About Food Industry

BNET Food provides daily industry trends and news coverage with insights for managers and executives, focusing on the major companies in the food and beverage sector, from manufacturers to retailers. In addition to detailed company profiles, we bring you industry analysis on new alliances and partnerships, food products, mergers and acquisitions, contamination events, health risks, investments, and a host of other important business issues.

Food Roundup: Merisant Bankrupt, No Tyson Layoffs, Coffee Growers Sue Cartoonist, and More

By Katherine Glover | Jan 9, 2009

Merisant files for bankruptcy — The maker of Equal and other low-cal sweeteners filed for chapter 11 protection today. Competing products like Splenda have been chipping away at Merisant’s market share, and the company has accumulated a lot of debt. But the company said it will continue with its recent launch of PureVia, a stevia-based sweetener, in partnership with PepsiCo. [Source: Wall Street Journal]

Tyson interim CEO: No layoffs planned — Leland Tollett told employees that major layoffs will not be part of the poultry company’s restructuring efforts. The company has been suffering lately and former CEO Richard Bond resigned unexpectedly on Monday. Tollett also said the company will find a permanent replacement for Bond very soon. [Source: Reuters]

Colombian Coffee Growers Federation to sue cartoonist — The organization is suing U.S. cartoonist Mike Peters for linking the Colombian coffee advertising icon, Juan Valdez, to violence. A character in Peters’ Mother Goose cartoon joked, “When they say there’s a little piece of Juan Valdez in every can, maybe they’re not kidding.” Critics say the ad smears the image of Colombian coffee. Apparently oblivious to the U.S. First Amendment, the federation is demanding $20 million. [Source: BBC]

FDA opens Latin America office — The Food and Drug Administration opened a new office in Costa Rica this week. This is the first such satellite office in Latin America, but last month the agency set up shop in Beijing and other Chinese cities. More foreign offices are planned for Latin America as well as India and the Middle East. [Source: Just-Food]

Domino’s investor can have bigger share — The pizza chain upped to 19.95 percent the stake Blue Harbour Group can hold in the company before triggering poison pill restrictions. The previous limit was 15 percent; the fund held an 11.9 percent stake at the end of September. [Source: Reuters]

Katherine Glover is a Minneapolis-based print, radio and online journalist. She's written for Salon.com, Sierra Magazine and many others, and she does a weekly blog on immigration issues for MinnPost.

BNET User Analysis

Web Buzz:
  • Merisant Files for Bankruptcy

    Food Product Design - 299 days 20 hours 53 minutes ago

    CHICAGO—Merisant Worldwide, Inc., maker of low-calorie tabletop sweeteners such as Equal and Canderel, filed for Chapter 11 bankruptcy protection Jan. 9, citing increased competition and too much debt. The filing came less than a month after federal regulators cleared the way for Coca-Cola Co and PepsiCo, Inc. to begin using natural,...

  • PureCircle Announces Partnership With Cerilliant

    Natural Products - 247 days 22 hours ago

    FLORHAM PARK, N.J.--PureCircle has entered into an agreement with Cerilliant Corporation (Round Rock, Texas) for the global supply of Certified Reference Materials and validated analytical methods for stevia-based sweeteners. The successful introduction of PureVia [TM] Reb A natural sweetener by PureCircle, means there is a requirement to ensure...

  • FDA Gives Stevia Green Light to Cargill, Merisant

    BNET Insight - 324 days 20 hours 6 minutes ago

    It’s official — stevia is “generally regarded as safe.” Cargill and Merisant both received letters yesterday from the Food and Drug Administration affirming that the companies’ competing stevia-based sweeteners have the agency’s approval. Now we’ll find out if the natural, zero-calorie sweetener can live up to its lavish promises....

  • Reader's Digest files bankruptcy papers

    MSNBC - 76 days 1 hour 8 minutes ago

    PLEASANTVILLE, New York - Reader's Digest Association Inc., publisher of the iconic general interest magazine that began gracing American homes in 1922, on Monday filed for Chapter 11 bankruptcy protection as it faces falling print circulation in the Internet age and looming debt payments. Known for its heartwarming stories about American life...

  • Hayes Lemmerz files for Chapter 11

    Auto News - 180 days 6 hours 37 minutes ago

    Hayes Lemmerz International Inc. said on Monday it filed for Chapter 11 bankruptcy protection. The company said lenders holding a majority of its secured debt have reached an agreement regarding a restructuring of the company's debt

Links from the Web Buzz:
 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement
Click Here