The Associated Press combed through the income statement of Molson Coors and found some interesting tidbits regarding both the company’s results and those of MillerCoors, its joint venture with SABMiller. Among them: Molson Coors’ Carling brand gained market share in Britain, even as volume fell 3.1 percent. In total, the British beer industry declined by more than 7 percent. In...
Food Industry Archive
November 2008
In response to customer demand, Texas-based breadmaker Oroweat has become the latest company to eliminate high fructose corn syrup from all of its products. “We continuously monitor studies regarding HFCS and its health implications,” said Oroweat Marketing Director Dan Larson. “Even though there are differing opinions among the experts, more and more of our consumers have...
This is not a good time to be in the organics business. The largest U.S. dairy producer, Dean Foods, reported on Wednesday that overall sales rose 3 percent in its third quarter, but saw its profits fall short of expectations and issued a grim forecast thanks in large part to softening demand for its Horizon Organic products. Dean prices Horizon products in the high end of what it considers an...
Could free election day treats be illegal? — Companies like Starbucks and Krispy Kreme are giving away drinks or donuts to people who vote, but two California laws may prohibit such rewards. [Source: CBS2.com] Pepsi to invest $1 billion in China — In an effort to grow within emerging markets, PepsiCo will make its largest ever investment in China over the next four years, much of...
Pepsico, which plans to cut 3,300 jobs and close six plants in the wake of its weak third-quarter results, will invest $1 billion in China over the next four years to increase production there. The move could create “thousands” of jobs, the company said in an announcement Monday. The savings from the plant closings are targeted to be about $1.2 billion over three years. “We...
There’s not much left for Tyson Foods to do in the U.S., founder and former CEO Don Tyson told the AP in a recent interview. Instead, the world’s largest meat processor will focus on emerging markets like Brazil, India and China, following “the expanding footprint of fast food chains.” But Tyson can’t simply export its U.S. model of huge-scale factories to other...
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- Industry Should Find Alternatives to BPA
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- Hershey and Ferrero's Cadbury Interest Unlikely to Push Up Kraft Bid
- FDA Accused of Caving to Industry in Oyster Row
- Agriprocessors Verdict, Pending Immigration Charges, and a Bizarre Response
- Burger King Goes Too Far in Price War
- More on Starbucks Barista Discontent over Pushing Via
- Food Companies Cut Down on Ingredients, If Not Sugar or Fat
- Assault on Salt Inspires New Products and Strategies
- Dairy Industry Attacks Sodas to Defend Chocolate Milk
- Dean Foods Accused of Silk Soy Milk 'Bait and Switch'
- Kraft Battle for Cadbury Takeover Just Beginning
- Starbucks Seller Takes Via Discontent to PostSecret
- Glenn Beck More Popular Than Ever Despite Boycott
- Meat Industry: Meatless Monday Threatens Our Way of Life
- Food, Soda and Candy Bar Companies Unite to Fight Obesity
- Despite Industry Efforts, 'H1N1' Will Never Replace 'Swine Flu'
- New York City Attacks Sugary Soft Drinks with Ad Campaign
- Industry Should Find Alternatives to BPA
- New 90 Calorie Coke Can is Good Business Strategy, If Nothing Else
- No Industry Enthusiasm for PETA's Vegan Proposal
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- Is Starbucks Good or Bad for Independent Coffee Shops?
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- Meat Industry: Meatless Monday Threatens Our Way of Life
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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.