Corporate Operations: Page 337
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Counterfeit Sunkist oranges seized in Hong Kong
Officials say the seizures in Hong Kong are the first involving counterfeit fruit.
By Paul Conley • April 28, 2014 -
Louis Dreyfus CEO steps down after only a year
The move signals a large-scale reorganization at the agricultural commodity giant.
By Paul Conley • April 28, 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 -
Chiquita asks court to dismiss terrorism lawsuits
The produce company wants a court to dismiss lawsuits tied to civil war deaths in Columbia.
By Paul Conley • April 25, 2014 -
Ardent Mills flour merger moves closer with mill sales
Miller Milling agreed to acquire four mills from three of the industry's largest players, clearing the way for the giants to complete their merger.
By Paul Conley • April 25, 2014 -
Amazon launches Prime Pantry home-delivery service
The dry-goods delivery service takes aim at big box discounters such as Costco and Sam's Club.
By Paul Conley • April 25, 2014 -
WH Group's IPO plans run into trouble
The company that acquired Smithfield Foods last year finds few takers for an initial public offering.
By Paul Conley • April 24, 2014 -
Number two spirits maker Pernod buys Kenwood Vineyards
Pernod Ricard says the acquisition is aimed at boosting its market presence in the United States.
By Paul Conley • April 24, 2014 -
Unilever reports sales drop, cites currency woes
The global consumer-products giant was hurt by currency devaluations in emerging markets.
By Paul Conley • April 24, 2014 -
Chobani takes $750 million loan, eyes an IPO
The Greek-style yogurt maker will use the funds to expand overseas and add products.
By Paul Conley • April 24, 2014 -
ConAgra sells Medallion Foods for $33.5 million
The tortilla and corn chips unit was acquired by rival Shearer’s Foods.
By Paul Conley • April 23, 2014 -
Heinz will not release how many workers took buyout
The ketchup maker isn’t saying how many of its hometown employees are leaving.
By Paul Conley • April 23, 2014 -
Aldi to build distribution center near Houston
The German grocer continues its massive expansion in the U.S.
By Paul Conley • April 22, 2014 -
Hillshire Brands buys Van's Natural Foods for $165 million
The purchase is a major departure for the maker of Jimmy Dean sausages and Ball Park franks.
By Paul Conley • April 22, 2014 -
Post to buy Michael Foods in $2.45 billion deal
The move is the latest in a series of acquisitions by Post as it seeks to diversify away from the cereal sector.
By Paul Conley • April 21, 2014 -
PepsiCo 1Q earnings, revenue beat expectations
Cost-cutting and snack sales pushed profits 13% higher in the first quarter.
By Paul Conley • April 17, 2014 -
Diageo reports 1.3% sales drop, cites emerging-markets woes
The world's largest distiller said sales volumes were slowed in Russia, South Africa, Southeast Asia, and China.
By Paul Conley • April 17, 2014 -
SodaStream in talks to sell stake, report says
Possible suitors for the make-at-home soda machine company reportedly include PepsiCo and Starbucks.
By Paul Conley • April 17, 2014 -
Danone says sales fell in first quarter
The dairy giant cited currency woes and higher milk prices as chief causes for the drop.
By Paul Conley • April 16, 2014 -
BanaBay enters US market for pineapples
BanaBay, an importer of Ecuadorian bananas, is making a substantial push into the pineapple business.
By Paul Conley • April 15, 2014 -
Retrieved from Nestle on February 11, 2014
Nestle sales fall 5.1% in recent quarter
Weather and slow growth contributed to declining sales for the world's largest food company.
By Paul Conley • April 15, 2014 -
Diageo bids $1.9 billion for India's United Spirits
The maker of Bulleit Bourbon and Johnnie Walker Scotch is willing to pay handsomely for the Indian distillery.
By Paul Conley • April 15, 2014 -
Two major bidders for Michael Foods
Goldman Sachs will have to choose between the bids of Tyson and Post for Michael Foods in a near $2.5 billion sale.
By Ariella Brown • April 13, 2014 -
Swiss chocolate maker acquires SweetWorks
Chocolat Frey, the Swiss chocolate manufacturer, seeks to expand its North American presence.
By Ariella Brown • April 10, 2014 -
Wal-Mart teams up with Wild Oats to offer organic groceries
The new food will cost 25% less than other national organic brands with the goal to make organic eating more affordable.
By Ariella Brown • April 10, 2014 -
Coca-Cola launches Vitaminwater Energy
Coke seems to be responding to a number of new beverage industry trends with this offering.
By Ariella Brown • April 10, 2014
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