Nestlé completes Kraft pizza acquisiton
Nestlé is starting the integration of Kraft’s frozen pizza business into its international organisation, after competing the acquisition yesterday.
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 Sinar Mas allegedly engages in widespread illegal...
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.
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 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 powerhouse.
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 20 per cent in three years, the company said.
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 equity firm.
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.