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Mondelēz to go global with Marvellous Creations range
Mondelēz International plans to roll out its Marvellous Creations range across the world and says the platform will draw in $500m in revenues by 2018.
Archives for February 19, 2015
NAMI: Ten pounds of beef provides more complete nutrition than 10 pounds of rice
North American Meat Institute slams 'flawed' and 'nonsensical' advice on meat consumption in DGAC Dietary Guidelines report
Recommendations in the Dietary Guidelines Advisory Committee (DGAC) report on meat consumption are “flawed” and “nonsensical” and fail to recognize the role that nutrient dense lean meats can play in a healthy balanced diet, says the North American Meat...
US retail sales of RTE cereal dropped 4% in 2014, says IRI, but Kellogg, Gen Mills insist decline isn't terminal
US retail sales of ready to eat breakfast cereal continued to fall in 2014, with multi-outlet* data from Chicago-based market research firm IRI revealing a 4% drop in dollar sales and unit sales in the 52 weeks to December 28, 2014.
Golden State Foods to open $40m processing facility
Leading US beef processor Golden State Foods (GSF) is to invest between $40-45m in a new meat processing facility in Opelika, Alabama, as it looks to expand its operations.
Taiwan loosens import controls on US and Canadian beef by-products
Taiwan is easing its 11-year-old import ban on offal and by-products sourced from US- and Canada-reared cattle over bovine spongiform encephalopathy (BSE) concerns, by planning to classify six types of beef by-products as "non-internal organs",...
‘Regular black tea may be relevant for cardiovascular protection’: Unilever study
Black tea may help lower blood pressure for people with elevated levels, says a new study from Unilever R&D that adds to the potential health benefits of the beverage and its constituents.
Innophos' sales down 1% for 2014 on supply bottleneck, soft demand
Specialty phosphate producer Innophos experienced a sales decline both for its fourth quarter of 2014 and well as for the entire year. Soft market conditions were to blame as well as a continued issue with the supply of purified phosphoric acid (PPA),...
Campbell reorganizes its portfolio, cuts costs to drive growth
Facing tepid earnings growth and changing consumer shopping dynamics, the Campbell Soup Co. will drastically reorganize its portfolio and cut at least $200 million in costs in the next three years, executives said Feb. 18.
DGAC: Public and private sectors must work together to achieve a population-wide culture of health
Dietary Guidelines for Americans should factor in sustainability, says DGAC report
The Dietary Guidelines Advisory Committee (DGAC) – an panel of experts tasked with developing recommendations about what Americans should eat – has submitted its report to the U.S. Departments of Health and Human Services (HHS) and Agriculture (USDA),...
Mead Johnson to expand US infant formula capacity to meet online Chinese demand
Mead Johnson Nutrition plans to boost its US infant formula manufacturing capabilities to supply the e-commerce channels opening up between the US and China.
Life in the food court: ‘Some people bring cases that are legally and factually cognizable, but are stupid’
There have been more than 200 class action lawsuits filed against food and beverage companies over allegedly deceptive labeling since 2012, 60 of which have been dismissed at various stages, and 25 of which have been settled, but none have yet gone to...
Candy at CAGNY
‘We’ll continue to seek tack-on acquisitions’: Mondelēz to shop in emerging markets
Mondelēz International says it will continue to look for complementary acquisitions in emerging markets after acquiring Vietnam’s Kinh Do.
New product launches aim to make Jif, Smucker’s $1 billion brands
The J.M. Smucker Co. will roll out a wide variety of new products across categories and platforms under its Jif and Smucker’s in an effort to boost the iconic brands’ worth to $1 billion each, a company executive said.