The company behind Cafe Coffee Day, India's biggest coffee chain, will launch an IPO next week, aiming to raise up to $176M.» Read More
May 4- Sysco Corp reported a lower-than-expected quarterly profit, hurt by higher costs and a strong dollar, a day before hearing begins on the Federal Trade Commission's motion to block the company's acquisition of rival US Foods Inc.. Sysco, the no. 1 U.S. food distributor, said on Monday that higher prices of meat, dairy and poultry products, expenses related to...
May 4- Sysco Corp, the no. 1 U.S. food distributor, reported a 2 percent fall in quarterly profit, hurt by a rise in meat and poultry prices, a strong dollar and higher expenses. Sysco, whose proposed $3.5 billion deal to buy smaller rival US Foods Inc is facing opposition from the Federal Trade Commission, said net income fell to $177 million, or 30 cents per share, in the...
Emily restaurant owner Matthew Hyland banked on a local grower for the freshest basil—and immediately saw his profits take seed.
April 22- Food distributor Sysco Corp said it had filed a memorandum opposing the U.S. Federal Trade Commission's efforts to block its proposed merger with smaller rival U.S. Foods Inc.. Sysco, the largest U.S. food distributor, unveiled its plan to buy US Foods, the second-largest, in December 2013. The U.S. government filed a lawsuit in February seeking to block...
April 22- Food distributor Sysco Corp said it had filed a memorandum opposing the U.S. Federal Trade Commission's efforts to block its proposed merger with smaller rival U.S. Foods Inc.. Sysco said it filed the memorandum on Tuesday in the U.S. Federal District Court for the District of Columbia, opposing the FTC's motion for preliminary injunction against the...
The change will affect more than 250 products across 10 brands, including Butterfinger, Nestle Crunch and Baby Ruth.
Having quality family time and your children eating healthily is key to families. Philippa Askham, founder of Sweetpea Pantry explains how it hopes to help this situation.
ConAgra Foods shares fell after it announced changes in management and cut its full year 2015 earnings forecasts.
For years, Hershey-owned Twizzlers have twisted the licorice market to its own desires. Now, Nestle wants a bite of that action.
Fred Destin, partner of Accel Partners discusses why his company has invested in the food tech start-up "Deliveroo."
There is a brothel in Nevada with a Budweiser room, which tells a unique tale about how brands promote themselves.
Some commercially produced caramel apples may have caused an outbreak of food poisoning linked to five deaths.
Grupo Cutrale and investment firm Safra Group agreed to acquire U.S.-based banana producer Chiquita Brands in a deal valued at $1.3 billion.
Opponents of mandatory labeling for foods made with genetically modified organisms spent roughly three times their spending in all of 2013.
The CEO caught on surveillance video kicking a small dog has resigned, his company announced Tuesday.
Four officials at a California slaughterhouse allegedly slaughtered diseased cows while inspectors were on lunch breaks and distributed the beef.
Craft soda may be little, but as local companies get picked up by Walmart and big players boost profits, it proves fierce.
Recent stories reported a coming worldwide kale shortage due to an absence of seeds at Australia's Bejos Seeds. The truth is something else.
AJE Group, the company that owns Big Cola, is battling Coke and Pepsi in Asian and Latin American markets. Financial Times reports.
Wawona Packing says no illnesses have been reported from a listeria scare of some of its produce, and the nationwide recall is a precaution.