General Mills on Monday issued a recall of Cheerios cereal because certain products labeled as gluten-free contained wheat.» Read More
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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...
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.
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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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NEW YORK, May 21- Small U.S. food manufacturers once toiled for decades to develop a critical mass of fans for their products. More mass-market retailers want niche brands that shoppers view as healthier to drive traffic in stores, particularly as they face rising competition from natural food and specialty chains like Whole Foods Market Inc..
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April 27- Chipotle Mexican Grill Inc on Monday said the 46 ingredients used in its roughly 1,800 restaurants were now free of genetically modified organisms, becoming the first major U.S. restaurant chain to make that switch. U.S. diners, particularly those in the sought-after young millennial generation, are seeking fresh foods that are less processed and...
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Known perhaps as much for Swedish meatballs as its inexpensive furniture, IKEA is doubling down on its food offerings.