Hostess Brands is seeking a legal means to force members of the union representing a big chunk of its staff to accept a deal they have rejected by an overwhelming majority, or says it will have no choice but to liquidate the company.
The days of “spray and pray innovation at Kraft are gone” with “big bet” new products expected to meet more rigorous standards before they are launched in future, says the new boss of Kraft’s North American grocery business.
Jif peanut butter to Folgers coffee maker JM Smucker says K-cups have added almost $180m to its top line in just two years from a standing start and now represent nearly 8% of its $2.3bn coffee business.
Packaged foods specialist B&G Foods is in search of shelf-stable brands or groups of brands with “defensible, niche positions” in their categories and sales of less than $100m, says chief executive Dave Wenner.
Gruppo Campari today announced a US $414.7m deal to acquire Jamaican rum company Lascelles (LdM) de Mercado and said it planned to use its new heritage brands to spur 'underdeveloped' super-premium rum sales worldwide.