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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...

Kraft resets its focus to drive down costs

Kraft Foods will drive down costs by $1bn (€732m), rejig its global portfolio, and exploit its sales capabilities, in a bid to make the company more profitable, the company's top...

Kraft reveals its four approaches to health and wellness

Kraft explains its approach to health and wellness in the second of a series of articles examining the practices of major US food firms in the face of a...

Kids advertising legislation may force Kraft to sell Post

Kraft may be selling the US based cereals business for as much as $3bn (€2.2bn), because of pressure from new legislation in regards to advertising to children, according to a...

Kraft profit margins down due to higher input costs

Kraft's profit margins will continue to decline in the second half of the year due to increases in input costs, the company said today.

Kraft to buy Danone biscuits

Kraft Foods today offered €5.3bn for Danone's biscuit and cereals divisions, which generate about €2bn in sales annually.

Investor Peltz takes stake in Kraft

US activist investor Nelson Peltz has bought a 3 per cent stake in Kraft Foods, giving him some control over the food company's future.

Kraft plans roadmap for success

US snack giant Kraft has announced new initiatives which, it claims, will enable the company to hit long-term targets and reverse its recent revenue downturn.

Kraft biscuit buy goes ahead

US Food giant Kraft has completed its acquisition of United Biscuits' Iberian biscuit sector in a $1.07bn (€836m) deal that will increase its already-strong presence in Europe.

Steady results for Kraft

Global snack heavy weight Kraft Foods has reported steady results but figures show the impact of a year of change for the US based company.

Confirmed: Kraft buys Spanish UB unit

Leading food manufacturer Kraft has paid £575m (€829.6m) for United Biscuit's southern European snack business. The deal was signed off over the weekend, said British daily The Financial Times.

Kraft prepares for UB bid

American manufacturer Kraft will make a bid for United Biscuit's southern European division, while Premier Foods and a Dutch equity firm negotiate for stakes in UB's northern European operations.

Kraft customers to invent new products

US food firm Kraft has launched a customer-led research and development programme, in a bid to re-engage with consumers and tap growing health and wellness trends.

Kraft and Premier Foods eye United Biscuits

US food giant Kraft is partnering with Britain's Premier Foods to launch a bid for United Biscuits, according to industry insiders.

Kraft's tax rebate strengthens finances

Kraft Foods has recorded stable first quarter results, masking falling operating income with a favourable tax settlement and raising prices to combat spiralling production costs.

Kraft to target health, convenience and premium trends

US manufacturer Kraft Foods has announced a "fewer, bigger, better" policy, concentrating on crucial brands in key areas as the firm suffers from lagging performance.

Kraft cuts 8,000 jobs to offset spiralling costs

US manufacturer Kraft Foods has announced a massive extension to its three-year restructuring plan that will see a further 8,000 jobs and 20 production plants go, as the company absorbs...

Kraft to scrap GM ingredients in China

Kraft Foods, the US snack and dairy firm, has agreed to remove all genetically modified ingredients from its products in China, in a sign anti-GM attitudes are on the increase.

Kraft feels the pressure of rising energy and packaging costs

Kraft Foods has confirmed that it is increasing prices of many of its products in the United States by an average of 3.9 per cent because of rising energy and...

Kraft launches healthy Nabisco snack line

Leading US food manufacturer Kraft Foods has taken another step in the direction of health and wellness, launching a new line of wholegrain snack products under its Nabisco brand.

Kraft targets kids' advertising as part of health and wellness campaign

On the back of growing consumer interest in healthy eating, leading US food maker Kraft Foods is focusing on its increasingly successful health and wellness segment, announcing plans to further...

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