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*Bonduelle in talks with Centerview to buy Green Giant-sources. July 21- French food group Bonduelle SCA is in discussions to team up with Centerview Partners in a bid to acquire General Mills Inc's Green Giant frozen and canned vegetable business, according to people familiar with the matter. General Mills and Centerview declined to comment.
July 1- U.S. stocks rose on Wednesday after Greece's prime minister signaled he was prepared to accept most of creditors' bailout terms and a raft of U.S. data pointed to a stronger economy. Adding to the positive tone, financial stocks rallied after Swiss insurance giant ACE snagged a deal to buy upmarket property insurer Chubb for $28.3 billion.
July 1- General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, said fourth-quarter profit halved as it recorded a $260 million charge to write down the value of one of its frozen and canned vegetable businesses. General Mills has put up Green Giant for sale, people familiar with the matter told Reuters in March. General Mills' revenue in the...
Some of the names on the move ahead of the open.
July 1- General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, said fourth-quarter profit halved as it recorded an intangible asset impairment charge of $260 million. Net earnings attributable to General Mills fell to $186.8 million, or 30 cents per share, in the quarter ended May 31 from $404.6 million, or 65 cents per share, a year earlier.
U.S. stock index futures fell sharply on Monday, tracking European and Asian markets downwards, as the Greek crisis entered a new chapter after the instigation of capital controls.
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*WPP's Sorrell says trading tough this year. In separate interviews on Friday, Martin Sorrell of WPP and Maurice Levy of Publicis sounded cautious about the prospects for the advertising market, citing a lack of vibrancy in the U.S economy, weakness in Brazil, Russia and China, and Europe's continued fragility. For his part, Sorrell said that the major companies...
June 25- General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, said it would cut 675-725 jobs in its international business under a new restructuring plan aimed at cutting costs and boosting growth. While General Mills' U.S. sales for the third quarter ended Feb. 22 rose after five straight quarters of decline, international sales have...
June 25- General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, said it would cut 675-725 jobs in its international business under a new restructuring plan aimed at cutting costs and speeding up growth. The restructuring is expected to result in savings of $45 million- $50 million per year, the company said on Thursday. The restructuring is...
June 22- General Mills Inc, maker of Cinnamon Toast Crunch and Original Cheerios cereals, said it would stop using artificial flavors and colors in almost all of its cereals, joining the U.S. food industry's move towards products perceived as healthier. Taco Bell and Pizza Hut, two of Yum Brands Inc's largest restaurant chains, sandwich chain Subway and Nestle USA...
The relationship between Whole Foods and organic farmers is fraying, as more grocers move in according to the New York Times.
June 9- Campbell Soup Co said it would buy salsa maker Garden Fresh Gourmet for $231 million to expand in the fresh and organic packaged foods business. Hormel Foods Corp paid $775 million for natural and organic meat processor Applegate Farms LLC last month, while General Mills Inc bought organic food maker Annie's Inc for $820 million in October.
LendingClub created a large online loan marketplace. CircleUp is mimicking that strategy for consumer companies, but the returns have yet to show.
General Mills can score points with millennials and take advantage of the buzz, says a branding expert
NEW YORK, June 1- Nomad Holdings Ltd is hot for more frozen food deals following its $2.8 billion acquisition of Iglo Foods Holdings Ltd, even as the category faces an image problem as some consumers opt for fresher fare. According to market research firm Euromonitor International, Iglo held a roughly 3 percent share of the global frozen food market, second only to...
Retailers Walgreen Co and Payless Shoesource Inc, and hotel chain group Choice Hotels International Inc on Tuesday followed the lead of General Mills Inc in removing their ads from the program. "We share your concerns and we have decided to remove our advertising from the show," said Choice Hotels, which runs Comfort Inn and Econo Lodge chains, among others.
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