US food and consumer goods producer Sara Lee announced Friday it
has entered discussions with Smithfield to sell its European meats
arm, following a drop in the division's anticipated selling price.
Swiss food giant Nestlé has announced a first-quarter sales rise of
14.1 per cent to CHF22.8bn (€14.5bn), beating analyst expectations
and reconfirming its full-year target of a five to six per cent
growth rate.
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.
Nestlé has finalised arrangements for a new fund that will invest
in food companies producing for the health, well-being and
nutrition sectors, as part of the group's drive to stay on top of
consumer health trends.
Despite a tough trading environment and serious fire damage to a
processing plant, British snack firm United Biscuits has delivered
a sizeable full-year profit rise of 25 per cent.
Like many other food producers General Mills is suffering from
rising costs, which are holding back profits, despite increasing
sales, according to the latest financial report.
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.
Advertisements for Kellogg's Coco Pops Straws have been referred to
the UK's Advertising Standards Authority (ASA) after a consumer
watchdog claimed they were misleading to children and adults.
Nestlé, the world's biggest food firm, has taken out adverts in
Saudi Arabia to refute rumours that two of its dairy products are
Danish, as unlucky Arla Foods continues to suffer from 'those
cartoons'.
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.
The world's leading cereal manufacturer Kellogg has announced a 3.2
per cent rise in quarterly net profit as cost-cutting techniques
continue to keep rising fuel and ingredients expenses at bay.
Prices for raw materials and energy are forecast to rise by around
five to 10 per cent this year, but Nestlé believes cost cuts will
balance the equation out, the company's chief executive said
yesterday.
Snack firm Frito Lay is to face a law suit for deceptively
marketing its 'Light' potato chip range in order to trick consumers
into believing the products do not contain the controversial fat
substitute olestra, said the...
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.
PepsiCo's successful diversity and faster action on health has
taken it ahead of Coca-Cola in the market for the first time in 112
years, but don't be fooled into thinking Coca-Cola is dead wood.
Cereal giant Kellogg is to reformulate some of its products with a
low linolenic soybean oil in an effort to reduce or eliminate trans
fatty acids while also minimizing the saturated fat content of the
products, the company announced...
PepsiCo has announced two acquisitions to bolster its snack food
portfolio: Sara Lee's European nut business and Stacy's Pita Chip
Co, the biggest pita chip maker in the US.
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.
US bakery and international consumer goods manufacturer Sara Lee
has announced the sale of its European branded apparel business as
part of the company's bid to redefine its over-stretched product
portfolio and turn around its...
Leading US bakery Sara Lee yesterday reported a decline in sales in
its first quarter, with net income hit hard as the company enters
the ninth month in its five-year transformation strategy to shed
unprofitable businesses.
Nestlé says it will embrace moves by hard discounters to sell more
branded products as part of its plan to recover from difficult
times on Europe's food and drink market.
Leading Scottish shortbread manufacturer Walkers Shortbread last
week introduced its new whisky mince pies at the Anuga trade show
in Cologne. The company plans to launch the product in the UK for
the Christmas season.
Crisp and snack company Walkers is to open a new UK plant in
Skelmersdale. The plant will produce Walkers snack products and
will take over some of the production from the soon to close
Swansea factory, the company has said.
Leading US bakery and international consumer goods manufacturer
Sara Lee has announced that it has entered negotiations regarding
the sale of its European branded apparel business. The move forms
part of the company's bid to...
Knowledge gained from modern physics will help food scientists
construct the rational design of complex food materials for new
food products, say Nestle scientists.
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.
Leading cereal maker Kellogg is to introduce a programme in the US
designed to help families get fit and keep healthy. The programme
involves a daily bowl of cereal combined with a daily walk.
UK snack manufacturer Walkers is taking the lead in seasonal snack
product launches, with plans to introduce special products for the
Halloween and Christmas periods.
A second major case of bread contamination in the past week is set
to put bakeries on the alert for contamination risks, as leading US
bakery Sara Lee announces the recall of a number of its products.
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...
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.
Leading cereal maker Kellogg on Monday launched a new initiative in
the US to promote its fibre-rich cereal products. It aims to raise
awareness of the importance of dietary fibre in order to encourage
Americans to increase their...
International consumer goods maker Sara Lee has confirmed that it
is selling its direct sales cosmetics business to Tupperware for
$577 million. The move forms part of the company's bid to redefine
its over-stretched product...
Major cost-cutting at US-based Sara Lee boosted operating profits
at its bakery division by 36 per cent over 2005 but sales were down
on the previous year after a 53rd week in 2004 swelled turnover.
British food group RHM last week announced it will launch a
crustless bread under its Hovis brand, targeted at young children
who only like the soft part of a loaf.
A new all wholegrain cereal range was launched in the UK last week
by cereal giant Kellogg, targeting the increasing number of
consumers turning towards healthier wholegrain products. Yet a
Mintel analyst says it is unlikely to be...
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
Heller.
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.
Kellogg has increased sales and profits in its first quarter
through clever pricing and strong marketing investment, helping the
firm to forge ahead in healthy snacks and beat off private label
competition in cereals, reports Chris...