Kraft plans R&D centre for ex-Danone biscuit unit
09-Oct-2009 By Guy Montague-Jones
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.
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
24-Sep-2009 By Caroline Scott-Thomas
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
17-Sep-2009 By Carina Perkins
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.
14-Sep-2009 By Guy Montague-Jones
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
09-Sep-2009 By Nick Hughes
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
07-Sep-2009 By Nick Hughes
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 powerhouse.
Kraft reaps rewards from sustainable processing strategy
14-Aug-2009 By Rory Harrington
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 20 per cent in three years, the company said.
Kraft to sell off Nordic and Baltic salty snack brands
07-Aug-2008 By Jess Halliday
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 equity firm.
Financial briefs: Northern Foods, Kraft, Weston Foods
30-Jul-2008 By Laura Crowley
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
10-Jun-2008 By Lindsey Partos
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.
04-Jun-2008 By Linda Rano
Warbutons plans to open a new bakery, Kraft expands its healthy
living range, and popcorn becomes personalised.
Kraft Foods sells European assets
25-Apr-2008 By Annie Launois
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 to
Kraft attacked over China relocation plans
26-Mar-2008 By staff reporter
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 local
Kraft, Sara Lee predict 2008 profit growth
21-Feb-2008 By Charlotte Eyre
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
01-Feb-2008 By staff reporter
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
06-Dec-2007 By Charlotte Eyre
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
03-Dec-2007 By Charlotte Eyre
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
15-Nov-2007 By Charlotte Eyre
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 on core divisions.
Kraft takes larger slice of snack pie with Danone buy
12-Nov-2007 By Neil Merrett
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 division of
News briefs: Kraft, Kellogg and antioxidant nuts
30-Oct-2007 By Charlotte Eyre
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
24-Oct-2007 By Charlotte Eyre
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 deal.
Kraft resets its focus to drive down costs
07-Sep-2007 By Ahmed ElAmin
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 executive stated at a
conference this week.
Kraft reveals its four approaches to health and wellness
31-Aug-2007 By Lorraine Heller
Kraft explains its approach to health and wellness in the second of
a series of FoodNavigator-USA.com articles examining the practices
of major US food firms in the face of a growing need to address
Kids advertising legislation may force Kraft to sell Post
21-Aug-2007 By Karen Wilmer
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 report by the Wall
Kraft profit margins down due to higher input costs
01-Aug-2007 By Karen Willmer
Kraft's profit margins will continue to decline in the second half
of the year due to increases in input costs, the company said
Kraft to buy Danone biscuits
03-Jul-2007 By Charlotte Eyre
Kraft Foods today offered €5.3bn for Danone's
biscuit and cereals divisions, which generate about €2bn in sales
Investor Peltz takes stake in Kraft
25-Jun-2007 By Charlotte Eyre
US activist investor Nelson Peltz has bought a 3 per cent stake in
Kraft Foods, giving him some control over the food company's
Kraft plans roadmap for success
22-Feb-2007 By Catherine Boal
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
07-Sep-2006 By Catherine Boal
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
27-Jul-2006 By Catherine Boal
Global snack heavy weight Kraft Foods has reported steady results
but figures show the impact of a year of change for the US based
Confirmed: Kraft buys Spanish UB unit
11-Jul-2006 By Anita Awbi
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
27-Jun-2006 By Anita Awbi
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
05-Jun-2006 By Anita Awbi
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
10-May-2006 By Anita Awbi
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
20-Apr-2006 By Anita Awbi
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
23-Feb-2006 By Anita Awbi
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
01-Feb-2006 By Anita Awbi
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 rising
energy and ingredient costs.
Kraft to scrap GM ingredients in China
02-Jan-2006 By Chris Mercer
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
17-Nov-2005 By Peter Stiff
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 packaging costs caused by higher
global oil prices.
Kraft launches healthy Nabisco snack line
03-Oct-2005 By Lorraine Heller
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
20-Sep-2005 By Lorraine Heller
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
limit products advertised to children...
Kraft Foods spears new products to sustain growth
Food giant Kraft Foods, the maker of Maxwell House coffee and
Nabisco cookies, will push funds behind 'fewer, bigger and better
new product ideas' to fuel sustainable growth.
Kraft introduces new products for South Beach Diet
The leading US food maker Kraft Foods is putting its weight behind
the increasingly popular South Beach diet, launching a new line of
foods for people following the regime, reports Lorraine
Kraft puts money into flavor research
Kraft Foods is helping to finance a seat at the Monell Chemical
Senses Center, which should help scientists - and food companies -
to learn more about the intensity and quality of flavors.
Kraft extends nutrition labelling to US audience
Kraft Foods, the world's biggest food company, has announced its US
operation is to provide consumers with more nutritional information
about its products - a precedent already set by its UK division,
Tom Armitage reports.
Kraft's earnings suffer despite healthy efforts
Despite attempts by Kraft Foods to give the company a healthier
image, earnings fell for the fifth straight quarter as higher
commodity costs and retail price pressures took their toll.
Kraft nutrition labels to appease US government
The rising pressure on US food producers to play their part in
improving the health of the world's fattest nation has led Kraft
Foods to promise more nutritional information on selected snack,
dairy and beverage products - a...
Kraft spending its way out of trouble?
Increasingly health conscious US consumers chose to bypass the
snack packs of food giant Kraft in the second quarter, a trend
which weighed heavily on profits at the country's biggest food
maker. But a major marketing push highlighting...
Health concerns drive Kraft innovations
Kraft Foods confirmed its commitment to healthier foods yesterday,
outlining a series of steps designed to help reduce obesity rates.