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Packaged Food and Meats


  • 3G Capital in talks to buy Kraft Foods Group: DJ Tuesday, 24 Mar 2015 | 7:05 PM ET

    The Brazilian firm has some $5 billion burning a hole in its pocket and has been searching for acquisition deals, according to the Journal.

  • Goodbye Green Giant? General Mills looks to sell Wednesday, 11 Mar 2015 | 9:47 AM ET
    General Mills' Green Giant brand frozen vegetables for sale at a supermarket in Princeton, Illinois.

    General Mills is looking to sell its Green Giant frozen and canned vegetable business, people familiar with the matter said.

  • NEW YORK, March 5- French chocolate maker Cemoi is betting that Africa's growing middle class will add its sweet treat to their diet as the company prepares to open a factory in Ivory Coast, where much of the world's cocoa beans are grown. Cemoi, which competes with the world's biggest bean buyer, Swiss-based Barry Callebaut, as well as processors and merchants like...

  • March 2- Target Corp has zeroed in on seven grocery categories, including granola, yogurt and craft beer, to attract younger shoppers, urban dwellers, and Hispanics, the Wall Street Journal reported, citing people familiar with the matter. The changes would mean less shelf space for packaged food companies like Campbell Soup Co, General Mills Inc and Kraft Foods...

  • Health-conscious Chinese challenge Western food firms Wednesday, 25 Feb 2015 | 8:42 AM ET

    *Analysts see nutrition as selling point in China. LONDON/ SHANGHAI, Feb 25- Chen Chen, a 27- year-old financial analyst in Shanghai, has cut back on bottled milky tea in favour of fresh-squeezed juices. Packaged food makers such as Nestle, Danone, PepsiCo and General Mills enjoyed fast growth in China as middle class consumers opted for convenience foods.

  • UPDATE 2-Nestle forecasts improvement in 2015 Thursday, 19 Feb 2015 | 5:38 AM ET

    *Working to fix North American frozen, China businesses. VEVEY, Switzerland, Feb 19- Nestle, the world's largest packaged foods maker, forecast sales growth around 5 percent this year, at the low end of its long-term goal, as it grapples with deflation in Europe and a slowdown in China. The goal includes improvements in margins, helped by cost savings and efforts to...

  • MILAN, Feb 14- Michele Ferrero, Italy's richest man and the owner of a global chocolate and confectionery empire, died on Saturday aged 89, the company said. His death opens the question of succession and potential tie-ups at the family-controlled Ferrero group, which has sales of around 8 billion euros and continued to grow through Italy's longest recession...

  • Michele Ferrero, owner of Nutella empire, dies at 89 Saturday, 14 Feb 2015 | 2:31 PM ET

    MILAN, Feb 14- Michele Ferrero, Italy's richest man and the owner of a global chocolate and confectionery empire, died on Saturday, two workers within the company said. His death is likely to spur talk of succession and potential tie-ups at the family-controlled Ferrero group, which has continued to grow even through Italy's longest recession since World War Two.

  • *Ketchup maker Kagome sets first price hike in 25 years. *Kagome worried that consumers not ready to pay more. TOKYO, Feb 10- For Tokyo- based condiments maker Kagome, and perhaps for Japan's government, the challenge of breaking with a decade and a half of deflation boils down to the price of a bottle of ketchup.

  • Hershey's quarterly sales miss estimates Thursday, 29 Jan 2015 | 7:12 AM ET

    Jan 29- Chocolate maker Hershey Co reported a lower-than-expected quarterly revenue as demand for bakery and meat snacks hurt chocolate sales. Hershey's net income rose to $202.5 million, or 91 cents per share, in the fourth quarter ended Dec. 31, from $186.1 million, or 82 cents per share, a year earlier. Revenue rose 2.7 percent to $2.01 billion.

  • 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...

  • ZURICH, Jan 21- Swiss chocolate maker Barry Callebaut warned on Wednesday the strong Swiss franc could hit its results, after sales revenue rose 15.1 percent in the quarter to November helped by higher cocoa bean prices. Barry Callebaut said it conducted 99 percent of its business outside of Switzerland so had limited operational exposure to the surging franc,...

  • China goes organic amid food scandals Friday, 2 Jan 2015 | 12:20 AM ET
    An employee works with produce at a farm that practices organic farming techniques in Beijing.

    An organic food craze is emerging among Chinese urbanites as safety woes spur the younger generation toward alternative ways to buy produce and meat.

  • Dec 18- Kraft Foods Group Inc on Thursday said Tony Vernon would retire as chief executive officer later this month, with Chairman John Cahill succeeding him as the company battles sluggish demand for packaged food products in the United States. Kraft shares rose 6.4 percent to close at $63.38, an all-time high since the company was spun off from Mondelez...

  • ConAgra Foods quarterly sales fall 2 percent Thursday, 18 Dec 2014 | 7:56 AM ET

    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...

  • Snack wars: Would you eat a chip made from beans? Monday, 15 Dec 2014 | 10:03 AM ET
    Beanitos bean chips

    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...

  • Bob Evans CEO Steve Davis steps down Monday, 15 Dec 2014 | 12:36 AM ET

    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...

  • How NOT to kill yourself cooking turkey   Wednesday, 26 Nov 2014 | 7:51 AM ET
    How NOT to kill yourself cooking turkey

    Susan Smith, Butterball turkey expert, shares tips on how to safely prepare a Thanksgiving turkey.