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HeinzUK/IRE: More Heinz jobs at risk as shake-up continues

22 August 2013

Over 200 Heinz workers in the UK and Ireland could lose their jobs as the ketchup maker's new owners set out more plans to streamline the business.

Comment: Heinz's new owners make presence felt

14 August 2013

Heinz has announced the first significant job cuts since the Warren Buffett / 3G Capital takeover only last year. Given 3G's track record with previous investments, the news the ketchup and soup company is "streamlining" its business should not be a huge surprise, writes Dean Best.

US: Heinz cuts 600 jobs in US and Canada

13 August 2013

Heinz is to lay off 600 workers across the US and Canada - with over half the cuts at its HQ in Pittsburgh.

US: 3G Capital exec Basilio named Heinz CFO

10 June 2013

Private-equity firm 3G Capital, part owner of US food group Heinz, has named one of its partners as the ketchup maker's new CFO.

Editor's choice: the highlights on just-food last week

15 April 2013

3G Capital, the private-equity firm soon to own Heinz, last week turned to another investment - Burger King - for the US food giant's new CEO. In the UK, R&R Ice Cream, Europe's largest own-label ice cream supplier bought a local rival it said would boost its branded stable. Europe was shook by more horsemeat revelations. Meanwhile, we interviewed Sainsbury's on multichannel, Canada's Dare Foods and took a look at the possible suitors for Burton's Biscuit Co.

On the move: Heinz's new owners bring in their own

12 April 2013

The owners-elect of Heinz have effectively brought in their own man to run the US food giant. Dean Best looks at what the appointment of Burger King boss Bernardo Hees could mean for the ketchup maker.

US: Burger King boss Hees to lead Heinz

11 April 2013

Burger King CEO Bernardo Hees is set to become the chief executive of Heinz when 3G Capital and Berkshire Hathaway's planned takeover of the US food giant is complete.

In the spotlight: Heinz's prospects under 3G and Buffett

15 February 2013

Heinz stunned the global food industry with news it had agreed to a US$28bn takeover offer from Warren Buffett's Berkshire Hathaway fund and private-equity firm 3G Capital - purported to be the largest-ever deal in the sector. Dean Best looks at what could lie ahead for the US food giant.

UPDATE 2: GLOBAL: Heinz can be "bigger and better" as private firm - CEO

14 February 2013

Heinz chief Bill Johnson today (14 February) insisted the US food giant has the potential to get "bigger and better" under the ownership of investment funds Berkshire Hathaway and 3G Capital.

UPDATE: GLOBAL: Heinz "our kind of company" - Buffett

14 February 2013

Famed US investor Warren Buffett today (14 February) labelled Heinz as his "kind of company" after his Berkshire Hathaway fund struck a deal to pay US$28bn for the ketchup giant.

In the spotlight: MPs grill FSA over horse meat in burgers

1 February 2013

The horse-meat-in-burgers scandal rumbled on this week. Tesco, The Co-op and Aldi ended some contracts with the supplier at the centre of the affair and sought to reassure consumers of their efforts to improve food quality. Meanwhile, in Westminster, UK regulator The Food Standards Agency was in the spotlight. Dean Best reports on the issues that emerged from the regulator's appearance before MPs.

Best bits: The risks of Arla's fresh push in China

18 June 2012

Dairy giant Arla Foods has announced a significant deal in China with local company Mengniu. The Danish-Swedish co-op says the venture represents a "breakthrough" for its brand in China but, with food safety a concern in the country, there are potential risks, as well as rewards, for the company.

US: Inventure Foods hails "record" Q1

4 May 2012

US snack and smoothie manufacturer Inventure Foods has hailed a "record" first quarter in which it generated its highest quarterly revenues and earnings per share.

On the money: PepsiCo rebuffs split speculation

13 October 2011

PepsiCo CFO Hugh Johnston has quashed suggestions that the global snacks and beverage giant could split into two.

