Speculation is growing over a potential takeover of confectionery
giant Cadbury following the announcement that US investor Nelson
Peltz has acquired almost 3 per cent of the company.
Leading food manufacturer Kraft has paid £575m (€829.6m) for United
Biscuit's southern European snack business. The deal was signed off
over the weekend, said British daily The Financial Times.
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.
Food giant Kraft, which saw earnings drop 13.5 percent in third
quarter earnings yesterday, moved a step closer to being spun off
from parent Altria after a $280 billion government lawsuit against
the tobacco industry fell through.
On the back of growing consumer interest in healthy eating, leading
US food maker Kraft Foods is focusing on its increasingly
successful health and wellness segment, announcing plans to further
limit products advertised to children...
Wrigley has unveiled its new Global Innovations Centre in Chicago,
asserting its commitment to expanding beyond chewing gum into the
wider confectionery market.
Swiss chocolatier Lindt and Sprüngli has announced record sales
figures during 2004, on the back of improved export sales and
burgeoning consumer demand for premium chocolate products in
Western Europe, Tom Armitage reports.
Rumours that Kraft Foods was mulling the sale of its sugar
confectionery business have been circulating for a month or so, and
were this week proved to be correct when gum maker Wrigley
confirmed that it would be buying the Altoids,...
Kraft Foods, the biggest packaged foods producer in North America,
is thought to be mulling the sale of its confectionery business,
including the Altoids and Life Savers brands, as part of a move to
focus on a smaller number of stronger...
Kraft Foods claims to be making significant progress towards its
goal of achieving sustainable growth, but figures suggest that the
company is still reeling from changing consumer consumption trends
and commodity price hikes. Cutbacks...
Food giants such as Unilever, Kraft and Campina have put in place
measures to achieve significant reductions in energy consumption,
underlining the trend towards growing corporate environmental
responsibility.
Kraft Foods has selected Rockwell Automation's Power & Energy
Management Solutions (PEMS) team to develop and execute a sustained
energy reduction initiative across all its manufacturing facilities
in North America.
Chocolate dominates the latest product launches from Mintel, which
this week focus on Eastern Europe. The launches also reflect a
growing trend towards maximizing the marketing potential of brands
that have been long established in...
Having recently announced a large-scale withdrawal from the
Hungarian market, Kraft Foods has reaffirmed its commitment to the
Romanian market, by confirming a series of future investments in
its division there.
Kraft Foods says it is preparing to launch the international
chocolate brand Milka in Russia in an attempt to further increase
its slice of the confectionery market there.
So what shape and form has innovation in the food and drink
industry taken this month? From flashing lollies to lemon crisps
Mintel provides this month's latest round-up of new product
development.
Fun, convenience and health are the clear drivers of innovation in
the food industry, as the latest review of new products from
Mintel's Global New Product Database shows.
Kraft Foods, the US prepared foods giant, has unveiled a package of
measures designed to curb the growing levels of obesity. But is it
just another example of the food industry cynically playing on
consumers' health fears to...
The date for Confectionery Manufacturing Expo (CM-expo), Europe's
first show dedicated to the suppliers and buyers of the chocolate
and confectionery manufacturing industry, has been confirmed.
US gum manufacturer Adams is seen as a 'must-have' acquisition for
Cadbury Schweppes if it wants to truly become a global player. But
it faces strong opposition from rival players.
Barry Callebaut, the world's top manufacturer of cocoa and
chocolate products, has confirmed that it will buy German chocolate
firm Stollwerck from Imhoff Industrie-Holding in a CHF256 million
(€174.9m) deal.
British confectionery and drinks group Cadbury Schweppes Plc is set
to make a £350 million pound ($507 million) takeover of privately
held Danish chewing gum firm Dandy, the Sunday Telegraph reported.