Popcorn (scientific name Zea mays everta) has been eaten for over 5,000 years, with remnants of popped kernels found in a cave in Mexico that are believed to date back to around 3600 BC. No wonder it has its own National Day.
Diamond Foods is facing a second class action lawsuit alleging its Kettle potato chips contain a synthetic preservative, thus falsely claiming to being ‘Made with Natural Ingredients’ and ‘No Preservatives’.
US snack maker Snyder's-Lance has reported an increase in its Q3 2016 net revenue of more than 41%, attributing it to the recent acquisition of Diamond Foods.
Snyder's-Lance is to expand its snack foods empire with the acquisition of Emerald Nuts and Kettle Brand chips maker Diamond Foods in a cash and shares deal worth approximately $1.91bn.
Diamond Foods has been granted partial dismissal on claims made against its use of ‘reduced fat’ messaging on Kettle chips, but the complainant has been given time to amend his case.
While its fourth quarter figures make for dismal reading, there are some silver linings to the clouds that have enveloped Diamond Foods for the past couple of years, CEO Brian Driscoll told analysts this week.
A federal judge in California has given the green light to a proposal from Diamond Foods - potentially worth $120m - to settle a class action lawsuit from investors who bought stock in the firm just before its $2.3bn mega-deal to buy Pringles went south...
Premium nuts and snacks maker Diamond Foods has agreed to settle a private securities class action against the firm and two of its former executives over accounting errors that forced it to restate its 2010 and 2011 earnings and scuppered its plan to...
Premium nuts and snacks maker Diamond Foods has reported an $86.3m net loss on a 2% rise in sales to $981.4m for the year to July 31, but stressed that the results do not reflect its recent change in strategic direction.
Procter & Gamble has reaffirmed its commitment to complete the sale of global snack brand Pringles to Diamond Foods by June 2012, despite a sharp fall in Diamond’s share price last week.
Booming sales of premium products such as Kettle Chips helped the UK crisps and snack market grow by 6 per cent in 2009, according to YouGov SixthSense research.
