Mondelez International and Kraft Foods have filed a motion to dismiss fraud allegations in a wheat manipulation case brought forward by the US Commodity Futures Trading Commission (CFTC).
Heads of finance, marketing, R&D leaving at month’s end
Under new CEO John Cahill, Kraft Foods Group has announced new roles for two top executives and the imminent departure of the company’s current heads of finance, marketing, and R&D.
Kraft Foods’ refusal to adopt a policy on extended producer responsibility (EPR) for its US packaging operations is likely causing millions of dollars of post-consumer waste ending up in landfill, said a shareholder advocacy group as it warned the move...
Kraft Foods is off to a solid start to 2012 in its first quarter (Q1) results driven by sales growth in global biscuits and chocolate and strong performance in emerging markets.
UK-based United Biscuits (UB) may have attracted bidders from Asia and major companies like Kraft and PepsiCo amid rumours the company has split its operations into a snacks and biscuit division, according to an analyst.
Developing markets are to make up almost half of revenues for Kraft’s global snacks business as the spin-off business announces Irene Rosenfeld as its head.
Kraft Foods is leveraging the growing trend for chocolate and biscuits in developing markets with the opening of a new $80m production facility in Brazil.
Kraft Foods said the development of an innovative packaging design tool and choosing smarter packaging solutions has helped it has cut 116m kg (150m pounds) of packaging from its supply chain since 2005.
Kraft Foods has defended its valuation of the Cadbury business and insisted that it remains the most logical buyer for the UK confectionery manufacturer.
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 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
Nestle.
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 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
human nutrition.
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
Street Journal.
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 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.
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.
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...
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...
America's biggest food company, Kraft Foods, announced a rise of 20
per cent in earnings for the 2002 first quarter, attributing strong
volume growth in beverages, desserts and new products to the
increased earnings.