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General Mills profits plunge 25% but 2015 growth targets will be kept

A tough operating environment with softer retail trends saw General Mills’ net profit plunge for the first quarter of financial year 2015, but its CEO remains certain growth targets will...

FDA survey shows excellent compliance for gluten-free labeled foods, but what about non-labeled gluten-free?

Almost 99% of foods labeled as gluten-free in the US are in compliance, with 1.1% mislabeled/misbranded because of the presence of gluten above an acceptable threshold. But the numbers are...

Europe is ripe for UK gluten-free businesses

France and other European countries are prime targets for the UK’s established gluten-free (GF) businesses, according to an industry expert.

Can General Mills overcome the Annie’s acquisition backlash?

General Mills has defended the future of Annie’s natural and organic snacks under its ownership, but two experts say the company will have to work hard to beat the critics....

Ancient Harvest CEO: ‘Entry into the hot cereal category was an obvious choice’

Ancient Harvest’s hot cereal range plays to a consumer focus on protein, gluten-free and nutrition at breakfast, says the firm's CEO.

News in brief

Fletchers launches 50:50 sliced bread for foodservice

Fletchers Group of Bakeries has launched a half-white, half-brown sliced bread under its Kara Brand to the UK’s out-of-home market.

Ocean's Halo capitalizes on groundswell of popularity for seaweed chips with organic version

In a sign of how much American palates have changed, Ocean’s Halo Seaweed Chip is building on the success of its original seaweed chip line with a reformulated organic version...

Weetabix unveils Alpen bars for Chinese market

Alpen bars targeting busy professionals are the first Weetabix products to be formulated specifically for the Chinese market, following the UK company’s majority buy-out by Chinese conglomerate Bright Foods in...

Bakeries reduce portion sizes to cut obesity levels

Bakeries are being forced to shrink the size of their sweet products, as weight-conscious consumers demand better quality desserts with less sugar and fewer calories.

Flowers Foods CEO: As a strong no.2 in fresh baking, we’re poised for growth

Flowers Foods is open-minded on the lookout for future acquisition opportunities and is committed to driving its portfolio into new US markets, its CEO says.

News in brief

Dare Foods rolls out peanut-free kids’ snacks

Canadian snack firm Dare Foods has rolled out a series of peanut-free snacks to target the back-to-school season.

The icing on the cake? Premier bakes up $48m Mr Kipling investment

Premier Foods has put £10m ($16m) behind a multi-media promotional Mr Kipling campaign, just months after committing £20m ($32m) for a snack pack production line.

General Mills to acquire Annie’s in $820m deal to expand natural & organics portfolio

General Mills has made a bold move to expand its presence in the fast-growing natural and organics market with an $820m deal to acquire Annie's.

Workers ‘devastated’ as 186 KP Snacks jobs face axe

KP Snacks’s plans to close factories at Consett in County Durham and Corby in Northamptonshire, threatening up to 186 jobs, have ‘devastated’ longstanding workers there, according to trades union GMB.

Breaking News

Jordan brothers in major breakfast cereal deal

David and Bill Jordan, the brothers who launched the Jordans cereals brand, have taken over ownership of European Oat Millers (EOM), a major supplier of breakfast cereal ingredients and own-label breakfast cereals....

Grupo Bimbo: ‘To be innovative you have to foster a culture of risk-taking’

The secret to successful innovation is about taking risks, being open to failure and trying again, says the vice president of innovation at Grupo Bimbo.

Allied Bakeries creates 27 new jobs

Allied Bakeries (AB) has created 27 new jobs at its Glasgow facility after pumping £8.4M into its new Kingsmill Sandwich Thins production line.

News in brief

Snyder’s-Lance appoints chief sales officer

Snyder’s-Lance has promoted Dan Morgan to chief sales officer to head up a team of 650 employees focused on sales, operations and distribution globally.

Kellogg’s interest in Egyptian snack maker BiscoMisr ‘makes sense’

Kellogg has bid for a 51% stake in Egyptian biscuit and breakfast cereal firm BiscoMisr, according to a filing in Egypt’s stock exchange – a move which would makes sense,...

Grupo Bimbo & General Mills make Forbes ‘most innovative’ list

Mexican bread titan Grupo Bimbo and US cereal major General Mills have ranked on Forbes’ annual top 100 ‘most innovative’ companies list.

Special K US annual sales slump 9.7%

US total sales for Special K dropped $56m for the year; a slump that could be rescued with lifestyle-focused NPD, says the head of innovation at Mintel.

India

PepsiCo to double investment in Indian snacks

PepsiCo chairman Indra Nooyi has pledged to double the company’s investment in its Indian food processing operation to add to the sizeable sums it has already spent in the country....

News in brief

GMA awards PepsiCo for ‘Do Us a Flavor’ campaign

The Grocery Manufacturers Association awarded PepsiCo for its Do Us A Flavor campaign.

More than 800 job cuts proposed at bakery plants

More than 800 job cuts have been proposed at 2 Sisters Food Group’s Gunstones bakery and Avana Bakeries, previously owned by 2 Sisters and now owned by Utopia Foods.

Bimbo Bakeries USA soccer sponsorship will cash in on World Cup fever

Bimbo Bakeries USA (BBU) has renewed its multi-year soccer jersey sponsorship with Philadelphia Union in a deal rumored to be more than $11m.

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