Bankrupt Twinkies and Wonder Bread maker Hostess Brands says it expects to establish up to six ‘stalking horse’ bidders for its iconic bakery brands when bids are presented to the bankruptcy court.
Offloading Skippy peanut butter - which still generates the majority of its $370m annual sales in the mature US market - will continue to skew Unilever’s portfolio towards faster-growing emerging markets, says one industry analyst.
Want a dictionary definition of 'high-achiever'? Meet Ryan Black, a former NFL player and surfer who went on holiday to Brazil in his early 20s in search of waves and came back with the germ of a business idea that is now worth more than $100m...
General Mills plans to introduce a host of new ready-to-eat cereal products to the US in 2013, but seems unlikely to heavily discount its range to line up with competitors.
General Mills has been making up lost ground in the fast-growing US Greek yogurt market, increasing its market share to 9% compared with less than 6% in early summer.
2012 was a roller coaster ride for the food industry, with Kraft and Sara Lee engaging in some serious corporate re-engineering, ConAgra finally getting its hands on Ralcorp, and Kellogg snapping up Pringles after former suitor Diamond Foods' plans...
Can we feed nine billion people by 2050? Only if we embrace the principles of open innovation, says Jeff Bellairs, senior director of the General Mills Worldwide Innovation Network (G-WIN), in this exclusive article for Foodnavigator-USA.com and FoodNavigator.com.
Greek yogurt giant Chobani has opened what it claims is the world’s largest yogurt factory - a one million square foot plant in Twin Falls Idaho and its second domestic manufacturing facility - following a $450m investment.
Food manufacturers looking to extend shelf life with natural antioxidants have started using blended ingredients in an effort to deal with spiralling raw material costs, according to Frost & Sullivan.
The Hershey Company has joined the advisory council of a new non-profit organization – the Sustainability Accounting Standards Board (SASB) - that aims to develop industry-wide standards on sustainability.
Pilgrim’s Pride Corp. has been cited by the US Labor Department’s Occupational Safety and Health Administration (OSHA) for exposing workers to hazardous chemicals.
Continental Mills, the privately owned manufacturer of Krusteaz and Ghiardelli-brand products, has acquired Sun Country Foods, Inc., the company announced Tuesday. The transaction includes the Kretschmer Wheat Germ brand and a manufacturing facility located...
A City analyst tells BeverageDaily.com that he believes recent talk of Diageo mounting a $10bn+ takeover of Beam Inc. is more likely now the UK plc. has ended talks with Mexico’s Jose Cuervo.
Many successful food brands have a founding myth. In the case of Bear Naked Granola, it is the story of the co-founders offering “breakfast in bed” to the wrong person.
Diageo remains tight-lipped on reports it may make a $10bn+ swoop for Beam Inc. but one analyst tells BeverageDaily.com he believes no imminent deal is likely, given the firm’s preoccupation with United Spirits and Jose Cuervo.
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.
Saputo hopes to increase its share of the US dairy market while reducing its reliance on the stagnated Canadian market through its proposed acquisition of Dean Foods’ Morningstar division.
The Coca-Cola Company is partnering with US-based Select Milk Producers to invest in the Core Power high protein milk shake brand and create a complementary value-added nutritional dairy portfolio.
Unilever’s ‘fewer, faster, better’ mantra is paying off, with a smaller number of more innovative new products getting to more markets, more quickly, says one industry analyst.
The $1.75m in bonuses to be shared by bosses at Hostess Brands should they meet targets relating to the sell-off of its assets are “below market rates” and “completely routine”, says the now-defunct maker of Twinkies and Ding Dongs.
A US-based investment firm insists that PepsiCo needs to focus on its most profitable brands and emerging markets such as China to bolster margins and regain ground on Coke.
NBTY Inc. has announced the acquisition of Balance Bar Company from Brynwood Partners, its private equity owner. Details of the deal were not announced.
After multiple abortive attempts in 2011, ConAgra Foods has announced that it has reached a ‘definitive agreement’ to buy Ralcorp Holdings, the largest manufacturer of private label food in the US.
SAB Miller CFO Jamie Wilson admits that the firm has suffered volume declines with Foster’s Group in Australia and is not regaining share, but claims that the takeover was never a ‘short-term journey’.
The nearly extinct Twinkie has received a scurry of free publicity over the past two weeks and the saga may just lead to Wonder Bread t-shirts and Twinkie imitations coming out of the woodwork, an analyst says.
Twinkies and Wonder Bread maker Hostess Brands has today filed a motion with the US Bankruptcy Court for permission to close the business and sell all assets.
Twinkies and Ding Dongs maker Hostess Brands says that if employees on strike are not back at work by 5pm EST today, it will move to liquidate the company.
Twinkie maker Hostess Brands says that if strike action at its bakeries does not end soon, it will move to “liquidate the company in a matter of days, not weeks”.
Coca-Cola has to "think and act like a lean start-up company" if it wants to stay ahead of the pack, using its Venturing and Emerging Brands (VEB) arm to make "more, earlier bets" to find the next big thing in beverages, says its procurement...
PepsiCo has officially opened a food and beverage innovation center in China to serve as a hub of product, packaging and equipment innovation for the business throughout Asia.
Kellogg and Wilmar’s 50:50 joint venture will dive into immediate opportunities in China’s developed snack market; using Pringles as its springboard, a Kellogg executive has said.
Dean Foods is eyeing further growth to close 2012, after strong third quarter performances from its Fresh Dairy Direct and WhiteWave-Alpro business segments.
Kraft Foods have reported strong third quarter 2012 results with growth fuelled by new products and gains in productivity, says the newly independent business.
Mondelēz International was weighed down by operational issues in Brazil and Russia in the third quarter (Q3) which harmed overall performance in its first results since it split from Kraft Foods in October.
Anheuser-Busch InBev CEO Carlos Brito says his firm is ‘not happy’ with continued US market share losses for Budweiser, and expressed slight disappointment given rising brand health scores.
