Company News
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Company News
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Net Income in The Three Months Ended 29 September Slumped 67.1% to C$2.2m
Dec 12, 2012Costs related to last year's acquisition of Icelandic Group hit High Liner Foods' bottom line but the new addition helped drive operating profit and sales in the third quarter. Net income in the three months ended 29 September slumped ...
Tags: Liner Foods, Net profit, Net sales
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Kraft Foods Group Booked a 13% Rise in Earnings During The Third-Quarter
Dec 12, 2012Kraft 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
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Kraft Foods Has Added Two New Flavors to Its BelVita Breakfast Biscuits Line in The US
Dec 12, 2012Kraft Foods has added two new flavors to its BelVita breakfast biscuits line in the US. BelVita breakfast biscuits, launched in the US late last year, are now available in chocolate and cinnamon brown sugar varieties, Kraft said this ...
Tags: biscuit line, nutritious breakfast, breakfast biscuits
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UK Retailer Sainsbury's Launchs a Range of Fruit-Based Snacks and Smoothies for Children
Dec 12, 2012UK retailer Sainsbury's has launched a range of fruit-based snacks and smoothies for children. The retailer has launched mini packs of Raisins & Juicy Blueberries and bite sized Apricots, in addition to Fairtrade Strawberry or Lemon ...
Tags: kids snacks, kids smoothies, fruit snacks, frui smoothies
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Kraft Foods Has Expanded Its UK Confectionery Line with The Addition of Cadbury Pretzels
Dec 12, 2012Kraft Foods has expanded its UK confectionery line with the addition of Cadbury Pretzels. Available as part of the food giant's sharing bag offering, Cadbury Pretzels will be available to order from 13 August. Kraft is hoping to tap ...
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Finnish Food Group Raisio Has Established Two Branded Divisions
Dec 12, 2012Finnish food group Raisio has established two branded divisions, which will run its consumer and licensed products. Paul Simmonds, who oversaw UK snack firm Glisten prior to its acquisition by Raisio, has been appointed vice president of ...
Tags: branded divisions, food, licensed products, snack firm, snack
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IFF Has Opened a Plant in Singapore That The US Firm Hopes Will Help It Tap Into Growing
Dec 11, 2012International Flavors & Fragrances has opened a plant in Singapore that the US firm hopes will help it tap into growing demand in Asia. The company opened the liquid flavours and fragrances facility in Jurong in Singapore yesterday (17 ...
Tags: Singapore, flavors, fragrances, Asia demand
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Parmalat Confirms Its Full-Year Growth Targets After Booking an Increase in H1 Profits
Dec 11, 2012Parmalat has confirmed its full-year growth targets after booking an increase in first-half profits. The Italian dairy group, in which Lactalis owns a majority stake, recorded earnings of EUR82.5m (US$101.6m) in the six months to end of ...
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Ahold Has Booked a Decline in Operating Profit as Investments in Pricing Hit Margins
Dec 11, 2012Dutch retailer Ahold has booked a decline in operating profit as investments in pricing hit margins. The company booked an 11% increase in sales, which rose to EUR1.6bn (US$9.67bn) as its strategy to lower prices resulted in higher ...
Tags: Ahold, operating profit, decline, food industry
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Premier Has Sold Ethnic Flour Business Elephant Atta to UK Rival Associated British Foods
Dec 11, 2012Premier Foods plc has sold ethnic flour business Elephant Atta to UK rival Associated British Foods, the latest disposal in its move to cut debts. The GBP34m (US$52.8m) deal includes the Elephant Atta brand, which Premier described as the ...
Tags: Premier Foods plc, ethnic flour, food industry, food market
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Ronnie Bell Has Decided to Leave The UK Food Manufacturer After 18 Months in The Role
Dec 11, 2012Premier Foods plc chairman Ronnie Bell has decided to leave the UK food manufacturer after 18 months in the role. Former Kraft Foods veteran Bell joined Premier in October 2010 just weeks after the Hovis bread and Ambrosia custard maker ...
Tags: chairman Ronnie Bell, Premier Foods, food manufacturer
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US Baker Hostess Brands Has Indicated It Will Liquidate The Company Tomorrow
Dec 11, 2012US baker Hostess Brands has indicated it will liquidate the company tomorrow (15 November) if striking employees fail to return to work this evening. The group, which manufactures brands including Nature's Pride and Wonder Bread, said it ...
Tags: Hostess Brands, strike, financial resource, food industry
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Natural Grocers by Vitamin Cottage Has Said It Expects to Open 11 Stores
Dec 11, 2012US retailer Natural Grocers by Vitamin Cottage has said it expects to open 11 stores in the next 12 months. The Colorado-based firm, which listed in New York in July, had 59 outlets selling natural and organic groceries across 12 states ...
Tags: Natural Grocers, Vitamin Cottage, food store, food industry
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R&R Ice Cream Has Acquired Italian Ice Cream Manufacturer Eskigel
Dec 11, 2012UK-based private-label ice cream maker R&R Ice Cream has acquired Italian ice cream manufacturer Eskigel. The acquisition, for around EUR77m (US$94.5m), will give R&R an "immediate and major" presence in Europe's largest ice cream ...
Tags: acquisition, R and R, Eskigel, ice cream
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Publix Has Recorded an Increase in Earnings in The Third Quarter of The Year
Dec 11, 2012US retailer Publix has recorded an increase in earnings in the third quarter of the year. Net earnings in the three month period reached US$368.4m, an 18.1% increase on the prior year period. Comparable-store sales increased 2.5%, the ...
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