Jan 27- Chocolate maker Hershey Co is in late-stage talks to acquire Krave, a maker of healthy beef, turkey and pork jerky snacks, according to people familiar with the matter. The deal is expected to value Sonoma, California- based Krave at between $200 million and $300 million, the people said this week. It sells to retailers that include Target Corp, Vitamin Shoppe...» Read More
Dec 18- ConAgra Foods Inc reported a 2 percent fall in quarterly net sales, due to weak demand for branded foods such as Hunt's ketchup and Bertolli pastas and frozen meals. Net income attributable to the company fell to $10 million, or 2 cents per share in the second quarter ended Nov. 23, from $248.7 million, or 58 cents per share, a year earlier. Net sales for the company,...
NEW YORK/ SINGAPORE, Dec 16- Olam International Ltd will buy Archer Daniels Midland Co's cocoa business for $1.3 billion, catapulting the Singapore- based commodities firm into the top tier of global suppliers to the growing chocolate business. The deal would be Olam's biggest ever and mark a dramatic turnaround after an attack two years ago on its acquisition...
Salty snacks are a $16 billion business, but Americans are increasingly looking for something healthier. Like beans.
Dec 15- Bob Evans Farms Inc said Chief Executive Steve Davis has resigned by mutual agreement effective immediately as its board steps up efforts to revamp the restaurant and packaged food company following a proxy fight. Bob Evans's recent performance under Davis has failed to meet the expectations of the board, the Wall Street Journal reported, quoting...
Dec 15- Restaurant and packaged food company Bob Evans Farms Inc said Steve Davis stepped down as chief executive effective immediately and established an interim office of the CEO until a replacement is found. The company named two top executives, Mark Hood and Mike Townsley, to fill the office of the CEO. Davis, who has been CEO for the last 8 years, will remain with...
Susan Smith, Butterball turkey expert, shares tips on how to safely prepare a Thanksgiving turkey.
Hershey cut its full-year earnings and revenue growth forecasts, citing higher dairy prices, a stronger dollar and weak sales growth in some markets.
Oct 29- Chocolate maker Hershey Co cut its full-year earnings and revenue growth forecasts, citing higher dairy prices, a stronger dollar and weak sales growth in some markets. Rivals Mars Chocolate North America and Mondelez International Inc have also raised prices this year. U.S. milk prices have been increasing since 2008, when China started sourcing...
Sept 25- At least six state investment firms are interested in buying the property assets of restaurant and packaged food company Bob Evans Farms Inc, the Wall Street Journal reported, citing people familiar with the matter.
MEXICO CITY, Aug 29- Mexican bread maker Grupo Bimbo, the world's largest baker and maker of Entenmann's cakes and Oroweat bread among other brands, said on Friday it is planning to sell new shares in Mexico and abroad, marking its first foreign listing.
NEW YORK, Aug 19- Bumble Bee Foods has received takeover overtures from canned tuna giant Thai Union Frozen Products PCL and U.S. packaged foods company Post Holdings Inc in recent months, according to people familiar with the matter.
Aug 11- Packaged foods maker ConAgra Foods Inc said long-time Chief Executive Gary Rodkin would retire in May 2015 at the end of the company's fiscal year.
Aug 11- Packaged foods maker ConAgra Foods Inc said long-time Chief Executive Gary Rodkin would retire in May 2015 at the end of the company's fiscal year. The company, whose products include Slim Jim meat snacks and Healthy Choice frozen meals, said it had set up a search committee to find a successor.
NEW YORK/ CHICAGO, Aug 5- Agribusiness company Archer Daniels Midland Co expects to sell its global chocolate business by the end of the third quarter, its president said on Tuesday, after opting to hold onto its larger cocoa press business.
KFC parent Yum Brands Inc on Wednesday said second-quarter sales at established restaurants in China, its No. 1 market, jumped 15 percent
How rising meat prices are affecting local butchers and restaurants, with Pat LaFrieda Jr., LaFrieda Meat Purveyors CEO.
Record high prices for both ground beef and sirloin are creating expensive Fourth of July barbecues. CNBC's Kate Kelly reports.
Velveeta, a processed cheese, is getting yanked off the shelves in 12 states for not having enough preservatives.
US Agriculture Secretary is confident an approved vaccine would help fight a deadly virus that has killed millions of pigs.
Hillshire Brands said it will withdraw its recommendation to its shareholders to vote for its acquisition of Pinnacle Foods.