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.
Kraft Foods sells European assets
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
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
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
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
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
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 on core divisions.
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 division of
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.