Trian Fund Management CEO Nelson Peltz, who pushed for a merger between Mondelēz and PepsiCo five years ago, will stand down from Mondelez’s Board of Directors as the Cadbury maker names two new members.
A former senior VP of Global Snacks at Kraft Foods has launched the startup Farm & Oven in Boulder, Colorado, hoping to sell his vegetables- and probiotics-added snacks on Amazon by mid-December.
A commonly held perception of the ongoing renaissance in the food and beverage industry is that only small, nimble startups are innovating to meet consumers’ evolving needs, and that large, legacy companies must acquire or incubate new brands to keep...
Kraft Heinz has teamed up with Oprah Winfrey to form Mealtime Stories LLC, a joint venture that will debut with ready-to-eat refrigerated products across multiple categories.
Kraft Heinz may be “on the prowl again,” according to Susquehanna analyst Pablo Zuanic, who predicted the CPG giant could be back on the acquisition trail before the year-end in an August 25 note to investors.
Mondelēz International must be careful not to saturate the Cadbury and Milka and Oreo brands with excessive SKUs and be wary cost-cutting measures don't harm revenues further, say analysts.
New CEO looks to generate 'aggressive, run-rate cost savings of $1.5bn by the end of 2017'
Heinz has slashed just under one quarter (23.8%*) of its workforce since April 2013 as part of a ‘restructuring and productivity’ drive at the ketchup giant, which was acquired by private equity firms 3G and Berkshire Hathaway in June 2013, and tied the...
The impending marriage of Heinz and Kraft Foods Group will create a $29bn consumer packaged goods powerhouse. But is bigger always better, or are megadeals like this more about making money for lawyers and shareholders than delighting consumers and driving...
Despite innovations to revitalize iconic brands and tap into emerging consumer desires, Kraft’s turnaround “remains a work in progress” as increased pricing to offset higher commodity costs slowed sales and dragged down earnings 11% in the third quarter,...
Adding powdered pectin to chewing gum can significantly improve the release of fat soluble ingredients such as flavors and cooling agents as it is chewed, according to a patent application filed by Kraft and Cadbury revealing "surprising" and...
US dairy giant Kraft Foods has moved to patent the use of dairy minerals, such as calcium, sodium and potassium, to enhance the effected "dairy flavor" of four ultra-filtrated liquid dairy products.
Gum sales are still down for the category's second largest player, but the segment might be showing its first signs of recovery, according to Mondelez’s CEO.
Kraft’s plan to split itself into two standalone business units will help the market see more clearly how its brands are performing and provide greater focus on key categories, says one analyst.
Tony Vernon, CEO of Kraft Foods Inc., says the company will ramp up its revitalizing of iconic brands and investing in innovation, adding that the company will ‘not tolerate incursions into our market share’.
Strip out inflation from the revenue growth of some of the nation’s leading food and beverage manufacturers in their domestic market, and you are left with some pretty lackluster figures.
Kraft Foods Group has appointed Deanie Elsner to the newly created role of chief marketing officer, reporting directly to chief executive, Tony Vernon.
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.
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 lobbied the US government to establish permanent normal trade relations with Russia earlier this year as it set its sights on the developing market.
Kraft has officially split into two publicly traded companies: Kraft Foods Group, an $18.7bn North American packaged foods giant with a portfolio of brands including Kraft, Maxwell House, Oscar Mayer, Planters and JELL-O; and Mondelēz International, a...
Big interview: Russ Moroz, VP Research Development & Quality, Kraft Foods
Kraft Foods has made significant cuts in sodium across its portfolio - and is currently working on “proprietary approaches to take this work to the next level” - but there is “not yet a silver bullet in the toolbox”, admit R&D chiefs at the firm.
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.
Four power brands, three priority markets and two innovation platforms will drive growth for Mondelez’s chocolate segment, according to the firm’s category head.
The Mondelez Series - New confectionery powerhouse
The developing markets of Brazil, Russia, India and China will drive sales for Kraft’s global snacks business Mondelez International, according to CEO Irene Rosenfeld.
Kraft Foods has agreed to divest a controlling stake in its Back to Nature brand food business for an undisclosed sum ahead of the company’s split in October.
Kraft Foods reported a 5.4% rise in second quarter net profit, more than offsetting higher raw material costs and adverse effects of currency exchange rates, the company said on Thursday.
ConfectioneryNews.com asks what the two biggest players in the chewing gum market are doing to introduce non-stick gums that degrade quickly in the environment.
Kraft Foods is inviting potential partners to pitch “ingredients, formulations or technologies" that could help it create an environmentally-friendly chewing gum base that will degrade after disposal.
Natural colors that remain vibrant in acidic beverages, ingredients that improve blood glucose control, technology to improve the flavor of robusta coffee, ingredients that provide sustained energy and new approaches to tackling fat bloom in chocolate…
Kraft Foods shareholders have approved the name Mondelez International as the new name for the company’s global snacks business after it splits into two separate companies later this year.
Kraft Foods reported a 1.8% increase in first quarter profit after it raised prices for its products around the world and increased sales of its ‘power’ brands, particularly in developing markets.
Risks remain for Kraft Foods ahead of its planned split as it is squeezed by commodity costs, but it will sustain growth in 2012, according to the rating agency Standard and Poor’s (S&P).
The vast majority of Kraft Foods’ carbon emissions come from outside its manufacturing facilities, according to a survey mapping its environmental footprint, but the full picture may look quite different as full results are withheld.
Kraft Foods is set to split into two companies next year, with Irene Rosenfeld at the helm of a new $31bn global snacks firm and Anthony (Tony) Vernon to head the $17bn North American grocery company. FoodNavigator-USA looks at the paths they each took...
Developing markets are to make up almost half of revenues for Kraft’s global snacks business as the spin-off business announces Irene Rosenfeld as its head.
Kraft Foods has reported a 22% rise in net profits for the third quarter, citing higher prices, which offset increased commodity costs, and a spate of successful product introductions.
Gum titans Wrigley and Kraft Foods plan to introduce smaller five-piece chewing gum packs at reduced rates to boost US sales and reflect consumer spending trends.
Kraft Foods’ CEO Irene Rosenfeld defended the company’s decision to split into two separate entities during a presentation at the Barclay’s Back-to-School Consumer Conference in Boston on Wednesday, saying that both companies will have the scale to succeed.
