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Nestlé and Kraft probe palm oil sources after sustainability claims

The globe’s two biggest food firms, Nestlé and Kraft, have launched internal investigations after a Greenpeace report claimed both purchase palm oil from Indonesian company PT Smart whose parent group...

News in brief

Kraft upbeat at Bolshevik biscuit factory opening

Kraft was upbeat about its investment in the Russian biscuit market at the opening of a Bolshevik cookie factory this week.

Kraft plans R&D centre for ex-Danone biscuit unit

Kraft plans to invest €15m in a new innovation centre for biscuits in France following the acquisition of the Danone biscuit business two years ago.

News in brief

Cadbury boss makes veiled attack on Kraft’s brand of capitalism

Cadbury CEO Todd Stitzer told a fair trade conference in London on Thursday that taking away its “principled capitalism” would destroy Cadbury’s appeal, according to the UK’s Guardian newspaper....

Cadbury tells Kraft to bid or back off

Cadbury has approached the UK’s Takeover Panel, asking it to impose a deadline for Kraft to make an offer.

Cadbury confident despite Kraft bid

Cadbury has given a confident presentation of its stand-alone strategy in the midst of speculation that the company is unlikely to hold onto its independence following Kraft’s failed take-over bid....

Cadbury slams Kraft bid and business model

Cadbury has labelled Kraft “a low growth conglomerate” in a letter restating its rejection of the food giant’s £10.2bn ($16.7bn) takeover bid.

Kraft defiant over Cadbury valuation

Kraft Foods has defended its valuation of the Cadbury business and insisted that it remains the most logical buyer for the UK confectionery manufacturer.

Kraft Foods launches Cadbury takeover bid

Kraft Foods has confirmed it has had an initial takeover bid for Cadbury rejected but said it intends to work towards a deal that would create a $50bn food industry...

Kraft reaps rewards from sustainable processing strategy

The need to maximise profit combined with a desire to help the environment have been major drivers in Kraft slashing water use in its food processing operations by more than...

News in brief

BakeMark and Kraft create frozen Toblerone cookie blocks

BakeMark UK has collaborated with Kraft Foods to create Toblerone cookies for the bake-off market.

Kraft to sell off Nordic and Baltic salty snack brands

Kraft Foods is continuing to sharpen its focus on core brands with its latest divestment announcement – the sale of its Nordic and Baltic salted snack business to a private...

Financial briefs: Northern Foods, Kraft, Weston Foods

Northern Foods and Kraft have successfully offset high commodity costs by focusing on core brands, while Weston Foods suffered an operating income decline of 30 per cent.

News briefs: Kraft, bread price crunch, and bakery closures

US food giant Kraft has set up a new Spanish and Portuguese Kraft subsidiary following the purchase of Groupe Danone's global biscuit business, including LU Iberia, in November 2007.

News Briefs: Warburtons, Kraft and personalised popcorn.

Warbutons plans to open a new bakery, Kraft expands its healthy living range, and popcorn becomes personalised.

Kraft Foods sells European assets

Kraft Foods announced on 24 April that it has signed agreements to sell its Artiach biscuits business in Spain to Barcelona-based bakery Panrico and its Balaton chocolate trademark in Hungary...

Kraft attacked over China relocation plans

A labour union at Kraft's Chinese division said the firm violated labour laws by not adequately informing its employees about the relocation of its headquarters in the country, according to...

Kraft, Sara Lee predict 2008 profit growth

Global food firms Kraft and Sara Lee yesterday said they expected to experience growth over the course of 2008, despite the impact of the current commodity squeeze.

Kraft profits down on input costs

Global food giant Kraft yesterday posted fourth quarter profit losses of six per cent, despite higher volume sales of chocolate, biscuit and beverage brands.

Kraft denies Brazilian acquisition

Global food giant Kraft yesterday denied making a bid for Brazilian poultry company Perdigao, despite a flurry of merger and acquisition activity over the last year.

News briefs: Kraft, Heinz and Lotte

Heinz posts a nearly 10 per cent increase in operating profits; Kraft finalises the acquisition of Danone's biscuit division; and Korean company Lotte moves into the Japanese cake market.

Kraft to sell Post Cereals to Ralcorp

Food giant Kraft Foods today announced a demerger of its Post Cereal brand to Ralcorp Holdings for $2.6bn of stock and cash, as part of the company's strategy to concentrate...

Kraft takes larger slice of snack pie with Danone buy

Kraft Foods is set to take an even larger share of the global snack market after receiving conditional approval by the European Commission to purchase the biscuit, cereals and snack...

News briefs: Kraft, Kellogg and antioxidant nuts

Kraft signs the legal documents to acquire Danone's biscuit unit; Kellogg's will increase its advertisement spend; and new research suggests that boiling nuts retains their antioxidant properties.

EU extends review of Kraft Danone deal

The European Commission announced it has extended the time limit on its inquiry into Kraft's proposal to purchase Danone's biscuit division, after both parties submitted new information relevant to the...

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