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Top PepsiCo exec slams Peltz for selective ‘financial engineering’

PepsiCo has hit out at activist investor Nelson Peltz for continuing to press for a split between its beverage and snack arms, and says his use of data is ‘selective,...

Who is the gluten-free consumer? Find out at the FoodNavigator-USA Forum: Gluten-free in Perspective

Are consumers who say they’re avoiding gluten really just avoiding wheat? Can we trust survey data about the number of people following ‘gluten-free diets’? Are market researchers' (wildly differing) estimates...

Exotic snack flavor innovation must go beyond heat, says Snyder’s Lance

The American palate is more welcoming of exotic, ethnic flavors but snack innovation must go beyond just hot and spicy, says Snyder’s-Lance innovation head.

PopChips agrees $2.4m ‘all-natural’ lawsuit settlement; settlements also likely in Kashi and Bear Naked cases

Snack maker PopChips looks set to become the latest firm to stop using the term ‘all-natural’ to describe its products after agreeing to settle a lawsuit alleging it misled consumers...

Oxfam sustainability scorecard reveals ‘leaders and laggards’

Leading food and drink makers including Nestlé, Unilever and Coca-Cola have made good progress in the year since Oxfam released its first Behind the Brands sustainability scorecard – and only...

Indulgence Patisserie’s £2.5M plant to add up to 30 jobs

Desserts business Indulgence Patisserie aims to create 25–30 jobs in the next three years after completing a new factory next to its existing Colchester facility.

News in brief

Fruit pouch snack maker opens second US plant

Materne North America, the makers of GoGo squeeZ Applesauce, will reportedly invest $85m in a food processing plant in Nampa, Idaho, creating 230 jobs.

Associated British Foods results undermined by sugar

Weak sugar prices will be offset by a strong performance of its budget clothing business Primark, according to Associated British Foods’s (ABF’s) pre-close trading statement, covering the first half of...

Grupo Bimbo doubles full-year profits, pulls in historical EBIDTA

Grupo Bimbo doubled its net profit for 2013 and totted up its highest ever EBIDTA – improvements that defined what its CEO described as a ‘pivotal’ year.

Food firm told to pay £5.4k for finger injury

A London food firm has been ordered to pay £5,400 after one of its workers suffered serious finger injuries while cleaning a poorly guarded machine.

Frito-Lay CEO: We went very, very deep on snack occasions

Frito-Lay has looked deeply into consumer snacking occasions to get a better understanding on how to sway business, its CEO says.

Kellogg CEO: We integrated Pringles flawlessly

The acquisition of Pringles back in 2012 has tripled the scale of Kellogg in some emerging markets – completely changing the nature of business, its CEO says.

Euromonitor: Grupo Bimbo could face disappointment with Canada Bread

Grupo Bimbo will have its work cut out baking up success in Canada and could be disappointed if it expects too much, says analyst. 

Goodbye GMOs (and vitamin B12, D, A, and Riboflavin): New non-GMO Grape Nuts and Original Cheerios are ‘certainly less nutritious’, claims professor

The new non-GMO formulations of Original Cheerios and Grape Nuts might be made without ingredients from genetically engineered crops, but they also come with fewer vitamins - although brand owners...

'Rumble in the snack soda jungle': Peltz v. PepsiCo

As crusading investor Nelson Peltz lets off another bomb in the Pepsi boardroom – this time in the form of a 37-page letter criticizing the firm’s snack/soda integration – we...

General Mills CEO: Cereal slowdown is industry's fault

The sales slowdown in the US cereal category has nothing to do with consumers and everything to do with manufacturers, says the chairman and CEO of General Mills.

Special K Australia eyes ‘healthier direction’ after slashing salt

Kellogg Australia has reduced the sodium content of its Special K cereals by 15% in a recipe overhaul and says it will take a new, healthier direction in 2014.

Kellogg revamps palm oil policy after months of protests

The Kellogg Company has pledged to source fully traceable palm oil by the end of next year, a move that has been welcomed by NGOs that have been fighting for...

Special edition: Gluten-free

Weston Bakeries: I’m not sure there is a ceiling on the gluten-free market; if there is, we haven’t reached it yet

If there is a natural ceiling to the gluten-free market, we’re nowhere near hitting it yet, according to Weston Bakeries, which is rolling out its new All But Gluten fresh...

PepsiCo CEO: Snacks will be the heavyweight of our future

Snacks outshone beverages for PepsiCo in its full year 2013 results and CEO Indra Nooyi said the category would become its new heavyweight. 

Grupo Bimbo to buy Canada Bread for C$1.83bn

Mexican bread titan Grupo Bimbo will dish out C$1.83bn to buy the Canada Bread Company – 90% of which belongs to Maple Leaf Foods.

Ginsters: 'Manly' ad campaign will fuel male interest

UK-based pasty maker Ginsters wants to re-engage with its core male audience through a £4m ($6.58m) advertising campaign but said the tone does not aim to be 'laddy' or alienate female consumers....

News in brief

Sweet growth for salty snack maker Snyder's-Lance

Snyder's-Lance has reported a 9% jump in net revenue from the previous year.

Park Cakes rejects union’s bakery cheap labour claims

Park Cakes has rejected claims by the Bakers’ Food and Allied Workers Union (BFAWU) that its success in winning a multi-million pound contract from Marks & Spencer (M&S) was driving...

Kellogg cereal woes: Q4 net sales dip amid full year profits

The Kellogg Company has reported lower-than-expected fourth quarter sales due to continued weakness in cereal but its president and CEO says the company can still win at the breakfast occasion. ...

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