, PepsiCo India senior director of marketing, Homi Battiwalla said.
"PepsiCo expands Tropicana portfolio in India", The Economic Times, February 20, 2013, © Bennett, Coleman & Co. Ltd
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Food Authorities In The U.K. Begin Testing For Meat Products Contaminated With Horsemeat

February 19, 2013: 12:00 AM EST
As the horsemeat scandal continues to rock Europe, Nestlé announced that tests on nine processed beef products available in the U.K. – including products from the Jenny Craig weight-loss brand – had found no equine contamination. The company had earlier withdrawn beef and pasta products in Italy, Spain and France because it found traces of horsemeat. Meanwhile, the U.K.’s Food Standards Agency (FSA) said it will launch DNA testing next week of beef-based foods sold pre-packed or loose, including sandwiches, beef dripping, stock cubes, steak, stewing steak and ready meals that contain beef that is not minced. Officials in Parliament said various meat-based dishes had been withdrawn from eateries used by members, peers and staff.
James Meikle, Kate Connolly and Peter Newlands, "Nestlé UK products test negative for horsemeat", The Guardian, February 19, 2013, © Guardian News and Media Limited
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Chr. Hansen Invests In New Manufacturing Facilities To Prepare For Probiotics Market Growth

February 19, 2013: 12:00 AM EST
Determined to ride the global probiotics wave – the market will expand 6.8 percent annually through 2018 – Danish food ingredients producer Chr. Hansen announced it is building a freeze-drying plant in Denmark to produce probiotic cultures for dietary supplements. The new facility will relieve production pressure on other manufacturing plants, freeing them to focus solely on human health products and food cultures. Expected to open in spring 2014, the new plant will be the world’s largest freeze-drying factory for pharmaceutical grade probiotic cultures, the company said.
"Expanding production facilities for probiotics", News release, CHR Hansen, February 19, 2013, © Chr. Hansen A/S
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Ad Campaign For Candy Bar Hammers Away On The Theme: Eat Snickers Or Behave Badly

February 19, 2013: 12:00 AM EST
Mars Chocolate’s TV marketing campaign for its Snickers candy bar for the past two years focused on the idea that celebrities – Betty White, Robin Williams, Joe Pesci, etc. – are just regular people who behave badly without their candy fix. The successful and well regarded “You’re Not You When You’re Hungry” campaign was expanded into print with celebrities touting fake products, then later apologizing for their endorsements because they used poor judgment when they were hungry. The BBDO-created campaign has now taken a co-branding turn, offering, for example, discount coupons for online flower purchases, and the suggestion that you may have ignored the flower offer previously because you hadn’t had your Snickers fix.
Stuart Elliott, "Candy Aims Print Ads at Consumers ‘Hungry’ for Redemption", The New York Times, February 19, 2013, © The New York Times Company
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Kraft Revamps Innovation Process, Bets Its Future On New Product Development

February 19, 2013: 12:00 AM EST
Five years ago, Kraft Foods Group was failing at new product development: 17 of the 19 products tested that year bombed. And 2009 wasn’t much different. Part of the problem was that the company lacked an ethos of innovation: ideas were small, the process lacked rigor and focus, there was little investment supporting product launches, and working in innovation was considered a dead-end job. But that situation is turning around. Kraft has outlined changes it is implementing to develop and support new products. It has created an “innovation playbook” that calls for increased investment in “fewer, bigger ideas” that receive a lot of company attention, according to Barry Calpino, who heads up the revamped  innovation process.
Emily Bryson York, "Kraft acknowledges faults, unveils new path", Chicago Tribune, February 19, 2013, © Chicago Tribune Company, LLC
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Danone Tightens Belt In Face Of Slack Consumer Demand, Weak European Economy

February 19, 2013: 12:00 AM EST
Danone has decided to eliminate 900 management and administrative positions in 26 European countries as a cost-cutting measure in response to significant profit declines in Europe. The changes are being implemented despite a 5.4 percent increase in sales in 2012. The cutbacks will be made through corporate restructuring and attrition over two years, the company said. The company blamed the cutbacks on a persistent downturn in the European economy coupled with declining consumer demand.
"Danone to Cut 900 Jobs After Profitability Declines", Food Ingredients First, February 19, 2013, © CNS Media BV
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Nestlé Pulls Beef Products With Horse DNA From Italy, Spain, And France

February 19, 2013: 12:00 AM EST
Nestlé SA withdrew some of its beef pasta meals from the market in Italy, Spain, and France after traces of horse DNA were found in these products. More than 1 percent horse DNA was found in two products following tests, the company said. Nestlé also said it was putting on hold deliveries of finished products using beef supplied by JBS Toledo N.V.'s subcontractor H.J. Schypke. Also, the company said these products posed no food safety risks and that the withdrawals would not impact the company's financial performance.
JOHN REVILL And INTI LANDAURO, "Nestlé Pulls Products After Horse Traces Found", Wall Street Journal, February 19, 2013, © Dow Jones & Company, Inc
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Unilever To Put IBM Supercomputer To Work On Consumer Product Design

February 18, 2013: 12:00 AM EST
Unilever has partnered with the U.K.’s Science and Technology Facilities Council to gain access to the Hartree Centre’s powerful IBM supercomputer, nicknamed the "Blue Joule". The company will put the computer to work on consumer product design across a variety of product families. The Blue Joule is one of the fastest computers in the world, capable of more than 15 trillion calculations per second, and is linked to the Hartree Centre’s cutting edge 3D Visualisation Suite. A Unilever spokesman said the partnership with STFC “will give our R&D community a powerful competitive edge when we have fully integrated the high performance computing capabilities”.
"Partnership puts computational science at the heart of Unilever's R&D", Science and Technology Facilities Council, February 18, 2013, © Science and Technology Facilities Council
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Whole Foods Reports Strong Sales Growth For January 2013 Quarter

February 13, 2013: 12:00 AM EST
Whole Foods Market, Inc. reported sales increased 14 percent to $3.9 billion for the 16-week first quarter ending January 20, 2013. Comparable store sales increased 7.2 percent, while identical store sales rose 7.1 percent, the retailer added. Earnings before interest, taxes, depreciation, and amortization grew 19 percent to $337 million from the previous year, while net income increased 24 percent to $146 million. Diluted earnings per share rose 20 percent to $0.78. Results are affected by the $3 million product losses and other costs related to Hurricane Sandy.
"Whole Foods Market Reports First Quarter Results", Whole Foods, February 13, 2013, © Whole Foods Market, Inc.
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