Kraft shareholders will vote on a proposed acquisition of Kraft Foods Group by H.J. Heinz following a waiting period set by the Hart-Scott-Rodino (HSR) Act, which has now expired.
PepsiCo has cut about 100 employees from its Chicago, Illinois office, home to the company’s North America Nutrition division, which handles the Gatorade, Quaker, and Tropicana brand lines.
McDonald's and Kraft Foods have partnered to expand the manufacture, marketing and distribution of McDonald's McCafé brand in the US by packaging its signature coffee for sale in grocery stores and retailers in 2015.
PepsiCo has hit out at activist investor Nelson Peltz for continuing to press for a split between its beverage and snack arms, and says his use of data is ‘selective, and in many instances misused’.
US dairy giant Kraft Foods has moved to patent the use of dairy minerals, such as calcium, sodium and potassium, to enhance the effected "dairy flavor" of four ultra-filtrated liquid dairy products.
Procter & Gamble (P&G) is fighting back in an ongoing
dispute over packaging with Kraft Foods by opening counter-legal
proceedings over allegations it has infringed container designs
used on its rival's coffee products.
Mergers and acquisition activity is always ongoing in every segment
of industry, but this summer looks to be a particularly hot one for
food and beverage manufacturers.
Cadbury Schweppes has said it will separate its confectionery and
US soft drinks businesses, sending ripples of speculation across
the financial sector about the firm's motives.
Lawsuits alleging soft drinks made by Kraft Foods may contain the
cancer-causing chemical, benzene, have been dismissed after the
group said it had reformulated products.
Obesity concerns and a lack of innovation have driven down sales of
fruit-flavored juice drinks in the US over the past five years, and
prospects to boost the market remain dismal according to a new
report by Mintel.
Coca-Cola and Cadbury Schweppes have joined the list of beverage
firms set to be sued in Florida over allegations their drinks
contained benzene, 15 years after the industry first pledged to fix
the problem.
Kraft Foods has confirmed that it is increasing prices of many of
its products in the United States by an average of 3.9 per cent
because of rising energy and packaging costs caused by higher
global oil prices.
So what shape and form has innovation in the food and drink
industry taken this month? From Müller juice to elderflower Fanta,
Mintel provides this month's latest round-up of new product
development.
As one US group - Kraft Foods - consolidates its position in the
Middle East with the acquisition of an Egyptian biscuit group,
another American firm - Starbucks - withdraws after dissolving its
Israeli joint venture.
US food company Kraft Foods has put its powdered soft drink
concentrate plant in Hyderabad, India up for sale, reports the
Indian paper Financial Express.
