Corporate Operations: Page 335
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Wrigley introduces new stevia-sweetened mints
Wrigley's new Extra Professional Mints mark the company's first use of stevia for a global product.
By Paul Conley • May 29, 2014 -
Tate & Lyle reports 2% drop in profits; warns of trouble ahead
The sweetener and ingredients manufacturer blamed a drop in soft-drink sales in the U.S. for the poor performance.
By Paul Conley • May 29, 2014 -
Trendline
Mergers and acquisitions
Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.
By Food Dive staff -
Land O'Lakes sells bulk of egg business
The co-operative has said it plans to reduce activities in the egg business.
By Paul Conley • May 28, 2014 -
Australian farmer loses landmark suit on GMO contamination
The farmer lost organic status after GM seeds had spread to his land from a neighbor's farm.
By Paul Conley • May 28, 2014 -
Ahold misses expectations in US, Netherlands
The parent company of Stop & Shop also warned of trouble ahead in the present quarter.
By Paul Conley • May 28, 2014 -
Pilgrim offers to buy rival Hillshire in $6.4 billion deal
The deal values Hillshire some 22% higher than Friday's market close.
By Paul Conley • May 27, 2014 -
Nestea returns to airwaves in US
The iced-tea brand has seen its market share plunge since pulling back on marketing expense in recent years
By Paul Conley • May 27, 2014 -
Mexico opens borders for US potato imports
A new trade agreement could spell good news for shippers, particularly in Colorado, Idaho, and Washington state.
By Paul Conley • May 27, 2014 -
United Natural Foods buys Tony's Fine Foods
United Natural's footprint will increase in the western United States thanks to the deal.
By Paul Conley • May 23, 2014 -
Drambuie liqueur brand goes up for sale
The MacKinnon clan looks to unload the iconic brand.
By Paul Conley • May 23, 2014 -
SABMiller income rises despite currency woes
The world's second-largest brewer met analysts' expectations despite a challenging economic environment.
By Paul Conley • May 22, 2014 -
Unilever sells Ragú, Bertolli for $2.15b
Japan's Mizkan Group, a maker of condiments, cooking wines, and sauces, bought the brands.
By Paul Conley • May 22, 2014 -
Dole announces restructuring, closes Gonzalez vegetable plant
The company also promoted Howard Roeder, senior vice president of strategy and finance, to president of the Dole Fresh Vegetable unit.
By Paul Conley • May 21, 2014 -
Royal Ahold settles accounting fraud lawsuit for $297 million
The agreement ends a decade-long controversy surrounding accounting at Ahold's former subsidiary, US Foodservice
By Paul Conley • May 21, 2014 -
Unilever buys share rights of family trusts for $1.2 billion
The move unravels part of the company's complicated capital system and simplifies Unilever's stock structure.
By Paul Conley • May 20, 2014 -
Yakult opens probiotic drink factory in California
The plant is the first in the U.S. for the Japanese company.
By Paul Conley • May 20, 2014 -
Hershey offers $1 billion for Russell Stover
Other bidders for the candy brand include the owner of Godiva chocolates.
By Paul Conley • May 19, 2014 -
Deep Dive
Should the industry fear 'Fed Up?'
The film accuses multiple food companies of contributing to America's obesity epidemic.
By Kelsey Lindsey • May 16, 2014 -
Coca-Cola HBC posts wider loss than expected
The world's second-largest bottler of Coke was hurt by political turmoil in the Ukraine and Russia.
By Paul Conley • May 16, 2014 -
Smithfield Foods sees profit soar as sales rise
The pork giant, now part of WH Group, saw its best quarterly results ever.
By Paul Conley • May 16, 2014 -
AB InBev sexual-discrimination case goes to jury
A former executive claims she was underpaid by the company because of her gender.
By Paul Conley • May 16, 2014 -
Oreo partners with 'Transformers' for global tie-in
The deal between Mondelez and Paramount Pictures covers promotions in 35 countries.
By Paul Conley • May 15, 2014 -
Fyffes posts record earnings in Q1
A surge in melon sales in the U.S. helped push profit higher.
By Paul Conley • May 15, 2014 -
Chiquita shipping operations return to New Orleans after 40 years
The banana giant's decision is a tremendous blow to the Port of Gulfport, MS.
By Paul Conley • May 15, 2014 -
'Big Three' banana producers losing market share, influence
A report says Dole, Del Monte Fresh, and Chiquita are not the powerhouses they once were.
By Paul Conley • May 14, 2014
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