US: Inventure Foods to sell Nathan's Famous snacks

30 September 2011

US snack maker Inventure Foods is set to sell a range of snacks under the Nathan's restaurant brand.

US: Inventure Foods Q2 profit hit by NPD investment

29 July 2011

Inventure Foods has reported mixed second-quarter results with net income down despite "record" sales as the US snack food manufacturer invested in promoting new products.

UK: Kepak plans to double turnover

22 March 2011

Kepak, the owner of the Rustlers brand, has said that it could double its turnover over the next five years by extending its customer base through new product development.

US: Snack firm Inventure sees Q2 profits rise

28 July 2010

US snack maker Inventure Foods has posted a leap in second-quarter profits on the back of higher sales.

Quote, unquote: just-food's week in words

30 April 2010

The industry saw a raft of quarterly results this week from Unilever, Safeway Inc, Kellogg, Chiquita and Premier Foods plc, among others. Unilever CEO Paul Polman adopted a typically cautious tone, despite an acceleration in sales and volumes, while Safeway CEO Steve Burd remained more upbeat on profits despite a tumble. Sodium reduction once again appeared on the menu as the CSPI hit out at US companies that have not yet joined the New York initiative to cut salt, while Kraft and Heinz both pledged targets for mayor Michael Bloomberg’s programme. Here is a selection of who said what about the top stories in the food sector this week.

COMMENT: US consumers need convincing about low-sodium foods

27 April 2010

The latest push to cut salt (or sodium, as our US cousins call the ingredient) from packaged foods has taken off across the Atlantic, much to the satisfaction of consumer advocates.

US: Campbell names strategy exec; mum on Godiva

21 August 2007

Campbell Soup Co. has named Kirk Elliot as vice president, corporate strategy, the US group said today (21 August).

Self-regulation scheme fails to silence critics

26 July 2007

A self-regulatory initiative by 11 food and beverage companies launched in the US last week has received a mixed response from campaigners. While the initiative can potentially make a valuable contribution to tackling childhood obesity, Ben Cooper writes, weaknesses in terms of its scope and coverage have exposed it to criticism from pressure groups.

CHINA: Bakkavör Group acquires remaining share of Creative Foods

22 June 2007

Bakkavör Group has, in cooperation with Glitnir Bank, acquired the remaining 60% stake it didnt't already own in Creative Foods, a Chinese salad manufacturer.

US: The Pantry appoints CFO

18 June 2007

US retailer The Pantry has named its new chief financial officer.

Is Second Life a new opportunity for food marketers?

30 October 2006

A new world is waiting to be conquered by food manufacturers and retailers. Social networking websites such as Second Life and YouTube provide an unprecedented opportunity for companies to market their products and services to a consumer demographic that can be difficult to reach through tried and tested channels. Bernice Hurst investigates.

US: Burger King appoints North American boss

13 June 2006

Chuck Fallon has joined Burger King Corporation as president of North America, it was announced today by John W. Chidsey, CEO of BKC

BAHAMAS: Winn-Dixie sells 12 stores

19 May 2006

Winn-Dixie Stores has announced that the US Bankruptcy Court for the Middle District of Florida has given its approval in connection with the sale of 12 supermarkets in the Bahamas — nine operated by Winn-Dixie under the City Markets banner and three under the Winn-Dixie banner.

US: ConAgra appoints growth chief

17 March 2006

ConAgra Foods has appointed Jacqueline McCook as chief growth officer and executive vice president, International.

US: Burger King files IPO statement

17 February 2006

Burger King Holdings has filed a registration statement for the proposed initial public offering of its common stock with the Securities and Exchange Commission.

UK: Burger King reveals IPO plans

2 February 2006

Burger King Holdings, Inc said yesterday (1 February) that it expects to file a registration statement with the Securities and Exchange Commission in connection with an initial public offering of shares of its common stock in late February or early March.

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