NORTHFIELD, Ill.— Kraft shareholders have approved the sale of the company to ketchup maker H.J. Heinz, creating one of the world's largest food companies with annual revenue of about $28 billion. Heinz' owners, Warren Buffett's Berkshire Hathaway and the Brazilian investment firm 3 G Capital engineered the deal, first announced in March, and will control 51...» Read More
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...
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.
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,...
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