Mondelez International, formerly Kraft Foods, has completed the spin-off of its North American grocery business, Kraft Foods Group. The spin was completed yesterday (1 October). Mondelez and Kraft Foods Group will both trade on the ...
Tags: Mondelez International, Kraft Foods, grocery business, food industry
Premier Foods plc has poached executives from UK snack manufacturer United Biscuits and retail giant Sainsbury's to bolster the marketing team behind its "power brands". Claire Harrison-Church has taken the newly-created role of director ...
Tags: Sainsbury's, United Biscuits, marketing roles, Premier Foods
Kraft Foods has booked an increase in first-half profits, despite recording a fall in sales, thanks to productivity and price gains. In the six months to the end of June, net profit increased 4.2% to US$1.85bn. Operating profit in the ...
Tags: Kraft Foods, first half profits, fall in sales, food price
Annual profits from Associated British Foods' grocery business, which includes Kingsmill bread and Jordans cereal, fell 23%, the UK-based group said today (6 November). Adjusted operating profit from the grocery arm, which also sells ...
Tags: annual profits, Associated British Foods, grocery business, Kingsmill
Kraft Foods Group booked a 13% rise in earnings during the third-quarter, as the group benefited from its "leaner" post-spin structure and spent more on advertising. Reporting its first set of results following its spin-off from global ...
Tags: Q3 earnings, Net revenue, Q4 sales
Kraft Foods is to list on the NASDAQ later this month, citing cost as a factor in its decision to move from the New York Stock Exchange. Shares in Kraft will start trading on the NASDAQ from 26 June, the company said today (8 June). Its ...
Tags: Kraft Foods, NASDAQ, Nyse
Premier Foods plc has offloaded another of its brands, this morning (30 October) announcing the sale of Branston pickle to Japanese group Mizkan. The UK food manufacturer has agreed to sell its sweet pickles and table sauces to Mizkan for ...
Tags: Premier Foods plc, Branston pickle, food brand, food product
Hain Celestial has today (22 August) been announced as the buyer of Premier Foods plc's spreads assets, including brands such as Hartley's jam and Sun-Pat peanut butter. The US food group had been linked to Premier's spreads business, ...
Tags: Hain Celestial, Premier Foods plc, peanut butter, food industry
Associated British Foods today (10 September) revealed it had taken an impairment charge of A$150m (US$155m) on its Australian meat business as it battles "difficult" trading conditions in the market. The UK-listed group announced the ...
Tags: Australia, ABF, impairment charge, meat business
Associated British Foods has said it expects "substantial" growth in full-year earnings after its first-half results benefited from a strong performance by its sugar division and Primark. For the six months to 3 March, pre-tax profits ...
Tags: ABF, substantial growth, sugar division, Primark
US investment firm Trian Fund Management, which is headed by activist investor Nelson Peltz, has acquired 1% stake in Danone - the French dairy company which is estimated to have a market capitalization of approximately $37bn. Trian Fund ...
Tags: a market capitalization of approximately, Danone, leaner cost structure
American food company Kraft Foods has announced that its board of directors have approved the spin-off of its North American grocery business. The spin-off is scheduled to be completed on 1 October 2012. The split will result in the ...
US-based food company Kraft Foods is seeking to sell its Breakstone's sour cream and cottage cheese products unit,which is estimated to be worth$400m. Mexico-based Dairy firm Grupo Lala is planning to acquire Breakstone's ...
Tags: sour cream, cheese products, Kraft Foods, brand
American food company Kraft Foods has outlined the strategic growth priorities for its snacks business,which will be known as Mondelēz International after the company spin-off its North American grocery business in October 2012. ...
Tags: Kraft Foods, snacking company, revenue
UK-based Premier Foods has entered into an agreement to sell its sweet pickles and table sauces business to Japanese food firm Mizkan for£92.5m in cash. The sale includes production,distribution,sales,marketing and licensing of the ...